National Pension Service Buys New Stake in Ulta Beauty Inc. $ULTA

National Pension Service purchased a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,834 shares of the specialty retailer’s stock, valued at approximately $1,549,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Ulta Beauty in the third quarter worth about $25,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Ulta Beauty by 107.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 28 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $31,000. Hemington Wealth Management boosted its holdings in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Ulta Beauty during the second quarter valued at approximately $35,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 1.2%

ULTA stock opened at $673.39 on Wednesday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $695.34. The firm has a market capitalization of $29.87 billion, a PE ratio of 25.82, a P/E/G ratio of 3.10 and a beta of 0.85. The firm has a 50-day moving average of $619.05 and a two-hundred day moving average of $557.31.

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, topping the consensus estimate of $4.61 by $0.53. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $5.14 earnings per share. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of research analyst reports. Evercore ISI upped their target price on Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. DA Davidson upped their price objective on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a report on Friday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $640.00 target price (up previously from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. Oppenheimer boosted their price target on shares of Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Piper Sandler restated an “overweight” rating and set a $775.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 27th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $626.44.

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.