Banco Bilbao Vizcaya Argentaria S.A. Purchases 856 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Ulta Beauty by 3.7% by acquiring 856 shares during the first quarter, bringing its total to 23,962 shares valued at approximately $8.77 million.
• Institutional investors own 90.39% of Ulta Beauty's stock, highlighting strong interest from large financial entities.
• Ulta Beauty reported $6.70 earnings per share for the recent quarter, surpassing analysts' expectations and demonstrating a 4.5% year-over-year revenue growth with total revenue of $2.85 billion.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,962 shares of the specialty retailer's stock after buying an additional 856 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned 0.05% of Ulta Beauty worth $8,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wambolt & Associates LLC boosted its holdings in shares of Ulta Beauty by 1.6% during the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock worth $626,000 after buying an additional 26 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Ulta Beauty by 32.5% during the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after buying an additional 27 shares during the period. Procyon Advisors LLC boosted its holdings in shares of Ulta Beauty by 4.3% during the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after buying an additional 29 shares during the period. Lido Advisors LLC boosted its holdings in shares of Ulta Beauty by 5.0% during the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after buying an additional 30 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Ulta Beauty by 5.0% during the 1st quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock worth $229,000 after buying an additional 30 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 traded up $9.32 during trading on Friday, reaching $529.50. The stock had a trading volume of 624,262 shares, compared to its average volume of 555,550. The firm's fifty day moving average is $494.13 and its 200 day moving average is $422.14. Ulta Beauty Inc. has a 52 week low of $309.01 and a 52 week high of $534.10. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 3.13 and a beta of 1.12.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS 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 company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the firm posted $6.47 EPS. The company's quarterly revenue was up 4.5% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. On average, research analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ULTA. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday. Truist Financial lifted their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Morgan Stanley boosted their price objective on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Robert W. Baird boosted their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Ulta Beauty in a report on Thursday, August 14th. Thirteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $487.96.

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.