Bull Harbor Capital LLC Acquires New Position in Ulta Beauty Inc. $ULTA

Bull Harbor Capital LLC bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the first quarter, Holdings Channel reports. The institutional investor bought 1,530 shares of the specialty retailer’s stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Ulta Beauty in the 4th quarter worth about $430,963,000. Atria Investments Inc grew its holdings in Ulta Beauty by 42.7% in the fourth quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer’s stock valued at $4,233,000 after purchasing an additional 2,093 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Ulta Beauty by 27.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock valued at $164,364,000 after buying an additional 58,719 shares in the last quarter. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $1,903,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Ulta Beauty by 97.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer’s stock worth $18,681,000 after buying an additional 17,625 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ULTA has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. UBS Group cut their price target on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Bank of America upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective for the company in a research report on Tuesday, May 5th. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and increased their price objective for the company from $635.00 to $700.00 in a report on Monday, April 20th. Finally, Wedbush initiated coverage on shares of Ulta Beauty in a research note on Monday, April 20th. They set an “outperform” rating for the company. One 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $638.09.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s 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 completion of the sale, the director owned 2,404 shares of the company’s stock, valued at $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $516.73 on Friday. The business’s 50 day moving average price is $477.54 and its 200-day moving average price is $553.93. The firm has a market capitalization of $22.21 billion, a PE ratio of 19.37, a P/E/G ratio of 1.58 and a beta of 0.88. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the business earned $6.70 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, analysts expect that Ulta Beauty Inc. will post 28.77 earnings per share for the current year.

Ulta Beauty 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.