Roberts Glore & Co. Inc. IL purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,088 shares of the specialty retailer’s stock, valued at approximately $491,000.
Several other institutional investors have also recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac bought a new stake in Ulta Beauty during the 4th quarter worth approximately $25,000. Strengthening Families & Communities LLC boosted its position in shares of Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 42 shares during the period. Hilton Head Capital Partners LLC increased its stake in shares of Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 43 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Ulta Beauty in the fourth quarter worth $30,000. Finally, Virtus Advisers LLC bought a new stake in shares of Ulta Beauty during the 4th quarter valued at $33,000. Institutional investors own 90.39% of the company’s stock.
Ulta Beauty Stock Performance
ULTA opened at $537.22 on Wednesday. The stock has a market capitalization of $23.10 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.68 and a beta of 0.87. The company has a fifty day moving average of $492.80 and a 200 day moving average of $536.87. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on ULTA shares. TD Cowen restated a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Piper Sandler cut their price target on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their price target on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group lowered their price objective on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, Robert W. Baird dropped their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $636.41.
Check Out Our Latest Stock Report on Ulta Beauty
Insider Activity at Ulta Beauty
In related news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction that occurred on 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. This represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Trending Headlines about Ulta Beauty
Here are the key news stories impacting Ulta Beauty this week:
- Positive Sentiment: Deutsche Bank expects Ulta Beauty’s fiscal second-quarter same-store sales growth to exceed consensus estimates, raising expectations for a potential earnings and revenue beat. Ulta Beauty Second-Quarter Same-Store Sales Poised for Beat, Deutsche Bank Says
- Positive Sentiment: Analysts continue to support the stock, with UBS maintaining a Buy rating and a $735 price target, while Canaccord Genuity reiterated its Buy rating and $731 target. Their views cite durable growth and the company’s Ulta Beauty Unleashed strategy. UBS Ulta Beauty Rating Canaccord Genuity Ulta Beauty Rating
- Positive Sentiment: Ulta Beauty’s nationwide agreement with Chinese beauty brand Proya should broaden its product assortment and support international brand exposure. The company also filed plans for another store in Huber Heights, Ohio, indicating continued physical expansion. Proya Ulta Beauty Agreement Ulta Beauty Huber Heights Location
- Neutral Sentiment: Options activity suggests traders are positioning for a potentially significant move, but the available report does not establish whether those bets are bullish or bearish. Reported short-interest data showed zero shares and an anomalous “NaN” change, making it unreliable as a trading signal. Ulta Beauty Options Activity
- Negative Sentiment: Although analysts expect second-quarter sales and EPS growth, previews also highlight potential margin pressure. That uncertainty, along with profit-taking after the recent rally, may be limiting the stock’s response to favorable news. Ulta’s latest reported quarter showed an EPS and revenue beat, with revenue up 11.1% year over year.
About Ulta Beauty
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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