Wealthfront Advisers LLC Takes Position in Ulta Beauty Inc. $ULTA

Wealthfront Advisers LLC purchased a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,248 shares of the specialty retailer's stock, valued at approximately $1,916,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in shares of Ulta Beauty in the 4th quarter worth $25,000. Strengthening Families & Communities LLC increased its holdings in Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Hilton Head Capital Partners LLC lifted its stake in Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer's stock valued at $25,000 after buying an additional 43 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Ulta Beauty in the fourth quarter valued at about $30,000. Finally, Ascentis Independent Advisors bought a new position in Ulta Beauty during the first quarter worth about $29,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the subject of several analyst reports. TD Cowen restated a "buy" rating on shares of Ulta Beauty in a research report on Tuesday, July 21st. Morgan Stanley reduced their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings cut shares of Ulta Beauty from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, June 3rd. Canaccord Genuity Group lowered their target price on shares of Ulta Beauty from $799.00 to $731.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. Finally, Evercore set a $635.00 target price on shares of Ulta Beauty in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $638.09.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $515.14 on Friday. The firm has a market cap of $22.15 billion, a P/E ratio of 19.32, a P/E/G ratio of 1.65 and a beta of 0.87. The stock's 50-day moving average is $488.92 and its 200-day moving average is $539.83. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share 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 business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. During the same quarter in the previous year, the business posted $6.70 EPS. Ulta Beauty's revenue for the quarter was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the company's stock in a transaction that occurred on Monday, June 15th. The shares were 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 represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

Key Stories Impacting Ulta Beauty

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

• Positive Sentiment: Analysts at Zacks said Ulta has a favorable combination of earnings-estimate revisions and historical earnings-surprise factors, suggesting the company could exceed expectations in its upcoming report. The company previously reported quarterly EPS and revenue above consensus, supporting optimism ahead of the release. Ulta Beauty Earnings Expected to Grow
• Positive Sentiment: Ulta is expanding its product assortment through an exclusive U.S. partnership with Chinese beauty company Nutrire. The hair-wellness brand will launch on Ulta.com before expanding to approximately 250 stores, potentially supporting traffic, differentiation and sales growth. China Beauty Firm Expands in U.S. With Ulta Deal
• Positive Sentiment: Ulta is also among the lead tenants opening at a new Skillman shopping center, adding another store location and potential source of long-term sales. Ulta Beauty Opens at Skillman Shopping Center
• Neutral Sentiment: Ulta is expected to announce quarterly earnings on August 27. The event is a near-term catalyst, with investors focused on comparable sales, margins and management’s outlook. Ulta Beauty to Announce Quarterly Earnings
• Negative Sentiment: Target has finalized the end of its Ulta shop-in-shop arrangement and plans to replace it with its own Beauty Studio concept in about 600 stores. The termination removes a sizable distribution channel and could weigh on investor sentiment, even though Ulta is redirecting its strategy toward company stores and exclusive brands. Target Finalizes Partnership Exit

Ulta Beauty Company Profile

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source