Saudi Central Bank lifted its position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 87.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,062 shares of the specialty retailer’s stock after acquiring an additional 1,425 shares during the period. Saudi Central Bank’s holdings in Ulta Beauty were worth $1,381,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of ULTA. Munich Reinsurance Co Stock Corp in Munich increased its stake in Ulta Beauty by 3,506.9% in the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 6,781 shares of the specialty retailer’s stock valued at $3,058,000 after purchasing an additional 6,593 shares in the last quarter. Baypointe Partners LLC bought a new position in shares of Ulta Beauty during the second quarter worth $6,765,000. Raiffeisen Bank International AG grew its holdings in shares of Ulta Beauty by 9,728.1% in the 2nd quarter. Raiffeisen Bank International AG now owns 3,145 shares of the specialty retailer’s stock valued at $1,444,000 after buying an additional 3,113 shares during the period. denkapparat Operations GmbH grew its holdings in shares of Ulta Beauty by 43.9% in the 2nd quarter. denkapparat Operations GmbH now owns 2,460 shares of the specialty retailer’s stock valued at $1,109,000 after buying an additional 750 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Ulta Beauty by 0.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,583 shares of the specialty retailer’s stock valued at $1,616,000 after buying an additional 23 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on ULTA. Canaccord Genuity Group reduced their target price on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating on shares of Ulta Beauty in a research report on Tuesday, July 21st. Barclays lowered their target price on Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating for the company in a research note on Friday, August 28th. UBS Group set a $631.00 price target on shares of Ulta Beauty in a report on Friday, August 28th. Finally, Morgan Stanley decreased their price objective on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $624.57.
Insiders Place Their Bets
In related news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.
Ulta Beauty Stock Performance
Shares of NASDAQ:ULTA opened at $549.23 on Wednesday. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97. The company has a market capitalization of $23.49 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85. The company has a 50-day simple moving average of $509.19 and a 200 day simple moving average of $527.10.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (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 firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the company earned $5.78 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts forecast that Ulta Beauty Inc. will post 28.93 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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