Meeder Asset Management Inc. Raises Stock Position in Ulta Beauty Inc. $ULTA

Meeder Asset Management Inc. raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 811.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,997 shares of the specialty retailer’s stock after acquiring an additional 1,778 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ulta Beauty were worth $1,044,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ULTA. Diamant Asset Management Inc. boosted its stake in Ulta Beauty by 52,171.0% in the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after purchasing an additional 1,471,222 shares during the period. Norges Bank bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $430,963,000. Corient Private Wealth LLC raised 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 valued at $139,756,000 after buying an additional 219,075 shares during the last quarter. Invesco Ltd. boosted its position 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 last quarter. Finally, Caisse de depot et placement du Quebec boosted 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 last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Piper Sandler reduced their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Argus set a $550.00 price objective on shares of Ulta Beauty in a report on Thursday, June 18th. The Goldman Sachs Group cut their price objective on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their target price on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group upgraded Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $635.00 to $700.00 in a research report on Monday, April 20th. One 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $638.09.

Insiders Place Their Bets

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value 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 represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Ulta Beauty Stock Up 1.8%

Ulta Beauty stock opened at $488.08 on Tuesday. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97. The firm’s fifty day moving average is $477.84 and its 200 day moving average is $562.08. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.50 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last posted 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 net margin of 9.36% and a return on equity of 44.77%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the firm posted $6.70 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts anticipate that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

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.