BI Asset Management Fondsmaeglerselskab A S Has $38.06 Million Position in Ulta Beauty Inc. $ULTA

BI Asset Management Fondsmaeglerselskab A S increased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 70.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,614 shares of the specialty retailer’s stock after acquiring an additional 28,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ulta Beauty were worth $38,061,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ULTA. Swedbank AB lifted its holdings in Ulta Beauty by 6.7% in the third 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 during the period. Keybank National Association OH grew its holdings in Ulta Beauty by 1.6% during the 3rd quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock worth $73,204,000 after acquiring an additional 2,121 shares during the period. Rakuten Investment Management Inc. bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at $71,997,000. Assenagon Asset Management S.A. raised its position in shares of Ulta Beauty by 90.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after acquiring an additional 17,365 shares during the last quarter. Finally, Stance Capital LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $3,809,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

ULTA opened at $678.64 on Thursday. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.14 and a beta of 0.85. The business’s 50-day moving average price is $621.92 and its two-hundred day moving average price is $558.16. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $695.34.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the company earned $5.14 earnings per share. Ulta Beauty’s quarterly revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ULTA shares. Wells Fargo & Company lifted their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. B. Riley restated a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. Argus upped their price target on Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, January 2nd. Robert W. Baird set a $700.00 price objective on shares of Ulta Beauty in a research note on Wednesday, December 17th. Finally, Piper Sandler restated an “overweight” rating and set a $775.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $626.44.

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.