American Century Companies Inc. Has $42.66 Million Holdings in Ulta Beauty Inc. $ULTA

Key Points

• American Century Companies Inc. increased its holdings in Ulta Beauty by 36.4% in the first quarter, owning 116,383 shares worth approximately $42.66 million.
• Ulta Beauty reported $6.70 earnings per share for the most recent quarter, exceeding analysts' expectations, with a revenue of $2.85 billion, indicating a 4.5% year-over-year increase.
• Twelve research analysts have rated Ulta Beauty with a mix of ratings, resulting in an average price target of $475.17, with the majority holding a "buy" or "hold" stance on the stock.

American Century Companies Inc. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 36.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,383 shares of the specialty retailer's stock after acquiring an additional 31,049 shares during the period. American Century Companies Inc. owned about 0.26% of Ulta Beauty worth $42,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ULTA. American National Bank & Trust acquired a new position in Ulta Beauty in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in Ulta Beauty during the first quarter worth about $31,000. Rakuten Securities Inc. raised its holdings in Ulta Beauty by 218.5% during the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. raised its holdings in Ulta Beauty by 71.4% during the first quarter. North Star Investment Management Corp. now owns 96 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 40 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in Ulta Beauty in the first quarter valued at approximately $37,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $516.69 on Thursday. The firm's 50-day moving average is $491.57 and its two-hundred day moving average is $420.54. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $534.10. The company has a market capitalization of $23.23 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 3.11 and a beta of 1.12.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same period last year, the business earned $6.47 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $520.00 target price on shares of Ulta Beauty in a research report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $477.00 to $525.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. DA Davidson increased their price target on Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Barclays raised their target price on Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Loop Capital reiterated a "hold" rating and set a $510.00 price target on shares of Ulta Beauty in a report on Friday, July 25th. Twelve research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $475.17.

Ulta Beauty 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.

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