UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,295 Shares of Ulta Beauty Inc. $ULTA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,586 shares of the specialty retailer's stock after selling 4,295 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.90% of Ulta Beauty worth $175,245,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $1,815,712,000. Diamant Asset Management Inc. increased its position in shares of 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 valued at $77,050,000 after purchasing an additional 1,471,222 shares during the period. Norges Bank bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $430,963,000. Bank of America Corp DE acquired a new position in shares of Ulta Beauty in the second quarter valued at $260,192,000. Finally, Legal & General Group Plc acquired a new position in shares of Ulta Beauty in the second quarter valued at $161,600,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $545.66 on Wednesday. The stock's fifty day simple moving average is $500.73 and its 200 day simple moving average is $531.63. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.61 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data 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 return on equity of 45.40% and a net margin of 9.34%.The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, research analysts anticipate that Ulta Beauty Inc. will post 28.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Ulta Beauty from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, June 3rd. UBS Group set a $631.00 price objective on shares of Ulta Beauty in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $475.00 to $450.00 and set an "underweight" rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating and set a $650.00 target price on shares of Ulta Beauty in a research report on Friday. Finally, Evercore set a $635.00 target price on shares of Ulta Beauty in a research note 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 issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Ulta Beauty currently has an average rating of "Moderate Buy" and an average price target of $626.59.

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the company'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 sale, the director owned 2,404 shares of the company's stock, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

About Ulta Beauty

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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