Keybank National Association OH Boosts Stock Position in Ulta Beauty Inc. $ULTA

Keybank National Association OH grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,889 shares of the specialty retailer’s stock after acquiring an additional 2,121 shares during the quarter. Keybank National Association OH owned about 0.30% of Ulta Beauty worth $73,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC raised its position in Ulta Beauty by 107.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after buying an additional 28 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Ulta Beauty during the 3rd quarter worth $25,000. Hemington Wealth Management lifted its position in Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at about $31,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ulta Beauty during the second quarter valued at approximately $35,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 2.6%

Shares of ULTA stock opened at $647.36 on Friday. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $695.34. The stock has a fifty day simple moving average of $612.98 and a two-hundred day simple moving average of $553.76. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 3.27 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating 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 last year, the company posted $5.14 earnings per share. Ulta Beauty’s revenue 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. Research analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Raymond James Financial raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $605.00 to $790.00 in a report on Wednesday, January 21st. Morgan Stanley upped their target price on shares of Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Evercore ISI raised their price objective on Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Zacks Research raised Ulta Beauty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, TD Cowen increased their price target on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $626.44.

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.