Cibc World Market Inc. Grows Stock Position in Ulta Beauty Inc. $ULTA

Cibc World Market Inc. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 38.6% during the third quarter, Holdings Channel reports. The institutional investor owned 19,919 shares of the specialty retailer’s stock after buying an additional 5,545 shares during the period. Cibc World Market Inc.’s holdings in Ulta Beauty were worth $10,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swedbank AB increased its position in Ulta Beauty by 6.7% during the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after purchasing an additional 36,456 shares during the last quarter. Keybank National Association OH grew its stake in shares of Ulta Beauty by 1.6% during the 3rd quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after buying an additional 2,121 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth $71,997,000. Assenagon Asset Management S.A. raised its position in shares of Ulta Beauty by 90.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock worth $20,037,000 after buying an additional 17,365 shares during the period. Finally, Generali Asset Management SPA SGR boosted its holdings in Ulta Beauty by 2,732.7% in the third quarter. Generali Asset Management SPA SGR now owns 4,164 shares of the specialty retailer’s stock valued at $2,277,000 after acquiring an additional 4,017 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ULTA shares. Bank of America raised their price objective on Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Telsey Advisory Group restated an “outperform” rating and issued a $640.00 price target (up previously from $610.00) on shares of Ulta Beauty in a report on Monday, December 1st. Evercore lifted their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. DA Davidson increased their price objective on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Piper Sandler reissued an “overweight” rating and issued a $775.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $626.44.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $683.40 on Friday. The firm has a 50-day moving average of $640.45 and a two-hundred day moving average of $566.24. The stock has a market cap of $30.32 billion, a P/E ratio of 26.20, a PEG ratio of 3.11 and a beta of 0.85. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $700.81.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping 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 business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the firm posted $5.14 earnings per share. The company’s 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. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

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.