8,143 Shares in Ulta Beauty Inc. $ULTA Bought by Stance Capital LLC

Stance Capital LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to its most recent filing with the SEC. The fund purchased 8,143 shares of the specialty retailer’s stock, valued at approximately $3,809,000. Ulta Beauty comprises about 1.4% of Stance Capital LLC’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in ULTA. Public Sector Pension Investment Board lifted its position in shares of Ulta Beauty by 6.3% in the first quarter. Public Sector Pension Investment Board now owns 6,269 shares of the specialty retailer’s stock worth $2,298,000 after buying an additional 371 shares in the last quarter. Resona Asset Management Co. Ltd. increased its stake in Ulta Beauty by 1.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 15,153 shares of the specialty retailer’s stock worth $5,538,000 after acquiring an additional 258 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Ulta Beauty by 37.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,348 shares of the specialty retailer’s stock worth $494,000 after acquiring an additional 367 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ulta Beauty by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 481,698 shares of the specialty retailer’s stock valued at $176,529,000 after purchasing an additional 15,114 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings in shares of Ulta Beauty by 89.0% in the first quarter. Aberdeen Group plc now owns 33,851 shares of the specialty retailer’s stock valued at $12,232,000 after purchasing an additional 15,943 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. The Goldman Sachs Group increased their price target on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 29th. TD Cowen upgraded Ulta Beauty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $600.00 to $725.00 in a research report on Monday, December 8th. Raymond James Financial restated an “outperform” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Finally, Wall Street Zen lowered Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Sixteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $575.25.

Ulta Beauty Stock Performance

ULTA opened at $601.59 on Friday. The stock’s 50 day moving average price is $536.79 and its 200-day moving average price is $513.16. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $611.90. The stock has a market cap of $26.69 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 3.17 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the business earned $5.14 EPS. Ulta Beauty’s 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, analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

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.