Pallas Capital Advisors LLC Buys New Shares in Ulta Beauty Inc. $ULTA

Pallas Capital Advisors LLC bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,020 shares of the specialty retailer’s stock, valued at approximately $1,362,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac purchased a new stake in Ulta Beauty in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 43 shares during the period. Strengthening Families & Communities LLC lifted its holdings in shares of Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares during the period. Clearstead Trust LLC acquired a new stake in shares of Ulta Beauty in the second quarter worth approximately $27,000. Finally, Ascentis Independent Advisors purchased a new stake in Ulta Beauty in the first quarter valued at approximately $29,000. 90.39% of the stock is owned by institutional investors and hedge funds.

More Ulta Beauty News

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

• Positive Sentiment: Ulta is launching hair-wellness brand Nutrire exclusively on Ulta.com before expanding the brand to 250 U.S. stores. Skincare brand Dr. Reju-All is also making its nationwide retail debut through Ulta. The launches broaden the retailer’s product assortment and support its strategy of discovering and scaling emerging beauty brands through the Sparked program. Ulta Beauty Adds Exclusive Brand Launch And 250 Store Rollout
• Positive Sentiment: Ulta appointed Brieane Olson, chief executive officer of Pacsun, as an independent director. Her retail and consumer-brand experience could add strategic perspective as Ulta works to sustain growth and strengthen its board. Ulta Beauty Appoints Brieane Olson to Its Board of Directors
• Positive Sentiment: Recent coverage characterized ULTA as a strong value stock, which may have attracted bargain-oriented investors following the recent pullback. The company’s latest reported quarter also showed earnings and revenue above consensus expectations, with revenue up 11.1% year over year.

Ulta Beauty Stock Performance

ULTA opened at $516.74 on Wednesday. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The firm has a 50 day moving average price of $487.00 and a 200 day moving average price of $541.49. The company has a market cap of $22.21 billion, a PE ratio of 19.38, 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 for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the company posted $6.70 earnings per share. Ulta Beauty’s revenue was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, sell-side analysts predict that Ulta Beauty Inc. will post 28.78 earnings per share for the current year.

Insider Activity at Ulta Beauty

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 transaction of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ULTA shares. JPMorgan Chase & Co. dropped their price target on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Robert W. Baird decreased their price target on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Piper Sandler dropped their price objective on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company cut their target price on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 3rd. One research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $638.09.

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.