NewEdge Advisors LLC Acquires 6,106 Shares of Ulta Beauty Inc. $ULTA

NewEdge Advisors LLC grew its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 70.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,769 shares of the specialty retailer’s stock after buying an additional 6,106 shares during the quarter. NewEdge Advisors LLC’s holdings in Ulta Beauty were worth $7,720,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Diamant Asset Management Inc. boosted 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 acquiring an additional 1,471,222 shares during the period. Norges Bank bought a new stake in Ulta Beauty during the 4th quarter valued at approximately $430,963,000. Corient Private Wealth LLC lifted its holdings in Ulta Beauty by 1,837.4% in the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after purchasing an additional 219,075 shares in the last quarter. Invesco Ltd. boosted its stake in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after purchasing an additional 211,485 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its stake in Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after purchasing an additional 211,266 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In other Ulta Beauty 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 transaction of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

Ulta Beauty Trading Down 2.9%

Shares of Ulta Beauty stock opened at $548.66 on Tuesday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The stock’s fifty day moving average price is $481.53 and its 200-day moving average price is $547.77. The firm has a market cap of $23.59 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.76 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the business earned $6.70 earnings per share. Ulta Beauty’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. Analysts forecast that Ulta Beauty Inc. will post 28.78 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ULTA. B. Riley Financial dropped their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their price target on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. DA Davidson cut their price objective on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Wedbush began coverage on Ulta Beauty in a report on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, TD Cowen reissued a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. One 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 given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $638.09.

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.