Mondrian Investment Partners LTD Takes Position in Ulta Beauty Inc. $ULTA

Mondrian Investment Partners LTD purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, HoldingsChannel reports. The firm purchased 1,971 shares of the specialty retailer’s stock, valued at approximately $1,078,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. State of Wyoming boosted its position in Ulta Beauty by 10.5% in the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock valued at $115,000 after buying an additional 20 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Ulta Beauty by 1.8% during the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after acquiring an additional 21 shares in the last quarter. Hardy Reed LLC boosted its holdings in shares of Ulta Beauty by 3.0% in the third quarter. Hardy Reed LLC now owns 767 shares of the specialty retailer’s stock valued at $419,000 after purchasing an additional 22 shares during the period. Stratos Wealth Partners LTD. grew its stake in Ulta Beauty by 3.9% in the third quarter. Stratos Wealth Partners LTD. now owns 587 shares of the specialty retailer’s stock worth $321,000 after purchasing an additional 22 shares in the last quarter. Finally, ORG Partners LLC grew its stake in Ulta Beauty by 15.0% in the third quarter. ORG Partners LLC now owns 176 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 2.4%

NASDAQ ULTA opened at $683.40 on Tuesday. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $700.81. The company has a 50 day moving average price of $642.33 and a 200 day moving average price of $568.14. The firm has a market cap of $30.32 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results 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. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate 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 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 research analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Cowen lifted their target price on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Barclays restated an “overweight” rating and issued a $680.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft set a $732.00 price objective on shares of Ulta Beauty in a research note on Thursday, January 8th. Bank of America raised their target price on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. One equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.