K.J. Harrison & Partners Inc Makes New $2.91 Million Investment in Ulta Beauty Inc. $ULTA

Key Points

• K.J. Harrison & Partners acquired 6,450 Ulta Beauty shares worth approximately $2.91 million during the second quarter. Institutional investors and hedge funds collectively own 90.39% of the company.
• Analyst sentiment remains broadly positive, with 20 analysts rating Ulta Beauty Buy or Strong Buy and an average price target of $638.09, despite several recent target reductions.
• Ulta Beauty exceeded quarterly expectations, reporting $7.74 in earnings per share versus the $6.89 consensus and $3.16 billion in revenue, up 11.1% year over year. Shares opened at $493.33, near the lower end of their 52-week range.

K.J. Harrison & Partners Inc acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,450 shares of the specialty retailer's stock, valued at approximately $2,909,000.

A number of other hedge funds also recently made changes to their positions in ULTA. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC raised its stake in Ulta Beauty by 860.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 43 shares during the period. Strengthening Families & Communities LLC lifted its holdings in Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Clearstead Trust LLC bought a new position in Ulta Beauty during the second quarter worth $27,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Ulta Beauty in the first quarter valued at $29,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated 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. The trade was a 13.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ULTA shares. Wells Fargo & Company dropped their price objective 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. Bank of America raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and set a $685.00 target price for the company in a report on Tuesday, May 5th. UBS Group decreased their price target on shares of Ulta Beauty from $810.00 to $735.00 and set a "buy" rating on the stock in a research note on Wednesday, June 3rd. DA Davidson lowered their price target on shares of Ulta Beauty from $650.00 to $585.00 and set a "buy" rating on the stock in a report on Wednesday, June 3rd. Finally, Guggenheim assumed coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They set a "buy" rating for the company. One equities 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $638.09.

Ulta Beauty Price Performance

ULTA stock opened at $493.33 on Tuesday. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.59 and a beta of 0.87. The business's fifty day moving average price is $486.22 and its two-hundred day moving average price is $542.34. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its 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. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Research analysts expect that Ulta Beauty Inc. will post 28.78 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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