Ulta Beauty Inc. $ULTA Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 38.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,919 shares of the specialty retailer’s stock after acquiring an additional 5,545 shares during the quarter. Cibc World Market Inc.’s holdings in Ulta Beauty were worth $10,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ULTA. Swedbank AB boosted its holdings in Ulta Beauty by 6.7% in the 3rd 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 in the last quarter. Keybank National Association OH lifted its holdings in shares of Ulta Beauty by 1.6% in the 3rd quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after buying an additional 2,121 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $71,997,000. Assenagon Asset Management S.A. boosted its stake in shares of Ulta Beauty by 90.1% in the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after buying an additional 17,365 shares in the last quarter. Finally, Generali Asset Management SPA SGR grew its holdings in Ulta Beauty by 2,732.7% during the third quarter. Generali Asset Management SPA SGR now owns 4,164 shares of the specialty retailer’s stock worth $2,277,000 after acquiring an additional 4,017 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Up 2.4%

NASDAQ ULTA opened at $683.40 on Friday. The stock has a market cap of $30.32 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.85. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $700.81. The business has a fifty day moving average of $640.45 and a 200-day moving average of $566.24.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $5.14 EPS. The firm’s revenue for the quarter 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, analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of recent analyst reports. Raymond James Financial raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $605.00 to $790.00 in a report on Wednesday, January 21st. Argus raised their price objective on shares of Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. Jefferies Financial Group initiated coverage on shares of Ulta Beauty in a report on Wednesday, January 14th. They set a “hold” rating and a $700.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, DA Davidson boosted their price target on Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.