AGF Management Ltd. Boosts Holdings in Ulta Beauty Inc. $ULTA

AGF Management Ltd. raised its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 451.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,185 shares of the specialty retailer’s stock after buying an additional 5,882 shares during the quarter. AGF Management Ltd.’s holdings in Ulta Beauty were worth $3,928,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Focus Partners Wealth raised its holdings in Ulta Beauty by 231.6% during the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock worth $1,372,000 after purchasing an additional 2,615 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after buying an additional 1,574 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at approximately $466,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ulta Beauty by 1.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,198 shares of the specialty retailer’s stock valued at $2,900,000 after buying an additional 106 shares during the period. Finally, Ascent Group LLC acquired a new position in Ulta Beauty during the second quarter worth $395,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA stock opened at $673.39 on Wednesday. The stock’s 50 day moving average price is $619.05 and its 200 day moving average price is $557.31. The firm has a market cap of $29.87 billion, a P/E ratio of 25.82, a PEG ratio of 3.10 and a beta of 0.85. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $695.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results 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 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 the consensus estimate of $2.70 billion. During the same quarter last year, the business 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. On average, research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ULTA shares. Zacks Research raised Ulta Beauty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Oppenheimer raised their price objective on shares of Ulta Beauty from $675.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $732.00 target price on shares of Ulta Beauty in a report on Thursday, January 8th. Finally, Argus boosted their price target on Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, January 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $626.44.

About Ulta Beauty

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.