Hsbc Holdings PLC Purchases 63,931 Shares of Ulta Beauty Inc. $ULTA

Hsbc Holdings PLC boosted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTAFree Report) by 43.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 211,826 shares of the specialty retailer’s stock after buying an additional 63,931 shares during the quarter. Hsbc Holdings PLC owned approximately 0.49% of Ulta Beauty worth $95,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Optimize Financial Inc raised its stake in shares of Ulta Beauty by 1.4% during the fourth quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer’s stock valued at $711,000 after acquiring an additional 16 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Ulta Beauty by 12.1% in the first quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer’s stock worth $87,000 after purchasing an additional 18 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its holdings in Ulta Beauty by 5.3% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 394 shares of the specialty retailer’s stock valued at $238,000 after purchasing an additional 20 shares during the period. Allworth Financial LP raised its position in Ulta Beauty by 3.9% during the 4th quarter. Allworth Financial LP now owns 555 shares of the specialty retailer’s stock valued at $336,000 after purchasing an additional 21 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in Ulta Beauty by 0.3% during the 4th quarter. Wedbush Securities Inc. now owns 6,455 shares of the specialty retailer’s stock valued at $3,905,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the sale, the director owned 2,404 shares of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson lifted their price objective on Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Wells Fargo & Company decreased their target price on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $700.00 price target on shares of Ulta Beauty in a research note on Friday, August 28th. JPMorgan Chase & Co. cut their price target on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Ulta Beauty from $648.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $626.59.

Get Our Latest Report on ULTA

Ulta Beauty Price Performance

ULTA opened at $564.12 on Monday. The stock has a market cap of $24.12 billion, a PE ratio of 20.56, a PEG ratio of 1.69 and a beta of 0.85. The business has a 50 day moving average of $505.13 and a 200-day moving average of $529.09. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, beating the consensus estimate of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $5.78 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 28.93 EPS for the current year.

About Ulta Beauty

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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