K.J. Harrison & Partners Inc Makes New $2.91 Million Investment in Ulta Beauty Inc. $ULTA

K.J. Harrison & Partners Inc acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,450 shares of the specialty retailer’s stock, valued at approximately $2,909,000.

A number of other hedge funds also recently made changes to their positions in ULTA. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC raised its stake in Ulta Beauty by 860.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Strengthening Families & Communities LLC lifted its holdings in Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Clearstead Trust LLC bought a new position in Ulta Beauty during the second quarter worth $27,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Ulta Beauty in the first quarter valued at $29,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated 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. The trade was a 13.74% decrease in their position. The sale 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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ULTA shares. Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 3rd. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price for the company in a report on Tuesday, May 5th. UBS Group decreased their price target on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. DA Davidson lowered their price target on shares of Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Guggenheim assumed coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They set a “buy” rating for the company. One equities research 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $638.09.

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Ulta Beauty Price Performance

ULTA stock opened at $493.33 on Tuesday. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.59 and a beta of 0.87. The business’s fifty day moving average price is $486.22 and its two-hundred day moving average price is $542.34. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. The company had revenue of $3.16 billion during 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 company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Research analysts expect that Ulta Beauty Inc. will post 28.78 EPS for the current year.

Ulta Beauty Company Profile

(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.

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