Assenagon Asset Management S.A. Acquires 17,365 Shares of Ulta Beauty Inc. $ULTA

Assenagon Asset Management S.A. grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 90.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,647 shares of the specialty retailer’s stock after acquiring an additional 17,365 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Ulta Beauty worth $20,037,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after acquiring an additional 688,267 shares during the period. Norges Bank bought a new position in Ulta Beauty during the 2nd quarter worth about $258,791,000. AQR Capital Management LLC increased its holdings in Ulta Beauty by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock worth $222,794,000 after purchasing an additional 207,084 shares in the last quarter. Interval Partners LP raised its stake in shares of Ulta Beauty by 2,962.9% in the 1st quarter. Interval Partners LP now owns 191,828 shares of the specialty retailer’s stock valued at $70,313,000 after purchasing an additional 185,565 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Ulta Beauty by 46.1% in the first quarter. Swedbank AB now owns 464,316 shares of the specialty retailer’s stock valued at $170,190,000 after purchasing an additional 146,402 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $597.88 on Friday. The company has a fifty day moving average price of $539.95 and a two-hundred day moving average price of $517.75. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $611.90. The stock has a market cap of $26.52 billion, a P/E ratio of 22.92, a P/E/G ratio of 3.14 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $5.14 EPS. Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, October 8th. Robert W. Baird set a $700.00 target price on Ulta Beauty in a research note on Wednesday. DA Davidson upped their price target on Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Cowen raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Finally, Bank of America boosted their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Company Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.