Diamond Hill Capital Management LLC Investment Advisor Invests $18.31 Million in Ulta Beauty Inc. $ULTA

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,597 shares of the specialty retailer’s stock, valued at approximately $18,308,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.09% of Ulta Beauty as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac bought a new position in shares of Ulta Beauty in the fourth quarter worth approximately $25,000. Strengthening Families & Communities LLC lifted its position in Ulta Beauty by 4,200.0% during 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 position in Ulta Beauty by 860.0% during the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 43 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in Ulta Beauty in the 4th quarter worth approximately $30,000. Finally, Ascentis Independent Advisors purchased a new position in Ulta Beauty in the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler decreased their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Guggenheim began coverage on shares of Ulta Beauty in a report on Monday, April 20th. They set a “buy” rating for the company. Wedbush assumed coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Barclays reduced their target price on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, B. Riley Financial lowered their price target on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $638.09.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $510.75 on Monday. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The firm’s 50 day simple moving average is $485.61 and its two-hundred day simple moving average is $543.45. The stock has a market capitalization of $21.96 billion, a P/E ratio of 19.15, a PEG ratio of 1.59 and a beta of 0.87.

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

Ulta Beauty 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.