Ulta BeautyULTA
About: With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and more than 600 individual brands. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Employees: 56,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
14% more repeat investments, than reductions
Existing positions increased: 403 | Existing positions reduced: 355
2.56% less ownership
Funds ownership: 94.98% [Q1] → 92.41% (-2.56%) [Q2]
5% less funds holding
Funds holding: 1,046 [Q1] → 992 (-54) [Q2]
16% less call options, than puts
Call options by funds: $861M | Put options by funds: $1.03B
28% less capital invested
Capital invested by funds: $23.7B [Q1] → $17B (-$6.7B) [Q2]
31% less first-time investments, than exits
New positions opened: 120 | Existing positions closed: 174
38% less funds holding in top 10
Funds holding in top 10: 13 [Q1] → 8 (-5) [Q2]
Research analyst outlook
36 Wall Street Analysts provided 1 year price targets over the past 3 months
36 analyst ratings
JP Morgan Christopher Horvers 80% 1-year accuracy 20 / 25 met price target | 30%upside $472 | Overweight Maintained | 21 Oct 2024 |
TD Cowen Oliver Chen 38% 1-year accuracy 8 / 21 met price target | 4%upside $380 | Hold Maintained | 17 Oct 2024 |
Stifel Mark Astrachan 75% 1-year accuracy 12 / 16 met price target | 8%upside $395 | Hold Maintained | 17 Oct 2024 |
Telsey Advisory Group Dana Telsey 48% 1-year accuracy 79 / 166 met price target | 24%upside $450 | Outperform Maintained | 17 Oct 2024 |
Piper Sandler Korinne Wolfmeyer 25% 1-year accuracy 6 / 24 met price target | 2%downside $357 | Neutral Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 26 articles about ULTA published over the past 30 days
