Candriam S.C.A. Boosts Holdings in Ulta Beauty Inc. $ULTA

Candriam S.C.A. raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 24.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,849 shares of the specialty retailer’s stock after buying an additional 6,118 shares during the period. Candriam S.C.A. owned about 0.07% of Ulta Beauty worth $16,867,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. State of Wyoming increased its stake in shares of Ulta Beauty by 10.5% in the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 20 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Ulta Beauty by 1.8% during the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after purchasing an additional 21 shares during the period. ORG Partners LLC increased its position in Ulta Beauty by 15.0% in the third quarter. ORG Partners LLC now owns 176 shares of the specialty retailer’s stock worth $96,000 after buying an additional 23 shares in the last quarter. OFI Invest Asset Management increased its position in Ulta Beauty by 6.8% in the second quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock worth $175,000 after buying an additional 24 shares in the last quarter. Finally, Richard W. Paul & Associates LLC raised its stake in shares of Ulta Beauty by 0.8% in the second quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after buying an additional 24 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on Ulta Beauty from $675.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. DA Davidson upped their price target on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. B. Riley Financial reissued a “neutral” rating on shares of Ulta Beauty in a research note on Monday, December 8th. Bank of America raised their price objective on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, Barclays restated an “overweight” rating and set a $680.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 6th. Two 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $626.44.

Ulta Beauty Stock Up 0.9%

Shares of Ulta Beauty stock opened at $696.25 on Tuesday. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 26.70, a PEG ratio of 3.22 and a beta of 0.85. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $700.81. The business has a 50-day moving average price of $630.75 and a 200-day moving average price of $562.39.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating 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 period in the prior year, the company earned $5.14 earnings per share. The firm’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, equities analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

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.