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

Citizens Financial Group Inc. RI bought a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,470 shares of the specialty retailer’s stock, valued at approximately $1,114,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. UNIVEST FINANCIAL Corp purchased a new stake in shares of Ulta Beauty during the second quarter worth about $6,913,000. K.J. Harrison & Partners Inc purchased a new position in Ulta Beauty during the 2nd quarter valued at about $2,909,000. Paladin Partners LLC purchased a new position in Ulta Beauty during the 2nd quarter valued at about $239,000. BlackRock Inc. bought a new position in Ulta Beauty during the 2nd quarter valued at approximately $1,815,712,000. Finally, Pallas Capital Advisors LLC bought a new position in Ulta Beauty during the 2nd quarter valued at approximately $1,362,000. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s 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 of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Evercore set a $635.00 target price on Ulta Beauty in a report on Wednesday, June 3rd. Citigroup dropped their price target on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Loop Capital reiterated a “hold” rating and issued a $550.00 price target on shares of Ulta Beauty in a report on Wednesday, June 3rd. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $638.09.

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.

Ulta Beauty Trading Up 4.7%

Shares of Ulta Beauty stock 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 firm has a market capitalization of $22.21 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.59 and a beta of 0.87. The business has a fifty day simple moving average of $487.00 and a two-hundred day simple moving average of $541.49.

Ulta Beauty (NASDAQ:ULTA) last issued 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. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the business earned $6.70 EPS. Ulta Beauty’s quarterly revenue was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Analysts predict that Ulta Beauty Inc. will post 28.78 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.