Headlands Technologies LLC bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,899 shares of the specialty retailer’s stock, valued at approximately $856,000.
A number of other hedge funds have also bought and sold shares of ULTA. BlackRock Inc. acquired a new stake in shares of Ulta Beauty during the second quarter worth $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 worth $77,050,000 after acquiring an additional 1,471,222 shares during the last quarter. Norges Bank acquired a new stake in Ulta Beauty during the 4th quarter worth about $430,963,000. Bank of America Corp DE purchased a new stake in Ulta Beauty during the 2nd quarter valued at about $260,192,000. Finally, Legal & General Group Plc purchased a new stake in Ulta Beauty during the 2nd quarter valued at about $161,600,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
Analyst Ratings Changes
ULTA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Ulta Beauty from $692.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Weiss Ratings downgraded shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Argus set a $550.00 price objective on shares of Ulta Beauty in a research note on Thursday, June 18th. Jefferies Financial Group reissued a “buy” rating and set a $650.00 target price on shares of Ulta Beauty in a report on Friday. Finally, B. Riley Financial decreased their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $626.59.
Ulta Beauty Trading Up 1.6%
Ulta Beauty stock opened at $545.66 on Wednesday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The stock’s 50 day simple moving average is $500.73 and its two-hundred day simple moving average is $531.63. The firm has a market cap of $23.33 billion, a PE ratio of 19.89, a P/E/G ratio of 1.61 and a beta of 0.85.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating the consensus estimate of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the firm earned $5.78 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post 28.91 EPS for the current year.
Insider Activity at Ulta Beauty
In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the transaction, 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 at the SEC website. 0.20% of the stock is owned by company insiders.
Ulta Beauty 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.
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