SEB Asset Management AB Acquires New Position in Ulta Beauty Inc. $ULTA

SEB Asset Management AB acquired a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the 1st quarter, HoldingsChannel reports. The firm acquired 15,569 shares of the specialty retailer’s stock, valued at approximately $8,138,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Diamant Asset Management Inc. boosted its holdings in shares of 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 valued at $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank acquired a new position in shares of Ulta Beauty during the 4th quarter worth $430,963,000. Corient Private Wealth LLC lifted its position in shares of Ulta Beauty by 1,837.4% during the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after buying an additional 219,075 shares during the last quarter. Invesco Ltd. lifted its position in shares of Ulta Beauty by 33.6% during the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after buying an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec boosted its stake in Ulta Beauty by 249.8% in the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after buying an additional 211,266 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Up 0.3%

Shares of ULTA stock opened at $489.47 on Wednesday. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The stock’s fifty day simple moving average is $477.53 and its 200 day simple moving average is $561.27. The firm has a market capitalization of $21.04 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.52 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 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the company earned $6.70 earnings per share. 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. As a group, equities research analysts expect that Ulta Beauty Inc. will post 28.76 EPS for the current fiscal year.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the firm’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 value 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. This trade represents a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Guggenheim started coverage on Ulta Beauty in a research report on Monday, April 20th. They issued a “buy” rating on the stock. Weiss Ratings cut shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price target on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Citigroup decreased their price target on shares of Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

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.