Ulta Beauty Inc. $ULTA is AMI Asset Management Corp’s 9th Largest Position

AMI Asset Management Corp reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,783 shares of the specialty retailer’s stock after selling 1,554 shares during the quarter. Ulta Beauty comprises about 3.4% of AMI Asset Management Corp’s holdings, making the stock its 9th biggest holding. AMI Asset Management Corp’s holdings in Ulta Beauty were worth $60,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULTA. Harbor Capital Advisors Inc. bought a new position in Ulta Beauty in the 3rd quarter valued at $25,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Ulta Beauty by 107.7% in the second 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 during the period. Hemington Wealth Management raised its position in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Ulta Beauty during the second quarter valued at $35,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Ulta Beauty by 52.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 26 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Argus raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective for the company in a report on Thursday, September 25th. Oppenheimer set a $675.00 target price on shares of Ulta Beauty in a research note on Wednesday, December 10th. Raymond James Financial reissued an “outperform” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Finally, Wells Fargo & Company increased their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a report on Thursday, October 16th. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $576.50.

Ulta Beauty Stock Up 0.7%

Shares of NASDAQ ULTA opened at $608.10 on Friday. The firm’s fifty day moving average is $545.42 and its 200 day moving average is $521.65. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $616.34. The company has a market cap of $26.98 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.21 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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 business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company posted $5.14 EPS. The firm’s revenue for the quarter 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 anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.