Capricorn Fund Managers Ltd Acquires Shares of 5,500 Ulta Beauty Inc. $ULTA

Capricorn Fund Managers Ltd bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,500 shares of the specialty retailer’s stock, valued at approximately $3,007,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Ulta Beauty during the 2nd quarter worth $258,791,000. AQR Capital Management LLC raised its holdings in shares of Ulta Beauty by 76.6% in the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock valued at $222,794,000 after buying an additional 207,084 shares during the last quarter. Interval Partners LP boosted its stake in shares of Ulta Beauty by 2,962.9% during the first quarter. Interval Partners LP now owns 191,828 shares of the specialty retailer’s stock worth $70,313,000 after buying an additional 185,565 shares during the period. Swedbank AB grew its holdings in shares of Ulta Beauty by 46.1% during the first quarter. Swedbank AB now owns 464,316 shares of the specialty retailer’s stock worth $170,190,000 after buying an additional 146,402 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Ulta Beauty in the 2nd quarter valued at about $62,170,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. DA Davidson upped their price objective on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Barclays restated an “overweight” rating and issued a $647.00 target price on shares of Ulta Beauty in a research note on Friday, December 5th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $607.52 on Friday. The company has a market cap of $26.95 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 3.21 and a beta of 0.87. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $616.34. The business has a fifty day moving average of $546.90 and a two-hundred day moving average of $523.04.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $5.14 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Sell-side analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Ulta Beauty 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.