Ulta Beauty (NASDAQ:ULTA) Releases Quarterly Earnings Results

Ulta Beauty (NASDAQ:ULTA) posted its quarterly earnings data on Thursday. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53, FiscalAI reports. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.14 earnings per share. Ulta Beauty updated its FY 2025 guidance to 25.200-25.500 EPS.

Ulta Beauty Stock Down 1.9%

ULTA opened at $533.95 on Friday. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $572.23. The business’s 50 day moving average is $531.45 and its two-hundred day moving average is $504.63. The firm has a market cap of $23.94 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 3.60 and a beta of 0.87.

Hedge Funds Weigh In On Ulta Beauty

A number of institutional investors have recently modified their holdings of ULTA. Invesco Ltd. boosted its stake in Ulta Beauty by 33.6% during the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after purchasing an additional 211,485 shares during the period. Caisse de depot et placement du Quebec increased its stake in Ulta Beauty by 249.8% in the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after purchasing an additional 211,266 shares during the period. AQR Capital Management LLC raised its holdings in shares of Ulta Beauty by 76.6% in the second quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock valued at $222,794,000 after buying an additional 207,084 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Ulta Beauty by 74.6% in the third quarter. Alyeska Investment Group L.P. now owns 456,613 shares of the specialty retailer’s stock valued at $249,653,000 after buying an additional 195,041 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Ulta Beauty by 113.5% during the third quarter. Ameriprise Financial Inc. now owns 213,134 shares of the specialty retailer’s stock worth $116,558,000 after buying an additional 113,319 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ULTA. JPMorgan Chase & Co. boosted their price target on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a report on Monday. Barclays restated an “overweight” rating and issued a $647.00 price target on shares of Ulta Beauty in a research note on Friday. Citigroup upped their price target on Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target on the stock in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $551.96.

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.