Fifth Third Bancorp Purchases 7,403 Shares of Ulta Beauty Inc. $ULTA

Fifth Third Bancorp increased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 165.2% in the first quarter, Holdings Channel.com reports. The fund owned 11,884 shares of the specialty retailer’s stock after purchasing an additional 7,403 shares during the period. Fifth Third Bancorp’s holdings in Ulta Beauty were worth $6,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new stake in Ulta Beauty during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC raised its stake in shares of Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 43 shares during the last quarter. Strengthening Families & Communities LLC raised its stake in shares of Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 42 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Ulta Beauty during the first quarter valued at $29,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Ulta Beauty during the fourth quarter valued at $30,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

ULTA stock opened at $478.86 on Friday. The company has a market cap of $20.59 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.45 and a beta of 0.88. The business’s 50-day moving average is $479.16 and its two-hundred day moving average is $563.80. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the company posted $6.70 EPS. The business’s quarterly 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. Equities analysts predict that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the firm’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 value of $182,246.72. Following the transaction, the director owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. TD Cowen lowered their target price on shares of Ulta Beauty from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Wells Fargo & Company lowered their target price on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Evercore set a $635.00 price target on shares of Ulta Beauty in a report on Wednesday, June 3rd. Finally, Piper Sandler reduced their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. One research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Key Stories Impacting Ulta Beauty

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

• Positive Sentiment: Ulta appointed board member Kelly E. Garcia as Chief Technology Officer, signaling continued investment in technology, personalization, and digital/omnichannel capabilities that could support long-term growth. Ulta Beauty names Domino’s veteran as CTO
• Positive Sentiment: Recent market commentary highlighted Ulta as a strong momentum stock and a top long-term idea, which can reinforce investor confidence in the shares. Here’s Why Ulta Beauty (ULTA) is a Strong Momentum Stock
• Positive Sentiment: Zacks also pointed to Ulta’s positive earnings outlook as a reason it remains attractive for long-term investors. Why Ulta Beauty (ULTA) is a Top Stock for the Long-Term
• Neutral Sentiment: Coverage noted that Ulta’s stock has been rising alongside a weaker broader market, reflecting relative strength rather than a major new company-specific catalyst. Ulta Beauty (ULTA) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Ulta also drew attention for its ongoing omnichannel investments in loyalty, content, and stores, but this was more of a strategic update than a fresh earnings-related catalyst. Loyalty, Content and Stores: How Ulta Beauty is Investing in Omnichannel

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.