Ulta Beauty Inc. $ULTA Stake Raised by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Ulta Beauty by 15.2% in the first quarter, owning a total of 3,950 shares valued at approximately $1.448 million.
• Ulta Beauty reported earnings of $6.70 per share for the recent quarter, exceeding analyst expectations of $5.73 and showcasing a 4.5% increase in revenue year-over-year.
• Several brokerages have adjusted their price targets for Ulta Beauty, with Morgan Stanley setting a new target at $550.00, reflecting a positive outlook on the stock's performance.

Fuller & Thaler Asset Management Inc. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,950 shares of the specialty retailer's stock after acquiring an additional 520 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Ulta Beauty were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. American National Bank & Trust bought a new stake in Ulta Beauty during the first quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty during the 1st quarter valued at $31,000. Rakuten Securities Inc. boosted its stake in shares of Ulta Beauty by 218.5% during the 1st 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. boosted its stake in shares of 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 in the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of Ulta Beauty in the 1st quarter worth $37,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $516.69 on Thursday. The stock has a market cap 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 Inc. has a fifty-two week low of $309.01 and a fifty-two week high of $534.10. The stock's 50-day moving average is $491.57 and its two-hundred day moving average is $420.54.

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

Analysts Set New Price Targets

Several brokerages have recently commented on ULTA. Morgan Stanley upped their target price on Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Loop Capital reaffirmed a "hold" rating and set a $510.00 price objective on shares of Ulta Beauty in a research note on Friday, July 25th. Citigroup reiterated a "neutral" rating on shares of Ulta Beauty in a report on Monday. Robert W. Baird boosted their price target 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, Wells Fargo & Company upped their price target on shares of Ulta Beauty from $350.00 to $400.00 and gave the company an "underweight" rating in a research report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $475.17.

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.

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