OP Asset Management Ltd Purchases Shares of 7,062 Ulta Beauty Inc. $ULTA

OP Asset Management Ltd purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,062 shares of the specialty retailer’s stock, valued at approximately $3,691,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Ulta Beauty in the 4th quarter valued at approximately $430,963,000. Holocene Advisors LP boosted its position in Ulta Beauty by 339.6% during the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after acquiring an additional 293,516 shares during the last quarter. Andra AP fonden boosted its position in Ulta Beauty by 351,900.0% during the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after acquiring an additional 228,735 shares during the last quarter. Corient Private Wealth LLC boosted its position in Ulta Beauty by 1,837.4% during the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after acquiring an additional 219,075 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Ulta Beauty by 33.6% during the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after acquiring an additional 211,485 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the transaction, the director owned 2,404 shares of the company’s stock, valued at $1,143,919.36. This trade represents a 13.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ULTA shares. Piper Sandler lowered their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Barclays decreased their target price on shares of Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Morgan Stanley lowered their price target on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, William Blair reissued a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $638.09.

Ulta Beauty Stock Up 0.6%

Shares of Ulta Beauty stock opened at $488.45 on Friday. Ulta Beauty Inc. has a 12-month low of $448.57 and a 12-month high of $714.97. The stock has a market cap of $21.00 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.51 and a beta of 0.86. The business’s 50 day moving average is $503.08 and its 200-day moving average is $577.49.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 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 the consensus estimate of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, sell-side analysts expect that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Ulta Beauty Company 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.