Continuum Advisory LLC Purchases 830 Shares of Ulta Beauty Inc. $ULTA

Continuum Advisory LLC boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 8.0% in the third quarter, HoldingsChannel reports. The fund owned 11,260 shares of the specialty retailer’s stock after purchasing an additional 830 shares during the quarter. Continuum Advisory LLC’s holdings in Ulta Beauty were worth $6,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Ulta Beauty by 9.4% during the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares in the last quarter. Franklin Resources Inc. increased its position in Ulta Beauty by 5.4% during the 2nd quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock valued at $272,568,000 after buying an additional 30,100 shares in the last quarter. Swedbank AB increased its position in Ulta Beauty by 6.7% during the 3rd quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after buying an additional 36,456 shares in the last quarter. Norges Bank purchased a new stake in Ulta Beauty in the second quarter valued at about $258,791,000. Finally, AQR Capital Management LLC boosted its holdings in Ulta Beauty by 76.6% in the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock worth $222,794,000 after acquiring an additional 207,084 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $604.64 on Tuesday. The stock has a market cap of $26.82 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 3.21 and a beta of 0.87. The firm has a fifty day moving average price of $548.52 and a 200 day moving average price of $524.50. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $616.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.61 by $0.53. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research analyst reports. 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 research report on Monday, December 1st. Canaccord Genuity Group upped their price target on shares of Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research note on Friday, December 5th. DA Davidson lifted their price objective on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Finally, Piper Sandler set a $615.00 target price on Ulta Beauty in a research note on Friday, December 5th. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $576.50.

About Ulta Beauty

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.