Envestnet Asset Management Inc. Increases Stock Position in Ulta Beauty Inc. $ULTA

Envestnet Asset Management Inc. lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 4.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 60,559 shares of the specialty retailer’s stock after purchasing an additional 2,413 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of Ulta Beauty worth $33,111,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its position in shares of Ulta Beauty by 266.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 9,853 shares of the specialty retailer’s stock worth $5,387,000 after acquiring an additional 7,161 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Ulta Beauty by 3,233.3% during the third quarter. Cornerstone Planning Group LLC now owns 600 shares of the specialty retailer’s stock worth $328,000 after purchasing an additional 582 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Ulta Beauty by 979.1% in the third quarter. Allianz Asset Management GmbH now owns 74,201 shares of the specialty retailer’s stock worth $40,569,000 after buying an additional 67,325 shares during the period. Callan Family Office LLC boosted its holdings in Ulta Beauty by 10.5% in the 3rd quarter. Callan Family Office LLC now owns 1,264 shares of the specialty retailer’s stock worth $691,000 after acquiring an additional 120 shares during the period. Finally, Simmons Bank boosted its position in Ulta Beauty by 1.9% in the 3rd quarter. Simmons Bank now owns 6,000 shares of the specialty retailer’s stock valued at $3,281,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.6%

Shares of NASDAQ:ULTA opened at $683.05 on Thursday. The stock has a market capitalization of $30.30 billion, a PE ratio of 26.19, a P/E/G ratio of 3.17 and a beta of 0.85. The firm has a fifty day moving average price of $636.14 and a 200 day moving average price of $564.39. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $700.81.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $5.14 EPS. The business’s quarterly 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, sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Barclays reaffirmed an “overweight” rating and set a $680.00 target price on shares of Ulta Beauty in a report on Tuesday, January 6th. TD Cowen boosted their target price on shares of Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Morgan Stanley increased their price target on Ulta Beauty from $640.00 to $750.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Jefferies Financial Group began coverage on shares of Ulta Beauty in a research report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $626.44.

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.