Mondrian Investment Partners LTD Invests $1.08 Million in Ulta Beauty Inc. $ULTA

Mondrian Investment Partners LTD bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of 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 valued at $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 worth about $25,000. Grey Fox Wealth Advisors LLC bought a new position in Ulta Beauty during the third quarter valued at approximately $31,000. Abich Financial Wealth Management LLC bought a new position in Ulta Beauty during the third quarter valued at approximately $31,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ulta Beauty during the 2nd quarter valued at approximately $35,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Trading Up 2.4%

Ulta Beauty stock opened at $683.40 on Tuesday. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $700.81. The firm 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 capitalization 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 issued its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.61 by $0.53. The company had revenue of $2.86 billion for 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%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Raymond James Financial raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $605.00 to $790.00 in a report on Wednesday, January 21st. B. Riley Financial restated a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, January 21st. Canaccord Genuity Group lifted their price objective on shares of Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Evercore upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $626.44.

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.