Edgestream Partners L.P. Purchases Shares of 3,631 Ulta Beauty Inc. $ULTA

Key Points

• Edgestream Partners purchased 3,631 Ulta Beauty shares worth approximately $1.9 million in the first quarter. Institutional investors and hedge funds own 90.39% of the company.
• Ulta reported first-quarter EPS of $7.74, beating estimates of $6.89, while revenue rose 11.1% year over year to $3.16 billion. Shares opened at $512.83, below the 12-month high of $714.97.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $638.09, despite some target reductions. Director George R. Mrkonic Jr. sold 383 shares for approximately $182,247, while insiders own just 0.20% of the stock.

Edgestream Partners L.P. purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,631 shares of the specialty retailer's stock, valued at approximately $1,898,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Oddo BHF Asset Management Sas raised its position in Ulta Beauty by 4.4% in the 1st quarter. Oddo BHF Asset Management Sas now owns 4,029 shares of the specialty retailer's stock valued at $2,106,000 after buying an additional 169 shares during the last quarter. Bull Harbor Capital LLC acquired a new position in Ulta Beauty during the 1st quarter worth approximately $800,000. Arkadios Wealth Advisors grew its stake in shares of Ulta Beauty by 14.9% during the 1st quarter. Arkadios Wealth Advisors now owns 657 shares of the specialty retailer's stock worth $343,000 after acquiring an additional 85 shares in the last quarter. Amundi grew its stake in shares of Ulta Beauty by 1.4% during the 1st quarter. Amundi now owns 476,481 shares of the specialty retailer's stock worth $249,061,000 after acquiring an additional 6,747 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ulta Beauty by 61.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,670 shares of the specialty retailer's stock valued at $873,000 after purchasing an additional 637 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $512.83 on Monday. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97. The stock has a market cap of $22.05 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.60 and a beta of 0.87. The business's 50 day moving average is $477.49 and its 200-day moving average is $552.88.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the firm posted $6.70 EPS. The firm's revenue for the quarter 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, sell-side analysts expect that Ulta Beauty Inc. will post 28.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Loop Capital reissued a "hold" rating and issued a $550.00 price objective on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Guggenheim began coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They issued a "buy" rating for the company. Evercore set a $635.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Wells Fargo & Company cut their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Ulta Beauty from $799.00 to $731.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $638.09.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the 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 $1,143,919.36. This trade represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company's stock.

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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