SummitTX Capital L.P. Takes Position in Ulta Beauty Inc. $ULTA

SummitTX Capital L.P. purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,228 shares of the specialty retailer’s stock, valued at approximately $5,346,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank acquired a new position in Ulta Beauty during the 4th quarter valued at approximately $430,963,000. Atria Investments Inc increased its position in shares of Ulta Beauty by 42.7% in the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer’s stock valued at $4,233,000 after acquiring an additional 2,093 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Ulta Beauty by 27.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock worth $164,364,000 after acquiring an additional 58,719 shares during the last quarter. Andrew Hill Investment Advisors Inc. acquired a new stake in Ulta Beauty during the 4th quarter worth about $1,903,000. Finally, National Pension Service lifted its position in Ulta Beauty by 2,704.0% during the 4th quarter. National Pension Service now owns 79,465 shares of the specialty retailer’s stock worth $48,077,000 after acquiring an additional 76,631 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

ULTA opened at $480.51 on Tuesday. The firm has a fifty day moving average price of $476.58 and a 200 day moving average price of $557.12. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The stock has a market cap of $20.66 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.48 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the firm posted $6.70 earnings per share. The company’s 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. Equities analysts expect that Ulta Beauty Inc. will post 28.77 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Wedbush initiated coverage on Ulta Beauty in a report on Monday, April 20th. They set an “outperform” rating for the company. JPMorgan Chase & Co. cut their price target 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. Piper Sandler reduced their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Evercore set a $635.00 price objective on shares of Ulta Beauty in a research note on Wednesday, June 3rd. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Insider Buying and Selling

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the company’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 transaction of $182,246.72. Following the completion of the transaction, the director directly owned 2,404 shares of the company’s stock, valued at $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 available through this link. Insiders own 0.20% of the company’s stock.

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.