BI Asset Management Fondsmaeglerselskab A S Has $15.51 Million Holdings in Ulta Beauty Inc. $ULTA

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Ulta Beauty by 84.6% in Q1, owning a total of 42,300 shares valued at approximately $15.5 million.
• Analyst ratings for Ulta Beauty are mixed, with 12 analysts recommending a buy, 12 a hold, and 1 a sell, while price targets range from $440 to $600.
• Ulta Beauty reported an earnings per share (EPS) of $6.70 for its most recent quarter, exceeding estimates, and projected FY 2025 guidance of 22.650-23.200 EPS.

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 84.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,300 shares of the specialty retailer's stock after buying an additional 19,381 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.09% of Ulta Beauty worth $15,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank & Trust acquired a new position in Ulta Beauty in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in Ulta Beauty in the 1st quarter worth about $31,000. Rakuten Securities Inc. raised its stake in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 59 shares in the last quarter. North Star Investment Management Corp. boosted its position in Ulta Beauty by 71.4% during the 1st 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 during the period. Finally, NBC Securities Inc. bought a new stake in shares of Ulta Beauty during the first quarter valued at about $37,000. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 1.8%

ULTA stock traded up $9.32 during trading on Friday, reaching $529.50. 624,262 shares of the stock were exchanged, compared to its average volume of 555,550. Ulta Beauty Inc. has a twelve month low of $309.01 and a twelve month high of $534.10. The company has a market capitalization of $23.80 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.12. The stock has a 50 day simple moving average of $494.13 and a 200-day simple moving average of $422.14.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the company earned $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. Equities analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Ratings Changes

ULTA has been the topic of a number of research reports. Citigroup reissued a "neutral" rating on shares of Ulta Beauty in a research note on Monday. DA Davidson boosted their price objective on shares of Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Barclays raised Ulta Beauty from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $518.00 to $589.00 in a research note on Friday. Raymond James Financial reissued an "outperform" rating on shares of Ulta Beauty in a research report on Thursday, August 14th. Finally, UBS Group boosted their price objective on shares of Ulta Beauty from $525.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday. Thirteen equities 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 data from MarketBeat.com, Ulta Beauty has a consensus rating of "Hold" and an average price target of $487.96.

About Ulta Beauty

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.