Ulta Beauty Inc. $ULTA Stock Holdings Lessened by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Ulta Beauty Inc. by 3.8%, now owning approximately 0.06% of the company, valued at $8.5 million.
• Other institutional investors, including Price T. Rowe Associates and JPMorgan Chase, significantly increased their holdings in Ulta Beauty during the same quarter, with increases of up to 128.2%.
• Ulta Beauty reported earnings of $6.70 per share for the quarter, surpassing analyst expectations, and set FY 2025 EPS guidance between $22.650-23.200.

APG Asset Management N.V. lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,100 shares of the specialty retailer's stock after selling 1,000 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Ulta Beauty worth $8,517,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ULTA. Price T Rowe Associates Inc. MD increased its holdings in shares of Ulta Beauty by 128.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer's stock valued at $449,021,000 after buying an additional 688,267 shares in the last quarter. GAMMA Investing LLC raised its stake in Ulta Beauty by 38,770.6% during the 1st quarter. GAMMA Investing LLC now owns 443,513 shares of the specialty retailer's stock valued at $162,565,000 after purchasing an additional 442,372 shares during the period. JPMorgan Chase & Co. raised its stake in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer's stock valued at $334,871,000 after purchasing an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer's stock valued at $341,453,000 after purchasing an additional 366,147 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Ulta Beauty by 5,117.0% during the 1st quarter. Pacer Advisors Inc. now owns 220,312 shares of the specialty retailer's stock valued at $80,753,000 after purchasing an additional 216,089 shares during the period. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Down 1.0%

NASDAQ ULTA opened at $524.37 on Tuesday. Ulta Beauty Inc. has a 1-year low of $309.01 and a 1-year high of $534.10. The company has a market capitalization of $23.57 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.19 and a beta of 1.12. The firm's fifty day simple moving average is $495.18 and its 200-day simple moving average is $423.41.

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 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 for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the business posted $6.47 earnings per share. Ulta Beauty's revenue for the quarter 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. As a group, analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ULTA shares. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the company an "overweight" rating in a research note on Friday. DA Davidson boosted their target price on shares of Ulta Beauty from $550.00 to $585.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Morgan Stanley boosted their target price on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Barclays raised shares of Ulta Beauty from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $518.00 to $589.00 in a research note on Friday. Finally, Loop Capital reissued a "hold" rating and set a $510.00 target price on shares of Ulta Beauty in a research note on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $495.35.

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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