Nykredit A S Makes New Investment in Ulta Beauty Inc. $ULTA

Key Points

• Nykredit A S purchased 26,288 Ulta Beauty shares worth approximately $11.9 million in the second quarter, while institutional investors collectively owned 90.39% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $626.59; individual targets range from $580 to $700.
• Ulta Beauty exceeded quarterly expectations, reporting EPS of $6.55 versus the $6.22 estimate and revenue of $3.04 billion, up 8.9% year over year.

Nykredit A S purchased 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 firm purchased 26,288 shares of the specialty retailer's stock, valued at approximately $11,855,000. Nykredit A S owned 0.06% of Ulta Beauty at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ULTA. BlackRock Inc. acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $1,815,712,000. Diamant Asset Management Inc. raised its holdings in Ulta Beauty by 52,171.0% during the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer's stock worth $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank bought a new stake in Ulta Beauty during the fourth quarter worth approximately $430,963,000. Bank of America Corp DE acquired a new stake in Ulta Beauty in the second quarter worth approximately $260,192,000. Finally, Legal & General Group Plc bought a new position in Ulta Beauty during the second quarter valued at about $161,600,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ULTA. Citigroup lifted their price target on Ulta Beauty from $560.00 to $580.00 and gave the stock a "neutral" rating in a research note on Friday, August 28th. Weiss Ratings restated a "hold (c)" rating on shares of Ulta Beauty in a report on Monday. Raymond James Financial reaffirmed a "strong-buy" rating and set a $700.00 price objective on shares of Ulta Beauty in a research report on Friday, August 28th. Evercore set a $635.00 target price on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Finally, Barclays decreased their target price on Ulta Beauty from $647.00 to $645.00 and set an "overweight" rating on the stock in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $626.59.

Insider Activity at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director owned 2,404 shares of the company's stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $564.12 on Friday. The firm's 50-day simple moving average is $505.13 and its 200-day simple moving average is $530.17. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The firm has a market cap of $24.12 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.33. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities analysts forecast that Ulta Beauty Inc. will post 28.93 earnings per share for the current fiscal 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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