Ulta BeautyULTA
About: With more than 1,400 freestanding stores 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. The firm intends to open franchises in Mexico in 2025. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Employees: 56,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5% less funds holding
Funds holding: 995 [Q2] → 948 (-47) [Q3]
4.97% less ownership
Funds ownership: 94.94% [Q2] → 89.97% (-4.97%) [Q3]
8% less capital invested
Capital invested by funds: $17.5B [Q2] → $16B (-$1.47B) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 329 | Existing positions reduced: 370
13% less funds holding in top 10
Funds holding in top 10: 8 [Q2] → 7 (-1) [Q3]
20% less call options, than puts
Call options by funds: $1.14B | Put options by funds: $1.42B
29% less first-time investments, than exits
New positions opened: 116 | Existing positions closed: 163
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Loop Capital Anthony Chukumba 50% 1-year accuracy 10 / 20 met price target | 12%upside $480 | Buy Maintained | 9 Dec 2024 |
UBS Michael Lasser 62% 1-year accuracy 21 / 34 met price target | 14%upside $490 | Buy Maintained | 6 Dec 2024 |
Citigroup Kelly Crago 0% 1-year accuracy 0 / 1 met price target | 5%upside $450 | Neutral Maintained | 6 Dec 2024 |
Barclays Adrienne Yih 49% 1-year accuracy 46 / 94 met price target | 5%downside $410 | Equal-Weight Maintained | 6 Dec 2024 |
DA Davidson Michael Baker 58% 1-year accuracy 23 / 40 met price target | 19%upside $510 | Buy Maintained | 6 Dec 2024 |
Financial journalist opinion
Based on 40 articles about ULTA published over the past 30 days
