Diamond Hill Capital Management Inc. Has $19.97 Million Stock Holdings in Ulta Beauty Inc. $ULTA

Diamond Hill Capital Management Inc. trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 37.1% during the third quarter, HoldingsChannel.com reports. The fund owned 36,532 shares of the specialty retailer’s stock after selling 21,505 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Ulta Beauty were worth $19,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Wace LLP raised its position in shares of Ulta Beauty by 9.4% during the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares during the period. Franklin Resources Inc. lifted its stake in Ulta Beauty by 5.4% in the 2nd quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock valued at $272,568,000 after acquiring an additional 30,100 shares in the last quarter. Swedbank AB boosted its position in Ulta Beauty by 6.7% during the 3rd quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after acquiring an additional 36,456 shares during the last quarter. Norges Bank bought a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $258,791,000. Finally, 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 purchasing an additional 207,084 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $690.37 on Friday. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 3.22 and a beta of 0.85. The stock’s fifty day moving average price is $627.78 and its two-hundred day moving average price is $560.74. Ulta Beauty Inc. has a one year low of $309.01 and a one year high of $695.34.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. Ulta Beauty’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. Barclays reissued an “overweight” rating and set a $680.00 price target on shares of Ulta Beauty in a research report on Tuesday, January 6th. Raymond James Financial upgraded Ulta Beauty from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $605.00 to $790.00 in a research note on Wednesday, January 21st. UBS Group boosted their target price on shares of Ulta Beauty from $690.00 to $780.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $626.44.

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.