ING Groep NV Acquires New Holdings in Ulta Beauty Inc. $ULTA

ING Groep NV bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,413 shares of the specialty retailer’s stock, valued at approximately $7,334,000.

A number of other institutional investors have also made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC boosted its position in shares of Ulta Beauty by 107.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Ulta Beauty during the third quarter worth $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the third quarter valued at $31,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $35,000. Finally, Newbridge Financial Services Group Inc. boosted 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 valued at $36,000 after acquiring an additional 26 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 2.3%

Shares of ULTA opened at $667.18 on Friday. The firm has a market capitalization of $29.60 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.19 and a beta of 0.85. The firm’s fifty day simple moving average is $638.81 and its 200-day simple moving average is $565.10. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $700.81.

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Robert W. Baird set a $700.00 price target on shares of Ulta Beauty in a research note on Wednesday, December 17th. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $640.00 price target (up previously from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. Raymond James Financial raised 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 report on Wednesday, January 21st. Finally, Barclays reiterated an “overweight” rating and issued a $680.00 target price on shares of Ulta Beauty in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.