Ulta Beauty reported Q3 revenue growth of 13% year-over-year, driven by a 6.4% increase in comparable store sales. Management highlighted strength in fragrances, where unit sales increased over 15%, and successful launches in skincare and haircare that contributed double-digit category growth. Heavy investment in marketing helped fuel traffic gains of 5% versus the prior year. The company raised its full-year fiscal 2025 guidance for earnings per share by approximately 4% at the midpoint, citing continued momentum in core categories and the expansion of its UB Marketplace, which now features over 200 third-party beauty brands available online and in select stores.

Generali Asset Management SPA SGR increased its position in Ulta Beauty by 2,732.7% during the third quarter, adding 4,017 shares to reach a total holding of 4,164 shares valued at $2.28 million. J. Safra Sarasin Holding AG boosted its stake by 167.8%, acquiring an additional 2,828 shares to own 4,513 shares worth $2.11 million. Swedbank AB lifted its position by 6.7%, adding 36,456 shares for a total of 581,506 shares valued at $317.94 million. Assenagon Asset Management S.A. grew its stake by 90.1%, purchasing 17,365 shares to hold 36,647 shares valued at $20.04 million. Overall, institutional and hedge fund ownership stands at 90.39%, underscoring broad support from professional investors.