QRG Capital Management Inc. Purchases 1,427 Shares of Ulta Beauty Inc. $ULTA

QRG Capital Management Inc. raised its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 25.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,013 shares of the specialty retailer’s stock after purchasing an additional 1,427 shares during the period. QRG Capital Management Inc.’s holdings in Ulta Beauty were worth $3,666,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Ulta Beauty by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,376,848 shares of the specialty retailer’s stock valued at $3,253,047,000 after purchasing an additional 23,434 shares during the last quarter. State Street Corp lifted its position in Ulta Beauty by 2.5% in the 4th quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer’s stock worth $1,225,487,000 after buying an additional 50,305 shares during the last quarter. Diamant Asset Management Inc. lifted its position in Ulta Beauty by 52,171.0% in 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. Sanders Capital LLC boosted its stake in Ulta Beauty by 8.9% in the third quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after buying an additional 103,540 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Ulta Beauty by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer’s stock valued at $747,587,000 after acquiring an additional 21,947 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price target on the stock in a research note on Tuesday, May 5th. William Blair reaffirmed a “market perform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. JPMorgan Chase & Co. reduced their target price on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Loop Capital reiterated a “hold” rating and issued a $550.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Finally, TD Cowen reduced their price objective on Ulta Beauty from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $638.09.

Ulta Beauty Trading Up 0.6%

Shares of ULTA stock traded up $2.63 during mid-day trading on Tuesday, reaching $455.12. The stock had a trading volume of 69,823 shares, compared to its average volume of 721,842. The firm has a market capitalization of $19.57 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.44 and a beta of 0.88. The stock’s 50-day moving average price is $492.85 and its two-hundred day moving average price is $572.46. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its 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. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period last year, the firm earned $6.70 earnings per share. Ulta Beauty’s quarterly revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

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.