Hudson Bay Capital Management LP Acquires New Shares in Ulta Beauty Inc. $ULTA

Hudson Bay Capital Management LP acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 132,892 shares of the specialty retailer’s stock, valued at approximately $62,170,000. Ulta Beauty accounts for about 0.2% of Hudson Bay Capital Management LP’s portfolio, making the stock its 29th biggest holding. Hudson Bay Capital Management LP owned approximately 0.30% of Ulta Beauty as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Townsquare Capital LLC boosted its stake in shares of Ulta Beauty by 18.0% during the first quarter. Townsquare Capital LLC now owns 2,972 shares of the specialty retailer’s stock valued at $1,089,000 after purchasing an additional 453 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Ulta Beauty by 6.3% during the 1st quarter. Public Sector Pension Investment Board now owns 6,269 shares of the specialty retailer’s stock valued at $2,298,000 after acquiring an additional 371 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Ulta Beauty by 1.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 15,153 shares of the specialty retailer’s stock worth $5,538,000 after acquiring an additional 258 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Ulta Beauty by 37.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,348 shares of the specialty retailer’s stock worth $494,000 after purchasing an additional 367 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Ulta Beauty by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 481,698 shares of the specialty retailer’s stock valued at $176,529,000 after purchasing an additional 15,114 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price 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. Barclays restated an “overweight” rating and set a $647.00 price target on shares of Ulta Beauty in a research note on Friday, December 5th. Finally, DA Davidson lifted their price objective 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. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $575.25.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $601.59 on Friday. The firm has a market capitalization of $26.69 billion, a P/E ratio of 23.07, a PEG ratio of 3.13 and a beta of 0.87. The stock has a 50-day simple moving average of $536.79 and a two-hundred day simple moving average of $512.52. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $611.90.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $5.14 earnings per share. Ulta Beauty’s quarterly revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.