Munich Reinsurance Co Stock Corp in Munich Buys 6,593 Shares of Ulta Beauty Inc. $ULTA

Munich Reinsurance Co Stock Corp in Munich raised its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 3,506.9% during the second quarter, Holdings Channel reports. The institutional investor owned 6,781 shares of the specialty retailer’s stock after buying an additional 6,593 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Ulta Beauty were worth $3,058,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC lifted its holdings in Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 43 shares during the period. Strengthening Families & Communities LLC lifted its holdings in Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 42 shares during the period. Clearstead Trust LLC bought a new position in Ulta Beauty in the second quarter valued at approximately $27,000. Finally, Ascentis Independent Advisors bought a new position in Ulta Beauty in the first quarter valued at approximately $29,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the transaction, the director directly owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Ulta Beauty Stock Performance

ULTA opened at $564.12 on Friday. The firm’s fifty day moving average is $505.13 and its two-hundred day moving average is $530.17. The firm has a market cap of $24.12 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the business earned $5.78 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities analysts forecast that Ulta Beauty Inc. will post 28.93 EPS for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the subject of several recent research reports. Argus set a $550.00 target price on shares of Ulta Beauty in a research report on Thursday, June 18th. DA Davidson raised their price target on Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ulta Beauty from $692.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Evercore set a $635.00 price objective on Ulta Beauty in a report on Wednesday, June 3rd. Finally, Piper Sandler cut their target price on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $626.59.

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.