Bank of Nova Scotia acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,415 shares of the specialty retailer's stock, valued at approximately $5,148,000.
Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Ulta Beauty in the second quarter worth about $1,815,712,000. Diamant Asset Management Inc. grew its stake in shares of Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer's stock valued at $77,050,000 after buying an additional 1,471,222 shares in the last quarter. Norges Bank purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at about $430,963,000. Deutsche Bank AG purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $124,784,000. Finally, Bank of New York Mellon Corp acquired a new position in Ulta Beauty during the 2nd quarter worth approximately $105,317,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Ulta Beauty
Here are the key news stories impacting Ulta Beauty this week:
- Positive Sentiment: Deutsche Bank expects Ulta Beauty’s fiscal second-quarter same-store sales growth to exceed consensus estimates, raising expectations for a potential earnings and revenue beat. Ulta Beauty Second-Quarter Same-Store Sales Poised for Beat, Deutsche Bank Says
- Positive Sentiment: Analysts continue to support the stock, with UBS maintaining a Buy rating and a $735 price target, while Canaccord Genuity reiterated its Buy rating and $731 target. Their views cite durable growth and the company’s Ulta Beauty Unleashed strategy. UBS Ulta Beauty Rating Canaccord Genuity Ulta Beauty Rating
- Positive Sentiment: Ulta Beauty’s nationwide agreement with Chinese beauty brand Proya should broaden its product assortment and support international brand exposure. The company also filed plans for another store in Huber Heights, Ohio, indicating continued physical expansion. Proya Ulta Beauty Agreement Ulta Beauty Huber Heights Location
- Neutral Sentiment: Options activity suggests traders are positioning for a potentially significant move, but the available report does not establish whether those bets are bullish or bearish. Reported short-interest data showed zero shares and an anomalous “NaN” change, making it unreliable as a trading signal. Ulta Beauty Options Activity
- Negative Sentiment: Although analysts expect second-quarter sales and EPS growth, previews also highlight potential margin pressure. That uncertainty, along with profit-taking after the recent rally, may be limiting the stock’s response to favorable news. Ulta’s latest reported quarter showed an EPS and revenue beat, with revenue up 11.1% year over year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating for the company in a report on Wednesday, June 3rd. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $799.00 to $731.00 and set a "buy" rating on the stock in a research note on Wednesday, June 3rd. Loop Capital reiterated a "hold" rating and set a $550.00 price objective on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Ulta Beauty from $692.00 to $695.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, UBS Group restated a "buy" rating on shares of Ulta Beauty in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of "Moderate Buy" and an average price target of $636.41.
Get Our Latest Stock Report on ULTA
Insider Activity
In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction 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 completion of the sale, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company's stock.
Ulta Beauty Stock Performance
NASDAQ:ULTA opened at $537.22 on Wednesday. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.68 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. The business's 50-day simple moving average is $492.80 and its 200 day simple moving average is $536.87.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating analysts' consensus estimates of $6.89 by $0.85. The firm 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%.Ulta Beauty's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts predict that Ulta Beauty Inc. will post 28.76 EPS for the current year.
About Ulta Beauty
(
Free Report)
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.
Further Reading
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