Swiss National Bank Purchases 7,280 Shares of Ulta Beauty Inc. $ULTA

Swiss National Bank raised its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 130,200 shares of the specialty retailer’s stock after purchasing an additional 7,280 shares during the period. Swiss National Bank’s holdings in Ulta Beauty were worth $68,057,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of Ulta Beauty by 10.3% during the first quarter. California Public Employees Retirement System now owns 91,187 shares of the specialty retailer’s stock worth $47,664,000 after buying an additional 8,523 shares during the period. Kera Capital Partners Inc. lifted its holdings in Ulta Beauty by 7.6% in the first quarter. Kera Capital Partners Inc. now owns 1,679 shares of the specialty retailer’s stock valued at $878,000 after buying an additional 119 shares during the period. Assetmark Inc. boosted its position in Ulta Beauty by 44.9% during the first quarter. Assetmark Inc. now owns 371 shares of the specialty retailer’s stock valued at $194,000 after acquiring an additional 115 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in Ulta Beauty during the first quarter valued at $235,000. Finally, Angeles Wealth Management LLC boosted its position in Ulta Beauty by 6.2% during the first quarter. Angeles Wealth Management LLC now owns 891 shares of the specialty retailer’s stock valued at $466,000 after acquiring an additional 52 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $489.47 on Wednesday. The stock has a market capitalization of $21.04 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97. The stock has a 50 day moving average price of $477.53 and a two-hundred day moving average price of $561.27.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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 return on equity of 44.77% and a net margin of 9.36%.The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the firm earned $6.70 earnings per share. Ulta Beauty’s revenue for the quarter was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Research analysts forecast that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Morgan Stanley cut their target price on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Guggenheim started coverage on Ulta Beauty in a research note on Monday, April 20th. They set a “buy” rating for the company. JPMorgan Chase & Co. lowered their target price on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group dropped their price target on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $638.09.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction 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 transaction, the director 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

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.