Montag A & Associates Inc. Grows Stock Position in Ulta Beauty Inc. $ULTA

Montag A & Associates Inc. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 32.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,153 shares of the specialty retailer’s stock after acquiring an additional 2,726 shares during the period. Montag A & Associates Inc.’s holdings in Ulta Beauty were worth $5,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ULTA. Diamant Asset Management Inc. raised its position in Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after purchasing an additional 1,471,222 shares during the period. Norges Bank purchased a new position in shares of Ulta Beauty during the 4th quarter worth $430,963,000. Holocene Advisors LP increased its position in shares of 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 purchasing an additional 293,516 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Ulta Beauty by 1,837.4% in the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock valued at $139,756,000 after buying an additional 219,075 shares during the period. Finally, Invesco Ltd. lifted its position in Ulta Beauty by 33.6% in the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after buying an additional 211,485 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ULTA shares. Guggenheim began coverage on shares of Ulta Beauty in a research note on Monday, April 20th. They set a “buy” rating for the company. Oppenheimer lowered their price objective on shares of Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. B. Riley Financial dropped their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group cut their target price on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, Robert W. Baird lowered their price target 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. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and an average target price of $638.09.

Ulta Beauty Stock Up 0.3%

NASDAQ:ULTA opened at $453.78 on Wednesday. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97. The company has a fifty day simple moving average of $488.51 and a two-hundred day simple moving average of $570.56. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.41 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. The firm 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%.Ulta Beauty’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts expect that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the business’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 transaction of $182,246.72. Following the completion of the transaction, the director owned 2,404 shares in the company, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is owned by corporate insiders.

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.