AMI Asset Management Corp Has $64.90 Million Stake in Ulta Beauty Inc. $ULTA

Key Points

• AMI Asset Management trimmed its Ulta stake by 2.3% to 107,275 shares worth $64.90 million, representing about 0.24% of Ulta and roughly 3.7% of AMI's portfolio (its 10th-largest holding).
• Ulta's quarterly results slightly beat expectations with EPS of $8.01 versus $7.93 and revenue of $3.90B (up 11.8% YoY); the company set FY2026 EPS guidance of $28.05–$28.55 while sell-side consensus expects about 23.96 EPS for the year.
• Institutional and analyst outlook: 90.39% of Ulta shares are held by institutions, several major funds increased positions, and analysts carry a "Moderate Buy" consensus with a $674.23 average target price.

AMI Asset Management Corp cut its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,275 shares of the specialty retailer's stock after selling 2,508 shares during the period. Ulta Beauty makes up approximately 3.7% of AMI Asset Management Corp's investment portfolio, making the stock its 10th biggest position. AMI Asset Management Corp owned approximately 0.24% of Ulta Beauty worth $64,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Ulta Beauty by 0.6% during the third quarter. Vanguard Group Inc. now owns 5,353,414 shares of the specialty retailer's stock valued at $2,926,979,000 after buying an additional 33,674 shares in the last quarter. State Street Corp raised its position in Ulta Beauty by 2.3% during the third quarter. State Street Corp now owns 1,975,260 shares of the specialty retailer's stock valued at $1,079,973,000 after buying an additional 44,182 shares during the period. Sanders Capital LLC raised its position in Ulta Beauty by 8.9% during the third quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer's stock valued at $690,994,000 after buying an additional 103,540 shares during the period. Invesco Ltd. raised its position in Ulta Beauty by 33.6% during the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer's stock valued at $459,479,000 after buying an additional 211,485 shares during the period. Finally, Franklin Resources Inc. raised its position in Ulta Beauty by 7.5% during the third quarter. Franklin Resources Inc. now owns 626,093 shares of the specialty retailer's stock valued at $342,316,000 after buying an additional 43,458 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the firm's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the transaction, the director owned 2,383 shares in the company, valued at $1,285,128.07. This trade represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $526.87 on Tuesday. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.91 and a beta of 0.95. The company's fifty day moving average is $609.23 and its two-hundred day moving average is $588.23. Ulta Beauty Inc. has a 52-week low of $347.48 and a 52-week high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.08. Ulta Beauty had a net margin of 9.31% and a return on equity of 43.56%. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the business posted $8.46 EPS. The business's quarterly revenue was up 11.8% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on ULTA shares. Wells Fargo & Company upped their price target on Ulta Beauty from $450.00 to $500.00 and gave the company an "underweight" rating in a research report on Monday, March 9th. Morgan Stanley cut their target price on shares of Ulta Beauty from $750.00 to $700.00 and set an "overweight" rating for the company in a research report on Friday, March 13th. Zacks Research downgraded shares of Ulta Beauty from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 6th. TD Cowen cut their target price on shares of Ulta Beauty from $775.00 to $750.00 and set a "buy" rating for the company in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $800.00 to $750.00 and set an "overweight" rating for the company in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $674.23.

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.

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