California Public Employees Retirement System Increases Position in Ulta Beauty Inc. $ULTA

California Public Employees Retirement System raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,957 shares of the specialty retailer’s stock after purchasing an additional 948 shares during the quarter. California Public Employees Retirement System owned 0.18% of Ulta Beauty worth $38,341,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after buying an additional 688,267 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty during the 2nd quarter valued at $258,791,000. JPMorgan Chase & Co. boosted its stake in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after acquiring an additional 410,900 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings 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 acquiring an additional 366,147 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Ulta Beauty by 237.7% in the 1st quarter. AQR Capital Management LLC now owns 270,420 shares of the specialty retailer’s stock worth $96,674,000 after purchasing an additional 190,353 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 0.4%

Shares of NASDAQ ULTA opened at $600.65 on Thursday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $611.90. The company has a market cap of $26.64 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 3.18 and a beta of 0.87. The stock’s 50 day simple moving average is $535.17 and its 200 day simple moving average is $510.59.

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, topping the consensus estimate of $4.61 by $0.53. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $5.14 earnings per share. 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, equities analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

ULTA has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Ulta Beauty from $600.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Wall Street Zen cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, October 8th. DA Davidson boosted their price target on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Citigroup upped their price target on Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Sixteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $575.25.

Ulta Beauty Company 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.