Continuum Advisory LLC Grows Position in Ulta Beauty Inc. $ULTA

Continuum Advisory LLC boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,260 shares of the specialty retailer’s stock after purchasing an additional 830 shares during the period. Continuum Advisory LLC’s holdings in Ulta Beauty were worth $6,156,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Ulta Beauty during the second quarter valued at approximately $258,791,000. AQR Capital Management LLC boosted 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 valued at $222,794,000 after acquiring an additional 207,084 shares during the period. Interval Partners LP grew its position in 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 acquiring an additional 185,565 shares during the last quarter. Swedbank AB increased its stake in Ulta Beauty by 46.1% in the first quarter. Swedbank AB now owns 464,316 shares of the specialty retailer’s stock worth $170,190,000 after purchasing an additional 146,402 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new stake in Ulta Beauty in the second quarter worth $62,170,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ULTA. Robert W. Baird set a $700.00 price target on shares of Ulta Beauty in a report on Wednesday, December 17th. Canaccord Genuity Group upped their target price on shares of Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Morgan Stanley raised their target price on shares of Ulta Beauty from $600.00 to $640.00 and gave the stock an “overweight” rating in a research report on Sunday, December 7th. TD Cowen upgraded Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price target for the company from $600.00 to $725.00 in a report on Monday, December 8th. Finally, Argus raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective on the stock in a research note on Thursday, September 25th. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $604.64 on Tuesday. The company has a market cap of $26.82 billion, a PE ratio of 23.18, a P/E/G ratio of 3.21 and a beta of 0.87. The firm’s 50 day moving average price is $548.52 and its 200-day moving average price is $524.50. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $616.34.

Ulta Beauty (NASDAQ:ULTA) last posted its 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 return on equity of 46.33% and a net margin of 9.93%.The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business earned $5.14 earnings per share. Ulta Beauty’s revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

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.