Lynch Asset Management Inc. Acquires New Holdings in Ulta Beauty Inc. $ULTA

Lynch Asset Management Inc. bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,450 shares of the specialty retailer’s stock, valued at approximately $2,458,000.

Several other hedge funds have also recently bought and sold shares of the stock. Diamant Asset Management Inc. lifted its stake 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 buying an additional 1,471,222 shares in the last quarter. Norges Bank acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $430,963,000. Bank of New York Mellon Corp bought a new stake in shares of Ulta Beauty during the second quarter worth $105,317,000. Corient Private Wealth LLC increased its position in shares of Ulta Beauty by 1,837.4% during the fourth 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. Finally, Invesco Ltd. raised its holdings in shares of Ulta Beauty by 33.6% during the third 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 during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $510.75 on Monday. The company’s fifty day simple moving average is $485.61 and its 200-day simple moving average is $543.45. The firm has a market cap of $21.96 billion, a PE ratio of 19.15, a P/E/G ratio of 1.59 and a beta of 0.87. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities analysts predict that Ulta Beauty Inc. will post 28.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore set a $635.00 price objective on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Argus set a $550.00 target price on Ulta Beauty in a report on Thursday, June 18th. Bank of America raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price target on the stock in a research note on Tuesday, May 5th. Guggenheim assumed coverage on Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating on the stock. Finally, Canaccord Genuity Group cut their price target on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

Insider Buying and Selling

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 shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the sale, the director directly owned 2,404 shares of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by company insiders.

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.