EFG Asset Management North America Corp. Increases Holdings in Ulta Beauty Inc. $ULTA

EFG Asset Management North America Corp. increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 24.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 5,919 shares of the specialty retailer’s stock after buying an additional 1,145 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Ulta Beauty were worth $3,237,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Ulta Beauty in the third quarter worth about $25,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of 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 during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter worth approximately $31,000. Hemington Wealth Management raised its holdings in shares of Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 40 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ulta Beauty in the second quarter valued at approximately $35,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 3.6%

ULTA stock opened at $661.34 on Tuesday. The stock has a 50-day simple moving average of $601.96 and a two-hundred day simple moving average of $550.21. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $695.34. The firm has a market capitalization of $29.34 billion, a PE ratio of 25.36, a PEG ratio of 3.56 and a beta of 0.85.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Ulta Beauty in a research report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 target price for the company. Oppenheimer lifted their price objective on Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. UBS Group boosted their price objective on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Wells Fargo & Company increased their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research report on Thursday, October 16th. Finally, TD Cowen lifted their target price on shares of Ulta Beauty from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $620.04.

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.