Caprock Group LLC Acquires New Shares in Ulta Beauty Inc. $ULTA

Caprock Group LLC bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,584 shares of the specialty retailer’s stock, valued at approximately $5,787,000.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its stake in 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 buying an additional 28 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $31,000. Elevation Point Wealth Partners LLC acquired a new stake in Ulta Beauty in the 2nd quarter valued at $35,000. Finally, Newbridge Financial Services Group Inc. lifted its position in Ulta Beauty by 52.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock worth $36,000 after buying an additional 26 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ULTA shares. Argus upped their target price on Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. DA Davidson increased their price objective on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a report on Friday, December 5th. Evercore raised their target price on shares of Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Barclays reaffirmed an “overweight” rating and set a $680.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $775.00 target price on shares of Ulta Beauty in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.44.

Ulta Beauty Stock Up 0.6%

NASDAQ ULTA opened at $683.05 on Thursday. The company has a market cap of $30.30 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 3.17 and a beta of 0.85. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $700.81. The firm’s 50-day simple moving average is $636.14 and its two-hundred day simple moving average is $564.39.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share 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 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 was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities research analysts anticipate that Ulta Beauty Inc. will post 23.96 EPS for the current year.

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.