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

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

Other institutional investors also recently bought and sold shares of the company. Diamant Asset Management Inc. raised its stake in shares of Ulta Beauty by 52,171.0% during the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after buying an additional 1,471,222 shares during the last quarter. Norges Bank acquired a new stake in Ulta Beauty in the 4th quarter valued at about $430,963,000. Deutsche Bank AG acquired a new stake in Ulta Beauty in the 2nd quarter valued at about $124,784,000. Bank of New York Mellon Corp purchased a new position in Ulta Beauty during the 2nd quarter valued at about $105,317,000. Finally, Corient Private Wealth LLC increased its holdings in Ulta Beauty by 1,837.4% during the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock valued at $139,756,000 after acquiring an additional 219,075 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’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 transaction 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 represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of several recent research reports. Loop Capital reaffirmed a “hold” rating and issued a $550.00 price target on shares of Ulta Beauty in a report on Wednesday, June 3rd. The Goldman Sachs Group dropped their price objective on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Robert W. Baird cut their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Canaccord Genuity Group cut their price objective 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. Finally, Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Trending Headlines about Ulta Beauty

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 Trading Up 4.7%

Shares of ULTA stock opened at $516.74 on Wednesday. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.59 and a beta of 0.87. The firm has a 50-day moving average price of $487.00 and a 200 day moving average price of $541.49. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month 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, topping the consensus estimate of $6.89 by $0.85. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, research analysts predict that Ulta Beauty Inc. will post 28.78 earnings per share for the current year.

Ulta Beauty Company Profile

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.