UNIVEST FINANCIAL Corp Buys Shares of 15,329 Ulta Beauty Inc. $ULTA

Key Points

• Univest Financial initiated a position in Ulta Beauty during the second quarter, purchasing 15,329 shares valued at approximately $6.9 million.
• Institutional investors own 90.39% of Ulta Beauty, with major new or expanded positions from BlackRock, Norges Bank, Deutsche Bank and Bank of New York Mellon.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $638.09. Ulta recently exceeded quarterly EPS and revenue estimates, with revenue rising 11.1% year over year.

UNIVEST FINANCIAL Corp bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,329 shares of the specialty retailer's stock, valued at approximately $6,913,000.

Several other large investors also recently made changes to their positions in ULTA. BlackRock Inc. acquired a new stake in Ulta Beauty in the 2nd quarter valued at approximately $1,815,712,000. Diamant Asset Management Inc. grew its stake in shares of Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer's stock worth $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank bought a new position in shares of Ulta Beauty in the fourth quarter worth $430,963,000. Deutsche Bank AG acquired a new position in shares of Ulta Beauty during the second quarter valued at $124,784,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Ulta Beauty during the second quarter valued at $105,317,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the transaction, the director owned 2,404 shares in the company, valued at $1,143,919.36. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. TD Cowen reaffirmed a "buy" rating on shares of Ulta Beauty in a report on Tuesday, July 21st. Evercore set a $635.00 price objective on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Loop Capital reissued a "hold" rating and set a $550.00 target price on shares of Ulta Beauty in a report on Wednesday, June 3rd. Weiss Ratings downgraded Ulta Beauty from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, June 3rd. Finally, Canaccord Genuity Group decreased their price target on Ulta Beauty from $799.00 to $731.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $638.09.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $493.33 on Tuesday. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.87. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The firm's 50 day moving average price is $486.22 and its two-hundred day moving average price is $542.34.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. During the same quarter in the prior year, the company earned $6.70 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities analysts predict that Ulta Beauty Inc. will post 28.78 EPS for the current fiscal year.

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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