United Asset Strategies Inc. Acquires New Holdings in Ulta Beauty Inc. $ULTA

Key Points

• United Asset Strategies acquired 1,619 Ulta Beauty shares worth approximately $884,000 in the third quarter. Institutional investors collectively own 90.39% of the company’s stock.
• Wall Street remains generally bullish: 24 analysts rate ULTA a Buy and eight rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $631.30.
• Ulta Beauty recently exceeded quarterly expectations, reporting $6.55 in EPS and $3.04 billion in revenue, with revenue up 8.9% year over year; shares were trading at $640.43, down 1.2%.

United Asset Strategies Inc. acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,619 shares of the specialty retailer's stock, valued at approximately $884,000.

A number of other hedge funds also recently bought and sold shares of ULTA. VestGen Advisors LLC increased its holdings in shares of Ulta Beauty by 1.8% in the 3rd quarter. VestGen Advisors LLC now owns 895 shares of the specialty retailer's stock valued at $489,000 after acquiring an additional 16 shares during the period. Root Financial Partners LLC lifted its stake in shares of Ulta Beauty by 12.1% during the 1st quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer's stock worth $87,000 after purchasing an additional 18 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Ulta Beauty by 46.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 66 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 21 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Ulta Beauty by 0.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,583 shares of the specialty retailer's stock worth $1,616,000 after purchasing an additional 23 shares during the last quarter. Finally, Avity Investment Management Inc. lifted its stake in shares of Ulta Beauty by 5.4% during the 3rd quarter. Avity Investment Management Inc. now owns 507 shares of the specialty retailer's stock worth $277,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ULTA. TD Cowen reiterated a "buy" rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Guggenheim began coverage on shares of Ulta Beauty in a report on Tuesday, September 15th. They issued a "buy" rating for the company. Weiss Ratings raised shares of Ulta Beauty from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Royal Bank Of Canada upgraded shares of Ulta Beauty to an "outperform" rating in a report on Tuesday, September 15th. Finally, UBS Group set a $631.00 price objective 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 issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $631.30.

Ulta Beauty Trading Down 1.2%

Shares of ULTA stock opened at $640.43 on Friday. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97. The business's fifty day simple moving average is $564.84 and its 200-day simple moving average is $554.29. The company has a market cap of $27.38 billion, a PE ratio of 23.34, a PEG ratio of 1.94 and a beta of 0.84.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 45.40% and a net margin of 9.34%. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter last year, the firm earned $5.78 EPS. The business's quarterly 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. On average, equities analysts forecast that Ulta Beauty Inc. will post 28.95 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director Lorna Nagler sold 600 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the sale, the director owned 7,168 shares of the company's stock, valued at approximately $3,851,438.08. This trade represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kecia Steelman sold 2,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 40,489 shares of the company's stock, valued at approximately $22,102,135.32. This represents a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company's stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty's private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.

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