UNIVEST FINANCIAL Corp Makes New Investment in Ulta Beauty Inc. $ULTA

UNIVEST FINANCIAL Corp bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 15,329 shares of the specialty retailer’s stock, valued at approximately $6,913,000.

A number of other hedge funds also recently modified their holdings of ULTA. BlackRock Inc. acquired a new stake in shares of Ulta Beauty in the second quarter worth $1,815,712,000. Diamant Asset Management Inc. raised its position in Ulta Beauty by 52,171.0% during the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after buying an additional 1,471,222 shares during the period. Norges Bank acquired a new position in Ulta Beauty during the fourth quarter valued at $430,963,000. Deutsche Bank AG purchased a new stake in Ulta Beauty in the 2nd quarter worth about $124,784,000. Finally, Bank of New York Mellon Corp purchased a new stake in Ulta Beauty in the 2nd quarter worth about $105,317,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty 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 sale, the director directly owned 2,404 shares in the company, valued at $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ULTA. Canaccord Genuity Group lowered their target price on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Morgan Stanley reduced their price target on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Finally, Loop Capital reiterated a “hold” rating and issued a $550.00 price objective on shares of Ulta Beauty 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $638.09.

Ulta Beauty Price Performance

ULTA opened at $493.33 on Tuesday. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97. The business has a 50-day moving average of $486.22 and a 200-day moving average of $542.34. The company has a market capitalization of $21.21 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last announced 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. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts expect that Ulta Beauty Inc. will post 28.78 earnings per share 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.