Amundi Buys 95,320 Shares of Ulta Beauty Inc. $ULTA

Amundi grew its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 27.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 448,546 shares of the specialty retailer’s stock after acquiring an additional 95,320 shares during the period. Amundi’s holdings in Ulta Beauty were worth $212,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after purchasing an additional 688,267 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after buying an additional 366,147 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after buying an additional 410,900 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ulta Beauty by 10.9% during the first quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock worth $298,231,000 after buying an additional 79,666 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Ulta Beauty by 9.4% in the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock valued at $306,234,000 after acquiring an additional 56,063 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ULTA. The Goldman Sachs Group lifted their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Cowen reiterated a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Robert W. Baird increased their price target on Ulta Beauty from $600.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $640.00 price objective (up from $610.00) on shares of Ulta Beauty in a report on Monday, December 1st. Finally, Piper Sandler set a $615.00 target price on Ulta Beauty in a research report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $560.88.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $601.50 on Friday. The business has a fifty day moving average price of $532.44 and a two-hundred day moving average price of $506.60. The stock has a market capitalization of $26.97 billion, a PE ratio of 23.06, a PEG ratio of 3.97 and a beta of 0.87. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $611.90.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 47.46% and a net margin of 9.93%.Ulta Beauty’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.