Citizens Financial Group Inc. RI Takes $1.11 Million Position in Ulta Beauty Inc. $ULTA

Citizens Financial Group Inc. RI acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,470 shares of the specialty retailer’s stock, valued at approximately $1,114,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. Norges Bank purchased a new position in Ulta Beauty in the fourth quarter worth about $430,963,000. Atria Investments Inc increased its position in shares of Ulta Beauty by 42.7% during the 4th 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 last quarter. Janney Montgomery Scott LLC increased its position 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 valued at $18,681,000 after purchasing an additional 17,625 shares during the last quarter. National Pension Service lifted its stake in shares of Ulta Beauty by 2,704.0% in the 4th quarter. National Pension Service now owns 79,465 shares of the specialty retailer’s stock worth $48,077,000 after purchasing an additional 76,631 shares during the period. Finally, Oxbow Advisors LLC bought a new position in shares of Ulta Beauty in the 1st quarter worth approximately $3,024,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 4.7%

NASDAQ ULTA opened at $516.74 on Wednesday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The stock has a market cap 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 company’s 50 day moving average is $487.00 and its two-hundred day moving average is $541.49.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. The firm had revenue of $3.16 billion during 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 company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 28.78 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $182,246.72. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Key Headlines Impacting 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. DA Davidson cut their target price on shares of Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Wells Fargo & Company dropped their price target 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. Canaccord Genuity Group cut their price objective on shares of 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, 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 research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $638.09.

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.