K.J. Harrison & Partners Inc Buys Shares of 3,000 Ulta Beauty Inc. $ULTA

K.J. Harrison & Partners Inc purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 1st quarter, Holdings Channel reports. The firm purchased 3,000 shares of the specialty retailer’s stock, valued at approximately $1,568,000.

Several other hedge funds have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac bought a new stake in Ulta Beauty in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC raised its position 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 worth $25,000 after buying an additional 43 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake 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 acquiring an additional 42 shares during the period. Nalls Sherbakoff Group LLC bought a new position in Ulta Beauty during the 4th quarter valued at about $30,000. Finally, BOKF NA bought a new position in Ulta Beauty during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the transaction, the director owned 2,383 shares in the company, valued at $1,285,128.07. This trade represents a 15.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ULTA. Evercore set a $635.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd. B. Riley Financial decreased their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings cut shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Finally, Barclays cut their target price on shares of Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $638.09.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $461.33 on Friday. The stock has a market capitalization of $19.83 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88. The firm’s 50 day moving average price is $492.85 and its 200-day moving average price is $572.59. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the business posted $6.70 earnings per share. The firm’s quarterly 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. Analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal 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.