Pacer Advisors Inc. lessened its position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,758 shares of the specialty retailer’s stock after selling 949 shares during the quarter. Pacer Advisors Inc.’s holdings in Ulta Beauty were worth $5,101,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $430,963,000. Atria Investments Inc increased its holdings in Ulta Beauty by 42.7% during the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer’s stock worth $4,233,000 after purchasing an additional 2,093 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Ulta Beauty by 27.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock valued at $164,364,000 after purchasing an additional 58,719 shares in the last quarter. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Ulta Beauty in the 4th quarter worth $1,903,000. Finally, National Pension Service grew its position in shares of Ulta Beauty by 2,704.0% during the 4th quarter. National Pension Service now owns 79,465 shares of the specialty retailer’s stock worth $48,077,000 after buying an additional 76,631 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on ULTA shares. Argus set a $550.00 price objective on shares of Ulta Beauty in a research note on Thursday, June 18th. Evercore set a $635.00 price objective on shares of Ulta Beauty in a report on Wednesday, June 3rd. Morgan Stanley lowered their target price on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group cut their price target on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group raised Ulta Beauty from a “hold” rating to a “buy” rating and raised their price objective for the company from $635.00 to $700.00 in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $638.09.
Insiders Place Their Bets
In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the transaction, the director directly owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.
Ulta Beauty Trading Down 0.8%
NASDAQ ULTA opened at $539.47 on Thursday. The company has a fifty day simple moving average of $479.08 and a two-hundred day simple moving average of $550.24. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97. The stock has a market cap of $23.19 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.70 and a beta of 0.87.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the previous year, the business earned $6.70 EPS. The company’s quarterly revenue 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, sell-side analysts forecast that Ulta Beauty Inc. will post 28.77 earnings per share for the current year.
About Ulta Beauty
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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