Wealthfront Advisers LLC raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 82.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,222 shares of the specialty retailer’s stock after buying an additional 4,158 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ulta Beauty were worth $4,820,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in Ulta Beauty during the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC raised its holdings in Ulta Beauty by 4,200.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 42 shares during the period. Hilton Head Capital Partners LLC raised its stake in Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 43 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $30,000. Finally, Steigerwald Gordon & Koch Inc. lifted its stake in Ulta Beauty by 2,550.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. TD Cowen decreased their price objective on Ulta Beauty from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Citigroup cut their target price on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Argus set a $550.00 price target on shares of Ulta Beauty in a research note on Thursday, June 18th. Loop Capital reaffirmed a “hold” rating and set a $550.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $638.09.
Insiders Place Their Bets
In related news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.
Ulta Beauty Stock Performance
Shares of ULTA stock opened at $479.57 on Friday. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.50 and a beta of 0.88. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97. The stock’s 50-day simple moving average is $478.32 and its 200-day simple moving average is $563.21.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the business posted $6.70 EPS. Ulta Beauty’s revenue for the quarter was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities analysts forecast that Ulta Beauty Inc. will post 28.76 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.
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