Aberdeen Group plc Purchases 6,551 Shares of Ulta Beauty Inc. $ULTA

Aberdeen Group plc boosted its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 18.5% during the third quarter, HoldingsChannel reports. The fund owned 42,005 shares of the specialty retailer’s stock after buying an additional 6,551 shares during the quarter. Aberdeen Group plc’s holdings in Ulta Beauty were worth $22,966,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its stake 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 in the last quarter. Harbor Capital Advisors Inc. bought a new position in Ulta Beauty in the 3rd quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC bought a new position in Ulta Beauty in the 3rd quarter worth approximately $31,000. Abich Financial Wealth Management LLC purchased a new position in Ulta Beauty in the 3rd quarter valued at approximately $31,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Ulta Beauty during the 2nd quarter valued at $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Up 3.4%

Shares of ULTA opened at $706.82 on Wednesday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $707.25. The company has a market cap of $31.35 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The stock has a 50-day moving average price of $644.40 and a 200-day moving average price of $569.54.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm posted $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. As a group, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Wall Street Analyst Weigh In

ULTA has been the topic of several recent research reports. Zacks Research downgraded Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. DA Davidson boosted their price objective on Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, December 5th. TD Cowen increased their price objective on Ulta Beauty from $725.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Canaccord Genuity Group lifted their target price on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Morgan Stanley upped their price target on Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from 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.