Renaissance Group LLC Acquires Shares of 66,187 Ulta Beauty Inc. $ULTA

Renaissance Group LLC bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,187 shares of the specialty retailer’s stock, valued at approximately $36,188,000. Ulta Beauty makes up about 1.4% of Renaissance Group LLC’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Ulta Beauty in the 3rd quarter worth $25,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Ulta Beauty by 107.7% in the second 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 third quarter worth about $31,000. Hemington Wealth Management lifted its position in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after buying an additional 40 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Ulta Beauty during the second quarter valued at approximately $35,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

ULTA opened at $690.37 on Friday. The stock’s 50 day moving average price is $627.78 and its 200-day moving average price is $560.33. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $695.34. The stock has a market cap of $30.62 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 3.16 and a beta of 0.85.

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, beating 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 company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the business earned $5.14 EPS. Ulta Beauty’s 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. As a group, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ULTA shares. Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Canaccord Genuity Group boosted their price target on shares of Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft set a $732.00 price target on shares of Ulta Beauty in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Finally, 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 research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.