10,995 Shares in Ulta Beauty Inc. $ULTA Purchased by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,995 shares of the specialty retailer’s stock, valued at approximately $6,012,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Ulta Beauty by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,353,414 shares of the specialty retailer’s stock valued at $2,926,979,000 after acquiring an additional 33,674 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Ulta Beauty by 9.4% during the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares during the last quarter. Franklin Resources Inc. lifted its position in Ulta Beauty by 5.4% during the second quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock valued at $272,568,000 after purchasing an additional 30,100 shares during the period. Swedbank AB boosted its holdings in Ulta Beauty by 6.7% in the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after purchasing an additional 36,456 shares during the last quarter. Finally, Norges Bank acquired a new stake in Ulta Beauty during the 2nd quarter worth about $258,791,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several analyst reports. TD Cowen boosted their price objective on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. B. Riley Financial reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. Zacks Research lowered Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Raymond James Financial raised their price objective on shares of Ulta Beauty from $647.00 to $800.00 and gave the stock a “strong-buy” rating in a research note on Friday. Finally, Bank of America lifted their target price on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $626.84.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $682.89 on Friday. The stock has a market capitalization of $30.29 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The business has a 50 day simple moving average of $649.79 and a 200-day simple moving average of $572.83. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

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.