Ulta Beauty Inc. $ULTA Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 266.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,853 shares of the specialty retailer’s stock after acquiring an additional 7,161 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Ulta Beauty were worth $5,387,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ULTA. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty in the third quarter worth about $25,000. Cary Street Partners Investment Advisory LLC lifted its position in Ulta Beauty by 107.7% during 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 in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $31,000. Hemington Wealth Management grew its position in 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 stake in Ulta Beauty in the second quarter valued at approximately $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 0.8%

Shares of NASDAQ ULTA opened at $678.64 on Thursday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $695.34. The company has a market cap of $30.10 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 3.14 and a beta of 0.85. The stock’s 50 day simple moving average is $621.92 and its 200 day simple moving average is $558.16.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $5.14 EPS. 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. As a group, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ULTA. Telsey Advisory Group restated an “outperform” rating and issued a $640.00 target price (up from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. Raymond James Financial upgraded shares of Ulta Beauty from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $605.00 to $790.00 in a report on Wednesday, January 21st. Jefferies Financial Group initiated coverage on Ulta Beauty in a research note on Wednesday, January 14th. They set a “hold” rating and a $700.00 target price for the company. Robert W. Baird set a $700.00 target price on Ulta Beauty in a research report on Wednesday, December 17th. Finally, Canaccord Genuity Group increased their price target on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.