BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 40,087 Shares of Ulta Beauty Inc. $ULTA

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 50.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,797 shares of the specialty retailer’s stock after buying an additional 40,087 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.26% of Ulta Beauty worth $64,563,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ULTA. Cary Street Partners Investment Advisory LLC lifted its position in shares of 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 valued at $25,000 after acquiring an additional 28 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Ulta Beauty in the third quarter valued at $25,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Ulta Beauty during the third quarter valued at about $31,000. Abich Financial Wealth Management LLC bought a new position in shares of Ulta Beauty during the 3rd quarter worth about $31,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Ulta Beauty during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA opened at $692.79 on Friday. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $714.97. The firm has a market capitalization of $30.73 billion, a P/E ratio of 26.56, a PEG ratio of 3.22 and a beta of 0.85. The company’s 50-day moving average is $648.17 and its 200 day moving average is $571.23.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business 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 firm posted $5.14 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Zacks Research lowered Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Morgan Stanley boosted their price objective on Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $640.00 target price (up from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. UBS Group lifted their price target on shares of Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Finally, Raymond James Financial upgraded shares of Ulta Beauty from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $605.00 to $790.00 in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.