AMJ Financial Wealth Management Makes New $956,000 Investment in Ulta Beauty Inc. $ULTA

AMJ Financial Wealth Management purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,748 shares of the specialty retailer’s stock, valued at approximately $956,000.

A number of other hedge funds have also recently bought and sold shares of ULTA. Harbor Capital Advisors Inc. bought a new position in Ulta Beauty during the third quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC lifted its holdings 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 purchasing an additional 28 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the third quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new position in Ulta Beauty in the 3rd quarter valued at $31,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ulta Beauty during the second quarter worth about $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 1.4%

Shares of ULTA opened at $682.89 on Friday. The company has a market capitalization of $30.29 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The business’s 50 day moving average is $649.79 and its 200 day moving average is $572.83. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 EPS 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 business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business earned $5.14 earnings per share. Ulta Beauty’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. Equities research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore lifted their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. TD Cowen boosted their target price on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Raymond James Financial increased their price target on shares of Ulta Beauty from $647.00 to $800.00 and gave the stock a “strong-buy” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $700.00 price objective on Ulta Beauty in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $626.84.

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.