Dimensional Fund Advisors LP Raises Stock Position in Ulta Beauty Inc. $ULTA

Key Points

• Dimensional Fund Advisors LP increased its stock holdings in Ulta Beauty Inc. by 3.2% in Q1, owning approximately 481,698 shares valued at $176.53 million.
• Analysts have mixed ratings for Ulta, with twelve rating it as a "Buy" and twelve as "Hold," while the consensus price target is $475.17.
• Ulta Beauty recently reported $6.70 earnings per share for its latest quarter, exceeding expectations, along with a net margin of 10.45%.

Dimensional Fund Advisors LP increased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 481,698 shares of the specialty retailer's stock after buying an additional 15,114 shares during the period. Dimensional Fund Advisors LP owned about 1.07% of Ulta Beauty worth $176,529,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wambolt & Associates LLC grew its stake 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 acquiring an additional 26 shares during the period. Westside Investment Management Inc. boosted its position in Ulta Beauty by 32.5% during the first quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock worth $40,000 after purchasing an additional 27 shares during the period. Procyon Advisors LLC increased its stake in shares of Ulta Beauty by 4.3% in the first quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock worth $259,000 after purchasing an additional 29 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer's stock worth $272,000 after purchasing an additional 30 shares in the last quarter. Finally, Sagespring Wealth Partners LLC raised its position in shares of Ulta Beauty by 5.0% in the first quarter. Sagespring Wealth Partners LLC now owns 625 shares of the specialty retailer's stock valued at $229,000 after purchasing an additional 30 shares during the period. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded up $9.32 during trading hours on Friday, reaching $529.50. The company's stock had a trading volume of 624,262 shares, compared to its average volume of 555,550. The firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.13 and a beta of 1.12. The firm has a 50-day simple moving average of $494.13 and a 200-day simple moving average of $422.14. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $534.10.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ULTA shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Ulta Beauty in a report on Thursday, August 14th. DA Davidson raised their target price on Ulta Beauty from $550.00 to $585.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $525.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup restated a "neutral" rating on shares of Ulta Beauty in a research report on Monday. Finally, Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $542.00 to $600.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.