Mitsubishi UFJ Asset Management Co. Ltd. Trims Stock Holdings in Ulta Beauty Inc. $ULTA

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,753 shares of the specialty retailer’s stock after selling 1,419 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Ulta Beauty worth $53,993,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Cary Street Partners Investment Advisory LLC grew its position in 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 last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty in the third quarter valued at about $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth about $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of Ulta Beauty during the third quarter worth about $31,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Ulta Beauty in the 2nd quarter valued at about $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

ULTA opened at $684.79 on Friday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $714.97. The stock has a market cap of $30.38 billion, a P/E ratio of 26.26, a P/E/G ratio of 3.19 and a beta of 0.85. The stock’s 50 day simple moving average is $659.05 and its 200 day simple moving average is $579.02.

Ulta Beauty (NASDAQ:ULTA) last posted its 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. 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 period in the previous year, the business earned $5.14 earnings per share. Ulta Beauty’s quarterly revenue was up 12.9% compared to the same quarter last year. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Analyst Ratings Changes

ULTA has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on Ulta Beauty in a research report on Wednesday, January 14th. They set a “hold” rating and a $700.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. 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. DA Davidson raised their target price on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Raymond James Financial lifted their target price on shares of Ulta Beauty from $647.00 to $800.00 and gave the company a “strong-buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $626.84.

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.