Compass Wealth Management LLC Acquires New Position in Ulta Beauty Inc. $ULTA

Compass Wealth Management LLC acquired a new stake in 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 institutional investor acquired 34,728 shares of the specialty retailer’s stock, valued at approximately $18,988,000. Ulta Beauty comprises about 2.2% of Compass Wealth Management LLC’s portfolio, making the stock its 9th largest position. Compass Wealth Management LLC owned approximately 0.08% of Ulta Beauty at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB lifted its stake in shares of 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 during the last quarter. Keybank National Association OH increased its position in shares of Ulta Beauty by 1.6% during the 3rd quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock worth $73,204,000 after purchasing an additional 2,121 shares during the last quarter. Rakuten Investment Management Inc. purchased a new stake in Ulta Beauty in the 3rd quarter valued at about $71,997,000. Assenagon Asset Management S.A. lifted its position in 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 during the last quarter. Finally, Stance Capital LLC purchased a new position in Ulta Beauty during the second quarter worth about $3,809,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Ulta Beauty in a research note on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price target on the stock. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $640.00 price target (up from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. UBS Group lifted their price objective on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $626.44.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $692.79 on Friday. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $714.97. The company has a market cap of $30.73 billion, a PE ratio of 26.56, a P/E/G ratio of 3.22 and a beta of 0.85. The business has a 50-day simple moving average of $648.17 and a 200-day simple moving average of $571.23.

Ulta Beauty (NASDAQ:ULTA) last issued 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 for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company earned $5.14 earnings per share. The firm’s 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, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

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.