Krilogy Financial LLC Takes $880,000 Position in Ulta Beauty Inc. $ULTA

Krilogy Financial LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,687 shares of the specialty retailer’s stock, valued at approximately $880,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in shares of Ulta Beauty by 9.4% during the 2nd quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock valued at $306,234,000 after acquiring an additional 56,063 shares during the period. Franklin Resources Inc. raised its stake in Ulta Beauty by 5.4% in the second quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock valued at $272,568,000 after purchasing an additional 30,100 shares in the last quarter. Swedbank AB raised its stake in Ulta Beauty by 6.7% in the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after purchasing an additional 36,456 shares in the last quarter. Norges Bank bought a new stake in Ulta Beauty during the second quarter worth about $258,791,000. Finally, AQR Capital Management LLC grew its stake in Ulta Beauty by 76.6% during the second 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 in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $683.40 on Friday. The company has a fifty day moving average of $640.45 and a 200-day moving average of $566.24. The company has a market capitalization of $30.32 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.85. Ulta Beauty Inc. has a 52-week low of $309.01 and a 52-week high of $700.81.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the business posted $5.14 EPS. Ulta Beauty’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. On average, equities analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. TD Cowen boosted their target price on shares of Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Telsey Advisory Group reissued 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. Oppenheimer boosted their price objective on shares of Ulta Beauty from $675.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Morgan Stanley raised their target price on Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, UBS Group lifted their price target on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $626.44.

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.