Patton Fund Management Inc. Purchases 8,370 Shares of Ulta Beauty Inc. $ULTA

Patton Fund Management Inc. boosted its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 1,460.7% in the third quarter, Holdings Channel.com reports. The firm owned 8,943 shares of the specialty retailer’s stock after purchasing an additional 8,370 shares during the quarter. Ulta Beauty comprises 0.9% of Patton Fund Management Inc.’s portfolio, making the stock its 17th biggest holding. Patton Fund Management Inc.’s holdings in Ulta Beauty were worth $4,890,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Ulta Beauty during the second quarter worth about $258,791,000. AQR Capital Management LLC boosted its position in Ulta Beauty by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock worth $222,794,000 after buying an additional 207,084 shares during the period. Interval Partners LP boosted its position in Ulta Beauty by 2,962.9% during the 1st quarter. Interval Partners LP now owns 191,828 shares of the specialty retailer’s stock worth $70,313,000 after buying an additional 185,565 shares during the period. Swedbank AB grew its holdings in Ulta Beauty by 46.1% during the 1st quarter. Swedbank AB now owns 464,316 shares of the specialty retailer’s stock worth $170,190,000 after acquiring an additional 146,402 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in Ulta Beauty in the 2nd quarter valued at approximately $62,170,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ULTA shares. Evercore ISI lifted their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Jefferies Financial Group upped their price target on Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. TD Cowen raised Ulta Beauty from a “hold” rating to a “buy” rating and increased their price target for the company from $600.00 to $725.00 in a research note on Monday, December 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $640.00 price objective (up from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Trading Up 2.5%

Shares of Ulta Beauty stock opened at $612.95 on Tuesday. The business has a 50-day moving average price of $541.35 and a two-hundred day moving average price of $519.46. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $613.16. The company has a market cap of $27.19 billion, a P/E ratio of 23.50, a PEG ratio of 3.16 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last announced 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 for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $5.14 EPS. The firm’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. Equities research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

About Ulta Beauty

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.