NewEdge Advisors LLC raised its position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 70.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,769 shares of the specialty retailer’s stock after acquiring an additional 6,106 shares during the quarter. NewEdge Advisors LLC’s holdings in Ulta Beauty were worth $7,720,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Diamant Asset Management Inc. increased its stake in shares of Ulta Beauty by 52,171.0% in the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after acquiring an additional 1,471,222 shares during the last quarter. Norges Bank purchased a new position in shares of Ulta Beauty during the 4th quarter worth $430,963,000. Corient Private Wealth LLC boosted its position in shares of Ulta Beauty by 1,837.4% during the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock valued at $139,756,000 after acquiring an additional 219,075 shares during the last quarter. Invesco Ltd. boosted its position in shares of Ulta Beauty by 33.6% during the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after acquiring an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec grew its holdings in shares of Ulta Beauty by 249.8% in the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after purchasing an additional 211,266 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s 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 completion of the sale, the director owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.
Ulta Beauty Stock Down 2.9%
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, research analysts anticipate that Ulta Beauty Inc. will post 28.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price target on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Barclays decreased their price objective on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Loop Capital reiterated a “hold” rating and issued a $550.00 price objective on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Finally, Weiss Ratings cut Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $638.09.
Get Our Latest Stock Report on Ulta Beauty
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.
Featured Stories
- Five stocks we like better than Ulta Beauty
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc. (NASDAQ:ULTA – Free Report).
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.
