Plato Investment Management Ltd Purchases New Position in Ulta Beauty Inc. $ULTA

Plato Investment Management Ltd acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,721 shares of the specialty retailer’s stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Ulta Beauty during the 2nd quarter worth $18,308,000. HBK Sorce Advisory LLC bought a new stake in shares of Ulta Beauty in the second quarter valued at about $230,000. Global Retirement Partners LLC bought a new stake in shares of Ulta Beauty in the second quarter valued at about $234,000. Lynch Asset Management Inc. purchased a new stake in Ulta Beauty in the second quarter worth about $2,458,000. Finally, Bank of New York Mellon Corp purchased a new stake in Ulta Beauty in the second quarter worth about $105,317,000. 90.39% of the stock is owned by institutional investors.

More Ulta Beauty News

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 Price Performance

Shares of ULTA stock opened at $516.74 on Wednesday. Ulta Beauty Inc. has a 1-year low of $443.60 and a 1-year high of $714.97. The stock’s 50-day moving average is $487.00 and its 200 day moving average is $541.49. The company has a market cap of $22.21 billion, a P/E ratio of 19.38, a PEG ratio of 1.59 and a beta of 0.87.

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, beating the consensus estimate of $6.89 by $0.85. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts anticipate that Ulta Beauty Inc. will post 28.78 EPS for the current year.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business’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 completion of the transaction, the director owned 2,404 shares in the company, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on ULTA shares. The Goldman Sachs Group dropped their target price on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Wells Fargo & Company reduced their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. Robert W. Baird lowered their price target on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. B. Riley Financial dropped their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $638.09.

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.