Patton Fund Management Inc. Purchases 8,370 Shares of Ulta Beauty Inc. $ULTA

Patton Fund Management Inc. grew its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 1,460.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,943 shares of the specialty retailer’s stock after acquiring an additional 8,370 shares during the quarter. Ulta Beauty accounts for approximately 0.9% of Patton Fund Management Inc.’s investment portfolio, making the stock its 17th biggest position. Patton Fund Management Inc.’s holdings in Ulta Beauty were worth $4,890,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Marshall Wace LLP boosted its holdings in Ulta Beauty by 9.4% in the 2nd quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock valued at $306,234,000 after purchasing an additional 56,063 shares during the period. Franklin Resources Inc. increased its holdings in shares of Ulta Beauty by 5.4% during the second quarter. Franklin Resources Inc. now owns 582,635 shares of the specialty retailer’s stock worth $272,568,000 after purchasing an additional 30,100 shares during the period. Norges Bank acquired a new stake in shares of Ulta Beauty in the second quarter valued at approximately $258,791,000. Swedbank AB grew its position in Ulta Beauty by 17.4% during the second quarter. Swedbank AB now owns 545,050 shares of the specialty retailer’s stock worth $254,985,000 after buying an additional 80,734 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Ulta Beauty by 76.6% during the 2nd quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer’s stock worth $222,794,000 after acquiring an additional 207,084 shares during the period. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ULTA shares. Evercore ISI upped their target price on Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. B. Riley reaffirmed a “neutral” rating on shares of Ulta Beauty in a research report on Monday, December 8th. The Goldman Sachs Group increased their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Jefferies Financial Group boosted their target price on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Sixteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Trading Up 2.5%

Shares of NASDAQ ULTA opened at $612.95 on Tuesday. The company has a market cap of $27.19 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 3.16 and a beta of 0.87. Ulta Beauty Inc. has a 12 month low of $309.01 and a 12 month high of $613.16. The stock has a 50-day moving average price of $541.35 and a two-hundred day moving average price of $519.46.

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

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.