Public Employees Retirement System of Ohio Purchases Shares of 14,336 Ulta Beauty Inc. $ULTA

Key Points

• Public Employees Retirement System of Ohio acquired 14,336 Ulta Beauty shares worth approximately $6.5 million during the second quarter. Institutional investors collectively own 90.39% of the company.
• Ulta Beauty reported quarterly earnings of $6.55 per share, exceeding estimates of $6.22, while revenue reached $3.04 billion and increased 8.9% year over year.
• ULTA shares opened at $545.66, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $626.59.

Public Employees Retirement System of Ohio 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 14,336 shares of the specialty retailer's stock, valued at approximately $6,465,000.

Several other large investors have also made changes to their positions in ULTA. Fideuram Asset Management Ireland dac bought a new position in Ulta Beauty during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC grew its holdings in shares of Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 43 shares in the last quarter. Strengthening Families & Communities LLC increased its position in shares of Ulta Beauty by 4,200.0% during the fourth 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 period. Clearstead Trust LLC acquired a new position in shares of Ulta Beauty in the second quarter valued at $27,000. Finally, Ascentis Independent Advisors bought a new stake in Ulta Beauty in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty 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 transaction of $182,246.72. Following the completion of the sale, the director owned 2,404 shares of the company's stock, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Ulta Beauty Stock Up 1.6%

ULTA stock opened at $545.66 on Wednesday. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The company has a market cap of $23.33 billion, a P/E ratio of 19.89, a PEG ratio of 1.61 and a beta of 0.85. The business has a fifty day moving average of $500.73 and a 200-day moving average of $531.63.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 45.40% and a net margin of 9.34%.The company's revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities research analysts anticipate that Ulta Beauty Inc. will post 28.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. B. Riley Financial reduced their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating for the company in a report on Wednesday, June 3rd. Weiss Ratings lowered shares of Ulta Beauty from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, June 3rd. Citigroup lifted their price objective on Ulta Beauty from $560.00 to $580.00 and gave the company a "neutral" rating in a report on Friday. William Blair reissued a "market perform" rating on shares of Ulta Beauty in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. lowered their price target on Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $626.59.

Ulta Beauty 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source