Jones Financial Companies Lllp Grows Position in Ulta Beauty Inc. $ULTA

Jones Financial Companies Lllp increased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 13.6% during the third quarter, Holdings Channel reports. The institutional investor owned 49,321 shares of the specialty retailer’s stock after acquiring an additional 5,910 shares during the period. Jones Financial Companies Lllp’s holdings in Ulta Beauty were worth $27,215,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 21 shares in the last quarter. ORG Partners LLC grew its stake in Ulta Beauty by 15.0% in the 3rd quarter. ORG Partners LLC now owns 176 shares of the specialty retailer’s stock valued at $96,000 after acquiring an additional 23 shares during the last quarter. OFI Invest Asset Management increased its holdings in Ulta Beauty by 6.8% during the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 24 shares in the last quarter. Richard W. Paul & Associates LLC raised its position in Ulta Beauty by 0.8% during the second quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after acquiring an additional 24 shares during the last quarter. Finally, DNB Asset Management AS raised its position in Ulta Beauty by 0.3% during the second quarter. DNB Asset Management AS now owns 9,411 shares of the specialty retailer’s stock worth $4,403,000 after acquiring an additional 25 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ULTA shares. Canaccord Genuity Group upped their target price on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Oppenheimer upped their price objective on Ulta Beauty from $675.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, January 21st. TD Cowen upped their target price on shares of Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Argus lifted their price target on shares of Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $626.44.

Ulta Beauty Trading Up 1.2%

NASDAQ:ULTA opened at $673.39 on Wednesday. The firm’s fifty day simple moving average is $619.05 and its 200 day simple moving average is $557.31. 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 $29.87 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.10 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its 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 the consensus estimate of $2.70 billion. During the same period in the prior year, the firm earned $5.14 earnings per share. The business’s quarterly revenue 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. On average, analysts predict 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.