Ulta Beauty Inc. $ULTA Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 266.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,853 shares of the specialty retailer’s stock after purchasing an additional 7,161 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Ulta Beauty were worth $5,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB lifted its position in shares of 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 acquiring an additional 36,456 shares during the last quarter. Keybank National Association OH raised its position in shares of Ulta Beauty by 1.6% during the third quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock worth $73,204,000 after purchasing an additional 2,121 shares during the period. Rakuten Investment Management Inc. purchased a new stake in shares of Ulta Beauty during the third quarter valued at $71,997,000. Assenagon Asset Management S.A. lifted its holdings in shares of Ulta Beauty by 90.1% during the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after purchasing an additional 17,365 shares during the last quarter. Finally, Stance Capital LLC purchased a new stake in Ulta Beauty during the second quarter valued at about $3,809,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $678.64 on Thursday. The firm’s 50-day simple moving average is $621.92 and its 200-day simple moving average is $558.16. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $695.34. The firm has a market cap of $30.10 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.14 and a beta of 0.85.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Telsey Advisory Group restated an “outperform” rating and issued a $640.00 price objective (up previously from $610.00) on shares of Ulta Beauty in a report on Monday, December 1st. Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research report 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 stock an “overweight” rating in a research note on Monday, December 1st. Finally, Bank of America boosted their price objective on Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $626.44.

Ulta Beauty Company 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.