KLP Kapitalforvaltning AS Raises Stock Position in Ulta Beauty Inc. $ULTA

KLP Kapitalforvaltning AS boosted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 98.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,716 shares of the specialty retailer’s stock after purchasing an additional 17,700 shares during the period. KLP Kapitalforvaltning AS owned about 0.08% of Ulta Beauty worth $19,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new stake in Ulta Beauty in the 3rd quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Ulta Beauty by 107.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 28 shares during the period. Hemington Wealth Management lifted its stake in shares of Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Ulta Beauty during the second quarter worth $35,000. Finally, Newbridge Financial Services Group Inc. grew its position in Ulta Beauty by 52.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 26 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ULTA has been the subject of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $640.00 price objective (up previously from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. Cowen raised Ulta Beauty from a “hold” rating to a “buy” rating in a report on Monday, December 8th. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Zacks Research raised Ulta Beauty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $587.04.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $655.36 on Thursday. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $658.20. The firm has a market capitalization of $29.07 billion, a PE ratio of 25.13, a P/E/G ratio of 3.43 and a beta of 0.85. The business’s 50 day moving average price is $563.29 and its 200-day moving average price is $531.68.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share 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 analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $5.14 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty Company 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.