Patten & Patten Inc. TN Reduces Stock Position in Ulta Beauty Inc. $ULTA

Patten & Patten Inc. TN decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 37.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,460 shares of the specialty retailer’s stock after selling 1,483 shares during the quarter. Patten & Patten Inc. TN’s holdings in Ulta Beauty were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 21 shares during the last quarter. ORG Partners LLC grew its stake in Ulta Beauty by 17.7% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 23 shares during the period. OFI Invest Asset Management raised its holdings in Ulta Beauty by 6.8% in the 2nd quarter. OFI Invest Asset Management now owns 375 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 24 shares during the last quarter. Richard W. Paul & Associates LLC lifted its stake in shares of Ulta Beauty by 0.8% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 2,990 shares of the specialty retailer’s stock worth $1,399,000 after purchasing an additional 24 shares during the period. Finally, DNB Asset Management AS boosted its holdings in shares of Ulta Beauty by 0.3% during the second quarter. DNB Asset Management AS now owns 9,411 shares of the specialty retailer’s stock worth $4,403,000 after purchasing an additional 25 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

More Ulta Beauty News

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Expansion into the Middle East: Ulta announced its first UAE store at Mall of the Emirates (opening Jan. 29) in partnership with franchise operator Alshaya, building on a November Kuwait debut — a move that diversifies revenue and uses a partner-led model to limit capex. Read More. Read More.
• Positive Sentiment: Analyst optimism: TD Cowen raised Ulta’s price target to $775, signaling bullish analyst sentiment that can support the stock as investors re-rate long-term growth expectations. Read More.
• Positive Sentiment: New retail concepts: Ulta is expanding wellness-focused shop?in?shop boutiques, aligning with consumer wellness trends and opening new margin and traffic drivers within stores. Read More.
• Positive Sentiment: Strong consumer demand: Tickets for Ulta Beauty World sold out in minutes, showing high brand engagement and the power of experiential marketing to drive loyalty and future spend. Read More.
• Neutral Sentiment: Upcoming earnings: Ulta is about to report Q4 results; previews note expectations of weaker EPS, so the report (and company guidance) will be the immediate catalyst to confirm whether growth and margin momentum continue. Monitor the release for actual versus expected numbers. Read More.
• Negative Sentiment: PR/backlash risk from event execution: While demand was strong, rapid sell-outs and ticketing issues have led to customer disappointment and negative headlines — a short-term reputational risk that could draw management time and attention and may pressure sentiment if unresolved. Read More. Read More.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $686.12 on Monday. The stock has a 50-day simple moving average of $598.92 and a 200-day simple moving average of $548.91. The stock has a market capitalization of $30.44 billion, a P/E ratio of 26.31, a PEG ratio of 3.56 and a beta of 0.85. Ulta Beauty Inc. has a 1 year low of $309.01 and a 1 year high of $695.34.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the company posted $5.14 earnings per share. Ulta Beauty’s revenue was up 12.9% compared to the same quarter last year. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. Piper Sandler set a $615.00 target price on Ulta Beauty in a research note on Friday, December 5th. Robert W. Baird set a $700.00 price target on Ulta Beauty in a report on Wednesday, December 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $640.00 price objective (up previously from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. UBS Group increased their price objective on shares of Ulta Beauty from $690.00 to $780.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Finally, Oppenheimer boosted their target price on shares of Ulta Beauty from $675.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.04.

Ulta Beauty Company Profile

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.