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

QRG Capital Management Inc. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 25.5% in the 1st quarter, according to its most recent Form 13F filing 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 and other institutional investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in Ulta Beauty in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC raised its holdings in Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Strengthening Families & Communities LLC lifted its position in shares of Ulta Beauty by 4,200.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Ulta Beauty during the fourth quarter worth $30,000. Finally, BOKF NA bought a new position in shares of Ulta Beauty in the third quarter worth $31,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Ulta Beauty in a research note on Tuesday, March 10th. UBS Group reduced their target price on Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group reduced their target price on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. DA Davidson lowered their price target on shares of Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Piper Sandler lowered their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a report 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 issued a Sell rating to the stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $638.09.

Insider Activity at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’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 value of $182,246.72. Following the transaction, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Ulta Beauty Trading Up 0.6%

Shares of Ulta Beauty stock traded up $2.63 during trading on Tuesday, hitting $455.12. The stock had a trading volume of 69,823 shares, compared to its average volume of 721,842. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.44 and a beta of 0.88. The business’s 50-day moving average is $492.85 and its 200 day moving average is $572.46.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data 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 during 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% on a year-over-year basis. During the same quarter last year, the company earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities analysts expect that Ulta Beauty Inc. will post 28.76 EPS 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.