BI Asset Management Fondsmaeglerselskab A S Has $38.06 Million Holdings in Ulta Beauty Inc. $ULTA

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 70.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 69,614 shares of the specialty retailer’s stock after acquiring an additional 28,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.16% of Ulta Beauty worth $38,061,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC grew its holdings in Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 28 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Ulta Beauty during the 3rd quarter worth $25,000. Hemington Wealth Management grew its stake in Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Ulta Beauty in the 3rd quarter worth $31,000. Finally, Elevation Point Wealth Partners LLC bought a new position in Ulta Beauty in the 2nd quarter worth $35,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ULTA. Wells Fargo & Company raised their price target on Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research report on Thursday, October 16th. Evercore ISI lifted their price target on Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Jefferies Financial Group initiated coverage on Ulta Beauty in a research report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price objective for the company. Barclays restated an “overweight” rating and issued a $680.00 price objective on shares of Ulta Beauty in a research note on Tuesday, January 6th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $626.44.

Ulta Beauty Trading Up 0.8%

NASDAQ ULTA opened at $678.64 on Thursday. The stock’s 50 day moving average is $621.92 and its two-hundred day moving average is $558.16. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $695.34. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 3.14 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 for the quarter, topping the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current 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.