1,721 Shares in Ulta Beauty Inc. $ULTA Bought by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 1,721 shares of the specialty retailer’s stock, valued at approximately $772,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC boosted 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 worth $25,000 after purchasing an additional 43 shares in the last quarter. Strengthening Families & Communities LLC boosted its stake in Ulta Beauty by 4,200.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 42 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Ulta Beauty during the 2nd quarter worth approximately $27,000. Finally, Ascentis Independent Advisors purchased a new stake in Ulta Beauty during the 1st quarter worth approximately $29,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Ulta Beauty

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

• Positive Sentiment: Ulta is launching hair-wellness brand Nutrire exclusively on Ulta.com before expanding the brand to 250 U.S. stores. Skincare brand Dr. Reju-All is also making its nationwide retail debut through Ulta. The launches broaden the retailer’s product assortment and support its strategy of discovering and scaling emerging beauty brands through the Sparked program. Ulta Beauty Adds Exclusive Brand Launch And 250 Store Rollout
• Positive Sentiment: Ulta appointed Brieane Olson, chief executive officer of Pacsun, as an independent director. Her retail and consumer-brand experience could add strategic perspective as Ulta works to sustain growth and strengthen its board. Ulta Beauty Appoints Brieane Olson to Its Board of Directors
• Positive Sentiment: Recent coverage characterized ULTA as a strong value stock, which may have attracted bargain-oriented investors following the recent pullback. The company’s latest reported quarter also showed earnings and revenue above consensus expectations, with revenue up 11.1% year over year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ULTA. Barclays cut their price target on shares of Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. B. Riley Financial cut their target price on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. DA Davidson reduced their target price on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company lowered their price target on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction on Monday, June 15th. The shares were 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 in the company, valued at $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

Ulta Beauty Trading Up 4.7%

ULTA opened at $516.74 on Wednesday. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97. The firm has a market capitalization of $22.21 billion, a PE ratio of 19.38, a P/E/G ratio of 1.59 and a beta of 0.87. The firm has a 50 day moving average of $487.00 and a two-hundred day moving average of $541.49.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, analysts predict that Ulta Beauty Inc. will post 28.78 EPS for the current fiscal year.

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.