Ghe LLC boosted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 257.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,189 shares of the specialty retailer’s stock after acquiring an additional 13,828 shares during the quarter. Ulta Beauty accounts for 2.1% of Ghe LLC’s portfolio, making the stock its 7th biggest holding. Ghe LLC’s holdings in Ulta Beauty were worth $10,030,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Ulta Beauty during the 4th quarter worth $430,963,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter worth $8,009,000. Atria Investments Inc grew its position in shares of 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 buying an additional 2,093 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Ulta Beauty by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 23,163 shares of the specialty retailer’s stock worth $14,014,000 after buying an additional 15,985 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Ulta Beauty by 27.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock valued at $164,364,000 after buying an additional 58,719 shares during the period. Institutional investors own 90.39% of the company’s stock.
Insiders Place Their Bets
In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction 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 directly owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.
Ulta Beauty Stock Performance
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share 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 analysts’ expectations of $3.12 billion. During the same period last year, the business earned $6.70 EPS. The company’s 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. On average, equities analysts predict that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ULTA. JPMorgan Chase & Co. decreased their price objective on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. UBS Group reduced their price target on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Argus set a $550.00 price objective on shares of Ulta Beauty in a research note on Thursday, June 18th. Weiss Ratings downgraded shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. One 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $638.09.
Check Out Our Latest Analysis on Ulta Beauty
Ulta Beauty 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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