Handelsbanken Fonder AB Acquires 3,350 Shares of Ulta Beauty Inc. $ULTA

Handelsbanken Fonder AB lifted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 11.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,208 shares of the specialty retailer’s stock after buying an additional 3,350 shares during the period. Handelsbanken Fonder AB’s holdings in Ulta Beauty were worth $14,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ULTA. Avity Investment Management Inc. acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at $217,000. Gradient Investments LLC increased its position in Ulta Beauty by 1.2% during the second quarter. Gradient Investments LLC now owns 7,935 shares of the specialty retailer’s stock worth $3,579,000 after buying an additional 93 shares during the last quarter. Chesley Taft & Associates LLC increased its position in Ulta Beauty by 175.8% during the second quarter. Chesley Taft & Associates LLC now owns 3,227 shares of the specialty retailer’s stock worth $1,455,000 after buying an additional 2,057 shares during the last quarter. Czech National Bank raised its holdings in Ulta Beauty by 2.6% during the second quarter. Czech National Bank now owns 12,399 shares of the specialty retailer’s stock valued at $5,592,000 after buying an additional 317 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Ulta Beauty by 106.8% during the second quarter. Assenagon Asset Management S.A. now owns 98,703 shares of the specialty retailer’s stock valued at $44,513,000 after buying an additional 50,966 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 3.1%

Shares of ULTA opened at $515.57 on Friday. The stock’s 50-day moving average price is $484.74 and its 200 day moving average price is $544.51. The firm has a market capitalization of $22.16 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.66 and a beta of 0.87. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities research analysts expect that Ulta Beauty Inc. will post 28.78 EPS for the current year.

Wall Street Analyst Weigh In

ULTA has been the subject of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Robert W. Baird reduced their target price on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Canaccord Genuity Group decreased their target price on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Barclays lowered their price target on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, UBS Group reduced 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. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Insiders Place Their Bets

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director owned 2,404 shares of the company’s stock, 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 SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

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.