Ulta Beauty Inc. $ULTA Shares Acquired by Keybank National Association OH

Keybank National Association OH increased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 133,889 shares of the specialty retailer’s stock after acquiring an additional 2,121 shares during the quarter. Keybank National Association OH’s holdings in Ulta Beauty were worth $73,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in 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 valued at $25,000 after acquiring an additional 28 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Ulta Beauty during the 3rd quarter valued at approximately $25,000. Hemington Wealth Management lifted its stake in shares of Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Grey Fox Wealth Advisors LLC purchased a new stake in Ulta Beauty during the third quarter worth $31,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Ulta Beauty during the second quarter valued at $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $647.36 on Friday. The stock’s 50 day simple moving average is $612.98 and its 200-day simple moving average is $553.76. The stock has a market cap of $28.72 billion, a P/E ratio of 24.82, a P/E/G ratio of 3.27 and a beta of 0.85. 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 results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm earned $5.14 EPS. The company’s quarterly 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, research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of several recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Zacks Research upgraded Ulta Beauty from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. B. Riley reissued a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. Evercore ISI boosted their price objective on Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $775.00 target price on shares of Ulta Beauty in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has an average 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.