Agman Capital LLC Takes $4.31 Million Position in Ulta Beauty Inc. $ULTA

Key Points

• Agman Capital LLC opened a new position in Ulta Beauty, buying 7,121 shares worth about $4.31 million in the fourth quarter, making ULTA its 12th-largest holding.
• Institutional ownership remains very high, with hedge funds and other investors holding 90.39% of Ulta Beauty’s shares. Several firms also modestly increased their stakes during the quarter.
• Ulta recently posted strong quarterly results, with EPS of $7.74 and revenue of $3.16 billion, both ahead of estimates. Despite that, shares were down about 1.8%, and analysts currently have a Moderate Buy consensus with a $644.91 price target.

Agman Capital LLC acquired a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,121 shares of the specialty retailer's stock, valued at approximately $4,308,000. Ulta Beauty comprises about 3.7% of Agman Capital LLC's holdings, making the stock its 12th biggest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Optimize Financial Inc lifted its holdings in Ulta Beauty by 1.4% during the 4th quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer's stock valued at $711,000 after purchasing an additional 16 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Ulta Beauty by 6.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the specialty retailer's stock valued at $160,000 after purchasing an additional 17 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Ulta Beauty by 13.1% during the 4th quarter. Sound Income Strategies LLC now owns 147 shares of the specialty retailer's stock valued at $98,000 after purchasing an additional 17 shares during the last quarter. Legacy Advisors LLC lifted its holdings in Ulta Beauty by 1.2% during the 4th quarter. Legacy Advisors LLC now owns 1,543 shares of the specialty retailer's stock valued at $934,000 after purchasing an additional 18 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in Ulta Beauty by 2.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 996 shares of the specialty retailer's stock valued at $602,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling

In related news, Director George R. Mrkonic, Jr. sold 452 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total value of $243,759.08. Following the completion of the transaction, the director owned 2,383 shares of the company's stock, valued at $1,285,128.07. This represents a 15.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ULTA shares. Barclays lowered their price objective on Ulta Beauty from $712.00 to $647.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. Evercore set a $635.00 price objective on Ulta Beauty in a research report on Wednesday, June 3rd. Morgan Stanley lowered their price objective on Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. Bank of America upgraded Ulta Beauty from a "neutral" rating to a "buy" rating and set a $685.00 price target on the stock in a research report on Tuesday, May 5th. Finally, William Blair restated a "market perform" rating on shares of Ulta Beauty in a research report on Monday, March 9th. One research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $644.91.

Ulta Beauty Stock Down 1.8%

Ulta Beauty stock opened at $467.74 on Friday. Ulta Beauty Inc. has a 12-month low of $452.05 and a 12-month high of $714.97. The business's 50-day moving average price is $516.26 and its two-hundred day moving average price is $582.70. The stock has a market cap of $20.11 billion, a PE ratio of 17.54, a P/E/G ratio of 1.46 and a beta of 0.86.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion during 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 firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.