Tidal Investments LLC Boosts Position in Ulta Beauty Inc. $ULTA

Key Points

• Tidal Investments increased its Ulta Beauty stake by 34.6% in the second quarter, bringing its holdings to 17,553 shares valued at approximately $7.9 million. Institutional investors collectively own 90.39% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $624.57, although several firms recently lowered their targets.
• Ulta Beauty exceeded quarterly expectations, reporting $6.55 in earnings per share and $3.04 billion in revenue, with revenue up 8.9% year over year. Shares recently opened at $546.78, within a 12-month range of $443.60 to $714.97.

Tidal Investments LLC raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 34.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,553 shares of the specialty retailer's stock after buying an additional 4,513 shares during the period. Tidal Investments LLC's holdings in Ulta Beauty were worth $7,916,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ULTA. Norges Bank acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at about $430,963,000. Atria Investments Inc lifted its position in Ulta Beauty by 42.7% during the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer's stock worth $4,233,000 after acquiring an additional 2,093 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Ulta Beauty by 97.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer's stock worth $18,681,000 after acquiring an additional 17,625 shares during the period. Oxbow Advisors LLC purchased a new position in Ulta Beauty in the 1st quarter worth approximately $3,024,000. Finally, National Pension Service grew its position in 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 acquiring an additional 76,631 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ULTA shares. Canaccord Genuity Group dropped their price objective on shares of Ulta Beauty from $799.00 to $731.00 and set a "buy" rating on the stock in a research note on Wednesday, June 3rd. Citigroup lifted their price target on shares of Ulta Beauty from $560.00 to $580.00 and gave the stock a "neutral" rating in a research note on Friday, August 28th. Robert W. Baird cut their price objective on shares of Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating on the stock in a report on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating for the company in a research report on Wednesday, June 3rd. Finally, Loop Capital reaffirmed a "hold" rating and set a $550.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $624.57.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm's 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 transaction, the director owned 2,404 shares of the company's stock, 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 at this link. 0.20% of the stock is currently owned by company insiders.

Ulta Beauty Price Performance

Shares of ULTA opened at $546.78 on Friday. The stock has a market capitalization of $23.38 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.63 and a beta of 0.85. The business's fifty day moving average price is $514.13 and its 200 day moving average price is $525.15. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the prior year, the company earned $5.78 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, research analysts anticipate that Ulta Beauty Inc. will post 28.94 earnings per share for the current fiscal year.

Ulta Beauty 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.

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