Advisors Capital Management LLC Takes $22.92 Million Position in Ulta Beauty Inc. $ULTA

Advisors Capital Management LLC bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,824 shares of the specialty retailer's stock, valued at approximately $22,921,000. Advisors Capital Management LLC owned approximately 0.12% of Ulta Beauty at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in Ulta Beauty in the 4th quarter worth approximately $430,963,000. Atria Investments Inc lifted its position in shares of Ulta Beauty by 42.7% in the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer's stock worth $4,233,000 after purchasing an additional 2,093 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Ulta Beauty by 97.3% in the first quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer's stock worth $18,681,000 after buying an additional 17,625 shares during the period. National Pension Service boosted its position in shares of Ulta Beauty by 2,704.0% during the fourth quarter. National Pension Service now owns 79,465 shares of the specialty retailer's stock valued at $48,077,000 after purchasing an additional 76,631 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new stake in shares of Ulta Beauty during the 1st quarter valued at $3,024,000. 90.39% of the stock is currently owned by institutional investors.

Key Headlines Impacting Ulta Beauty

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

• Positive Sentiment: Analysts at Zacks said Ulta has a favorable combination of earnings-estimate revisions and historical earnings-surprise factors, suggesting the company could exceed expectations in its upcoming report. The company previously reported quarterly EPS and revenue above consensus, supporting optimism ahead of the release. Ulta Beauty Earnings Expected to Grow
• Positive Sentiment: Ulta is expanding its product assortment through an exclusive U.S. partnership with Chinese beauty company Nutrire. The hair-wellness brand will launch on Ulta.com before expanding to approximately 250 stores, potentially supporting traffic, differentiation and sales growth. China Beauty Firm Expands in U.S. With Ulta Deal
• Positive Sentiment: Ulta is also among the lead tenants opening at a new Skillman shopping center, adding another store location and potential source of long-term sales. Ulta Beauty Opens at Skillman Shopping Center
• Neutral Sentiment: Ulta is expected to announce quarterly earnings on August 27. The event is a near-term catalyst, with investors focused on comparable sales, margins and management’s outlook. Ulta Beauty to Announce Quarterly Earnings
• Negative Sentiment: Target has finalized the end of its Ulta shop-in-shop arrangement and plans to replace it with its own Beauty Studio concept in about 600 stores. The termination removes a sizable distribution channel and could weigh on investor sentiment, even though Ulta is redirecting its strategy toward company stores and exclusive brands. Target Finalizes Partnership Exit

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore set a $635.00 price target on Ulta Beauty in a research note on Wednesday, June 3rd. Argus set a $550.00 target price on shares of Ulta Beauty in a research report on Thursday, June 18th. Morgan Stanley lowered their price objective on Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. Loop Capital reaffirmed a "hold" rating and issued a $550.00 target price on shares of Ulta Beauty in a report on Wednesday, June 3rd. Finally, Bank of America raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and set a $685.00 price objective for the company in a report on Tuesday, May 5th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of "Moderate Buy" and an average target price of $638.09.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the business's stock in a transaction 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 transaction, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Ulta Beauty Price Performance

ULTA opened at $515.14 on Friday. The firm has a market capitalization of $22.15 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The business's 50-day moving average is $488.92 and its two-hundred day moving average is $539.83.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.89 by $0.85. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 28.76 EPS for the current 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.

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