Swedbank AB Raises Stock Holdings in Ulta Beauty Inc. $ULTA

Swedbank AB boosted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 581,506 shares of the specialty retailer’s stock after purchasing an additional 36,456 shares during the quarter. Swedbank AB’s holdings in Ulta Beauty were worth $317,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC grew its position in shares of Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after buying an additional 28 shares in the last quarter. Hemington Wealth Management boosted its stake in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Ulta Beauty during the 2nd quarter valued at $35,000. Ransom Advisory Ltd bought a new position in Ulta Beauty during the 1st quarter valued at $36,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in Ulta Beauty by 52.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 26 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ULTA. Guggenheim restated a “neutral” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Canaccord Genuity Group boosted their price objective on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a report on Friday, December 5th. TD Cowen raised Ulta Beauty from a “hold” rating to a “buy” rating and increased their target price for the stock from $600.00 to $725.00 in a report on Monday, December 8th. Piper Sandler set a $615.00 target price on Ulta Beauty in a research report on Friday, December 5th. Finally, Barclays reissued an “overweight” rating and set a $647.00 price target on shares of Ulta Beauty in a research report on Friday, December 5th. Sixteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and a consensus target price of $576.50.

Ulta Beauty Price Performance

Shares of ULTA opened at $604.09 on Wednesday. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $616.34. The stock has a fifty day moving average price of $542.62 and a 200 day moving average price of $520.43. The company has a market cap of $26.80 billion, a P/E ratio of 23.16, a PEG ratio of 3.24 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results 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. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty 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.