Bank of New York Mellon Corp Takes Position in Ulta Beauty Inc. $ULTA

Bank of New York Mellon Corp acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 233,529 shares of the specialty retailer's stock, valued at approximately $105,317,000. Bank of New York Mellon Corp owned 0.54% of Ulta Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new stake in Ulta Beauty in the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Ulta Beauty by 860.0% during the first 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 boosted its position in shares of Ulta Beauty by 4,200.0% in the fourth 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. Clearstead Trust LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth $27,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Ulta Beauty in the first quarter worth $29,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating on shares of Ulta Beauty in a research note on Monday. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $741.00 to $652.00 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. Barclays dropped their price objective on shares of Ulta Beauty from $712.00 to $647.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. Wells Fargo & Company cut their price objective on shares of Ulta Beauty from $475.00 to $450.00 and set an "underweight" rating for the company in a research report on Wednesday, June 3rd. Finally, B. Riley Financial reduced 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 note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $638.09.

Ulta Beauty News Roundup

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

• Positive Sentiment: UBS reiterated a Buy rating and maintained a $735 price target, citing durable growth prospects. Canaccord Genuity also reiterated its Buy rating and kept a $731 target, pointing to the company’s “Ulta Beauty Unleashed” strategy. These targets imply substantial potential upside from recent trading levels. UBS Ulta Beauty Buy Rating Article Canaccord Genuity Ulta Beauty Buy Rating Article
• Positive Sentiment: Analysts expect Ulta’s second-quarter revenue and earnings to grow, supported by resilient beauty demand, digital gains and the Space NK business. The company’s prior quarter also exceeded consensus estimates, with revenue up 11.1% year over year and EPS of $7.74 versus the $6.89 estimate. Ulta Beauty Q2 Earnings Preview
• Positive Sentiment: GuruFocus’s valuation analysis characterized ULTA as undervalued following its recent rally, potentially attracting investors who believe the shares still have room to recover toward historical highs. GuruFocus Ulta Beauty Valuation Article
• Positive Sentiment: Ulta filed plans for a new store in Huber Heights, Ohio, signaling ongoing physical expansion and potential future sales growth. Ulta Beauty Huber Heights Store Article
• Neutral Sentiment: Options-market activity suggests traders are positioning for a potentially significant move in ULTA, though the direction is uncertain and the activity may increase volatility rather than establish a clear bullish signal. Ulta Beauty Options Activity Article
• Negative Sentiment: Despite the upbeat earnings outlook, analysts note possible margin pressure, making profitability and guidance important risks when Ulta reports results.

Insider Buying and Selling at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director owned 2,404 shares in the company, valued at $1,143,919.36. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

Ulta Beauty Trading Up 3.3%

Shares of NASDAQ ULTA opened at $538.76 on Tuesday. The business has a fifty day simple moving average of $491.33 and a 200 day simple moving average of $537.86. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.63 and a beta of 0.87. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts' consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the previous year, the company earned $6.70 earnings per share. The business's 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. On average, research analysts anticipate 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.

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