Meeder Asset Management Inc. Acquires 1,778 Shares of Ulta Beauty Inc. $ULTA

Meeder Asset Management Inc. lifted its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 811.9% during the first quarter, HoldingsChannel reports. The firm owned 1,997 shares of the specialty retailer’s stock after purchasing an additional 1,778 shares during the period. Meeder Asset Management Inc.’s holdings in Ulta Beauty were worth $1,044,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Diamant Asset Management Inc. lifted its holdings in Ulta Beauty by 52,171.0% during the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after buying an additional 1,471,222 shares in the last quarter. Norges Bank purchased a new stake in Ulta Beauty in the 4th quarter valued at about $430,963,000. Corient Private Wealth LLC grew its stake 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 worth $139,756,000 after acquiring an additional 219,075 shares in the last quarter. Invesco Ltd. grew its stake in Ulta Beauty by 33.6% in 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. Finally, Caisse de depot et placement du Quebec increased its position in shares of Ulta Beauty by 249.8% during the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after acquiring an additional 211,266 shares during the period. Hedge funds and other 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 stock in a transaction 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 sale, the director owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ULTA. Wedbush started coverage on shares of Ulta Beauty in a research note on Monday, April 20th. They set an “outperform” rating for the company. JPMorgan Chase & Co. dropped their price objective on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Bank of America upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective on the stock in a report on Tuesday, May 5th. Wells Fargo & Company decreased their target price on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Guggenheim assumed coverage on Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $638.09.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $488.08 on Tuesday. The firm has a 50-day simple moving average of $477.84 and a 200-day simple moving average of $562.08. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The firm has a market cap of $20.98 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.50 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, research analysts predict that Ulta Beauty Inc. will post 28.76 EPS for the current fiscal year.

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.