110,776 Shares in Ulta Beauty Inc. $ULTA Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 110,776 shares of the specialty retailer’s stock, valued at approximately $49,958,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.26% of Ulta Beauty at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ULTA. BlackRock Inc. purchased a new position in shares of Ulta Beauty in the second quarter valued at approximately $1,815,712,000. Diamant Asset Management Inc. raised its stake in 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 valued at $77,050,000 after purchasing an additional 1,471,222 shares during the last quarter. Norges Bank purchased a new position in Ulta Beauty in the 4th quarter valued at $430,963,000. Deutsche Bank AG acquired a new stake in Ulta Beauty during the 2nd quarter worth $124,784,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Ulta Beauty during the second quarter worth $105,317,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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Ulta Beauty Trading Up 3.3%

Shares of NASDAQ ULTA opened at $538.76 on Tuesday. The stock has a market cap of $23.16 billion, a P/E ratio of 20.20, a PEG ratio of 1.63 and a beta of 0.87. The business’s fifty day simple moving average is $491.33 and its 200-day simple moving average is $537.86. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the firm posted $6.70 EPS. Ulta Beauty’s revenue for the quarter was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities analysts forecast that Ulta Beauty Inc. will post 28.76 EPS for the current fiscal year.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several research reports. Argus set a $550.00 price target on shares of Ulta Beauty in a research note on Thursday, June 18th. Loop Capital reissued a “hold” rating and issued a $550.00 target price on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Wells Fargo & Company lowered their price target 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. Finally, Barclays dropped their price objective on shares of Ulta Beauty from $712.00 to $647.00 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, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $638.09.

Read Our Latest Stock Analysis on ULTA

More Ulta Beauty News

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: UBS reiterated a Buy rating and maintained a $735 price target, citing durable growth prospects. Canaccord Genuity also reiterated its Buy rating and kept a $731 target, pointing to the company’s “Ulta Beauty Unleashed” strategy. These targets imply substantial potential upside from recent trading levels. UBS Ulta Beauty Buy Rating Article Canaccord Genuity Ulta Beauty Buy Rating Article
• Positive Sentiment: Analysts expect Ulta’s second-quarter revenue and earnings to grow, supported by resilient beauty demand, digital gains and the Space NK business. The company’s prior quarter also exceeded consensus estimates, with revenue up 11.1% year over year and EPS of $7.74 versus the $6.89 estimate. Ulta Beauty Q2 Earnings Preview
• Positive Sentiment: GuruFocus’s valuation analysis characterized ULTA as undervalued following its recent rally, potentially attracting investors who believe the shares still have room to recover toward historical highs. GuruFocus Ulta Beauty Valuation Article
• Positive Sentiment: Ulta filed plans for a new store in Huber Heights, Ohio, signaling ongoing physical expansion and potential future sales growth. Ulta Beauty Huber Heights Store Article
• Neutral Sentiment: Options-market activity suggests traders are positioning for a potentially significant move in ULTA, though the direction is uncertain and the activity may increase volatility rather than establish a clear bullish signal. Ulta Beauty Options Activity Article
• Negative Sentiment: Despite the upbeat earnings outlook, analysts note possible margin pressure, making profitability and guidance important risks when Ulta reports results.

Ulta Beauty 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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