Tradewinds LLC. Purchases New Stake in Ulta Beauty Inc. $ULTA

Tradewinds LLC. acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 786 shares of the specialty retailer’s stock, valued at approximately $430,000.

A number of other hedge funds have also recently made changes to their positions in ULTA. Norges Bank acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth about $258,791,000. AQR Capital Management LLC grew its holdings 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. Hudson Bay Capital Management LP bought a new stake in shares of Ulta Beauty during the 2nd quarter worth $62,170,000. Robeco Institutional Asset Management B.V. boosted its position in Ulta Beauty by 137.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 212,952 shares of the specialty retailer’s stock worth $116,432,000 after purchasing an additional 123,230 shares during the period. Finally, Amundi increased its position in shares of Ulta Beauty by 27.0% during the second quarter. Amundi now owns 448,546 shares of the specialty retailer’s stock valued at $212,988,000 after buying an additional 95,320 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $663.48 on Tuesday. The firm has a market cap of $29.43 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.45 and a beta of 0.85. The business has a 50-day simple moving average of $586.82 and a two-hundred day simple moving average of $543.17. Ulta Beauty Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $675.65.

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 net margin of 9.93% and a return on equity of 46.33%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company earned $5.14 earnings per share. The firm’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, research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ULTA shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $640.00 price objective (up previously from $610.00) on shares of Ulta Beauty in a report on Monday, December 1st. TD Cowen upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $600.00 to $725.00 in a research report on Monday, December 8th. Oppenheimer set a $675.00 price objective on shares of Ulta Beauty in a research report on Wednesday, December 10th. Wells Fargo & Company increased their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Finally, Cowen raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $607.64.

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.