AXQ Capital LP Makes New Investment in Ulta Beauty Inc. $ULTA

Key Points

• AXQ Capital LP initiated a position in Ulta Beauty during the second quarter, purchasing 1,873 shares valued at approximately $845,000. Institutional investors collectively own 90.39% of the company.
• Ulta Beauty reported quarterly earnings of $6.55 per share, beating estimates of $6.22, while revenue reached $3.04 billion and rose 8.9% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $626.59; shares recently opened at $564.12.

AXQ Capital LP purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,873 shares of the specialty retailer's stock, valued at approximately $845,000.

Several other institutional investors have also made changes to their positions in ULTA. iSAM Funds UK Ltd bought a new position in Ulta Beauty during the 2nd quarter worth $289,000. Nykredit A S acquired a new position in Ulta Beauty in the 2nd quarter valued at $11,855,000. Draper Asset Management LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at $4,771,000. SkyOak Wealth LLC lifted its position in shares of Ulta Beauty by 46.0% during the 2nd quarter. SkyOak Wealth LLC now owns 1,463 shares of the specialty retailer's stock valued at $660,000 after acquiring an additional 461 shares during the period. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Ulta Beauty by 4.1% during the 2nd quarter. Rehmann Capital Advisory Group now owns 965 shares of the specialty retailer's stock worth $435,000 after purchasing an additional 38 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ULTA. Argus set a $550.00 price target on Ulta Beauty in a research report on Thursday, June 18th. Barclays cut their price objective on shares of Ulta Beauty from $647.00 to $645.00 and set an "overweight" rating for the company in a research report on Friday, August 28th. B. Riley Financial reduced their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 3rd. William Blair reissued a "market perform" rating on shares of Ulta Beauty in a report on Friday, August 21st. Finally, Evercore set a $635.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $626.59.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $564.12 on Monday. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The company has a market cap of $24.12 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.69 and a beta of 0.85. The business has a fifty day simple moving average of $505.13 and a 200 day simple moving average of $529.09.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data 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 return on equity of 45.40% and a net margin of 9.34%.The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the firm posted $5.78 earnings per share. Ulta Beauty's revenue was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities research analysts anticipate that Ulta Beauty Inc. will post 28.93 earnings per share for the current fiscal year.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

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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