State Street Corp Has $913.06 Million Holdings in Ulta Beauty Inc. $ULTA

Key Points

• State Street increased its Ulta Beauty stake by 1.1% in the second quarter to 2.02 million shares valued at approximately $913.1 million, representing a 4.73% ownership interest. Institutional investors collectively own 90.39% of the company.
• Ulta exceeded quarterly expectations, reporting $6.55 in EPS and $3.04 billion in revenue, with revenue up 8.9% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $627.83.
• Insiders sold shares: CEO Kecia Steelman sold 2,000 shares for about $1.09 million, while director Lorna Nagler sold 600 shares for approximately $322,000. Insiders collectively own just 0.20% of the stock.

State Street Corp raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,024,623 shares of the specialty retailer's stock after purchasing an additional 22,036 shares during the period. State Street Corp owned 4.73% of Ulta Beauty worth $913,064,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Ulta Beauty during the 4th quarter worth about $430,963,000. Janney Montgomery Scott LLC boosted its position in Ulta Beauty by 97.3% during the first quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer's stock worth $18,681,000 after purchasing an additional 17,625 shares during the period. Vise Technologies Inc. acquired a new position in Ulta Beauty during the second quarter valued at approximately $1,033,000. Oxbow Advisors LLC acquired a new position in Ulta Beauty during the first quarter valued at approximately $3,024,000. Finally, National Pension Service raised its position in shares of Ulta Beauty by 2,704.0% in the fourth quarter. National Pension Service now owns 79,465 shares of the specialty retailer's stock valued at $48,077,000 after purchasing an additional 76,631 shares during the period. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In other news, Director Lorna Nagler sold 600 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $537.31, for a total value of $322,386.00. Following the sale, the director directly owned 7,168 shares in the company, valued at approximately $3,851,438.08. This represents a 7.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Kecia Steelman sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total value of $1,091,760.00. Following the transaction, the chief executive officer owned 40,489 shares of the company's stock, valued at $22,102,135.32. This trade represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ULTA. Guggenheim initiated coverage on shares of Ulta Beauty in a research note on Tuesday, September 15th. They issued a "buy" rating on the stock. Canaccord Genuity Group dropped their price objective on Ulta Beauty from $799.00 to $731.00 and set a "buy" rating on the stock in a research note on Wednesday, June 3rd. Raymond James Financial cut Ulta Beauty from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, September 15th. FBN Securities began coverage on Ulta Beauty in a research note on Tuesday, September 15th. They set an "outperform" rating for the company. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $650.00 price target on shares of Ulta Beauty in a research report on Friday, August 28th. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $627.83.

Key Ulta Beauty News

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: New brand expansion could support sales. Chinese beauty brand Flower Knows is expanding into Ulta Beauty stores as it marks its 10th anniversary, adding differentiated cosmetics and potentially attracting younger and internationally focused shoppers. Flower Knows Takes C-Beauty To Ulta Beauty Stores As Brand Turns 10
• Positive Sentiment: Analyst sentiment remains favorable. Ulta carries a consensus “Moderate Buy” rating, with 24 Buy ratings and eight Holds. The average analyst price target of $627.83 is above recent trading levels, although some firms have reduced targets or adopted more cautious ratings. Ulta Beauty Receives Average Rating of Moderate Buy
• Positive Sentiment: Beauty and wellness engagement remains a potential demand driver. Coverage highlighting Ulta’s popular wellness brands and fall promotions suggests continued customer interest and strong promotional traffic, while recent institutional buying provides additional support for the long-term story. The Top 10 Wellness Brands at Ulta Beauty in August
• Neutral Sentiment: Performance has been relatively subdued. Ulta has gained only 4.7% since March, trailing the S&P 500’s 16.4% advance, leaving investors focused on whether earnings growth and new brands can reignite momentum. 3 Reasons We’re Fans of Ulta
• Negative Sentiment: CEO insider selling may weigh on sentiment. President and CEO Kecia Steelman sold 2,000 shares for approximately $1.09 million, reducing her holdings by 4.71%. She still owns about 40,489 shares, so the transaction is not necessarily a signal of deteriorating fundamentals, but it can raise caution among investors. Insider Selling: Ulta Beauty CEO Sells 2,000 Shares

Ulta Beauty Trading Down 0.7%

ULTA opened at $553.86 on Wednesday. The stock's 50 day simple moving average is $525.86 and its 200-day simple moving average is $517.52. The stock has a market cap of $23.68 billion, a PE ratio of 20.18, a P/E/G ratio of 1.67 and a beta of 0.85. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter in the prior year, the company posted $5.78 EPS. The business's revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities analysts forecast that Ulta Beauty Inc. will post 28.94 earnings per share for the current fiscal year.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc. (NASDAQ:ULTA - Free Report).

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.