Renaissance Group LLC Buys Shares of 66,187 Ulta Beauty Inc. $ULTA

Renaissance Group LLC purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,187 shares of the specialty retailer’s stock, valued at approximately $36,188,000. Ulta Beauty comprises 1.4% of Renaissance Group LLC’s investment portfolio, making the stock its 25th biggest position. Renaissance Group LLC owned 0.15% of Ulta Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP lifted its position in Ulta Beauty by 9.4% during the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock valued at $306,234,000 after purchasing an additional 56,063 shares during the period. Franklin Resources Inc. raised its stake in Ulta Beauty by 5.4% during the 2nd quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock valued at $272,568,000 after buying an additional 30,100 shares during the last quarter. Swedbank AB lifted its holdings in shares of Ulta Beauty by 6.7% during the 3rd quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after buying an additional 36,456 shares during the period. Norges Bank purchased a new position in shares of Ulta Beauty in the 2nd quarter worth $258,791,000. Finally, AQR Capital Management LLC grew 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 worth $222,794,000 after acquiring an additional 207,084 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Price Performance

ULTA opened at $690.37 on Friday. The company has a 50 day simple moving average of $627.78 and a two-hundred day simple moving average of $560.33. The firm has a market cap of $30.62 billion, a P/E ratio of 26.47, a PEG ratio of 3.16 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 earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating 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 company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $5.14 EPS. Ulta Beauty’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. Equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent research reports. Bank of America increased their target price on Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $732.00 price objective on shares of Ulta Beauty in a research note on Thursday, January 8th. Guggenheim restated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Raymond James Financial raised shares of Ulta Beauty from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from $605.00 to $790.00 in a report on Wednesday, January 21st. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Ulta Beauty in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $626.44.

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.