United Asset Strategies Inc. Makes New Investment in Ulta Beauty Inc. $ULTA

United Asset Strategies Inc. acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,619 shares of the specialty retailer’s stock, valued at approximately $884,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Ulta Beauty in the 2nd quarter worth $1,815,712,000. Bank of America Corp DE acquired a new stake in Ulta Beauty during the 2nd quarter worth about $260,192,000. Legal & General Group Plc acquired a new stake in Ulta Beauty during the 2nd quarter worth about $161,600,000. Deutsche Bank AG purchased a new stake in Ulta Beauty during the 2nd quarter valued at about $124,784,000. Finally, Bank of New York Mellon Corp purchased a new stake in Ulta Beauty during the 2nd quarter valued at about $105,317,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, CEO Kecia Steelman sold 2,000 shares of Ulta Beauty stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the completion of the transaction, the chief executive officer owned 40,489 shares in the company, valued at approximately $22,102,135.32. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lorna Nagler sold 600 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the transaction, the director directly owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. This trade represents a 7.72% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ULTA. Weiss Ratings raised Ulta Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. BMO Capital Markets began coverage on Ulta Beauty in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $580.00 price objective for the company. UBS Group set a $631.00 target price on Ulta Beauty in a report on Friday, August 28th. The Goldman Sachs Group upped their target price on Ulta Beauty from $648.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, DA Davidson reiterated a “buy” rating and issued a $625.00 target price on shares of Ulta Beauty in a research report on Monday, September 14th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $631.30.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $640.43 on Friday. The firm has a fifty day moving average price of $564.84 and a 200 day moving average price of $554.29. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The stock has a market cap of $27.38 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $5.78 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts expect that Ulta Beauty Inc. will post 28.95 EPS for the current year.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.