Ulta Beauty Inc. $ULTA Shares Purchased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 64.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 931,557 shares of the specialty retailer’s stock after buying an additional 366,147 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.06% of Ulta Beauty worth $341,453,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new position in Ulta Beauty in the first quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in Ulta Beauty in the first quarter worth approximately $31,000. Rakuten Securities Inc. grew its position in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after buying an additional 59 shares during the last quarter. North Star Investment Management Corp. grew its position in Ulta Beauty by 71.4% in the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer’s stock worth $35,000 after buying an additional 40 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in Ulta Beauty in the first quarter worth approximately $37,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. DA Davidson lifted their price target on shares of Ulta Beauty from $550.00 to $585.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Evercore ISI raised their price objective on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. Robert W. Baird raised their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Twelve equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $475.17.

Ulta Beauty Stock Up 0.0%

Shares of NASDAQ:ULTA opened at $516.69 on Thursday. The firm has a fifty day moving average of $491.57 and a two-hundred day moving average of $420.54. The firm has a market capitalization of $23.23 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 3.11 and a beta of 1.12. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $534.10.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.97. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $6.47 EPS. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. Equities research analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.