Amundi Has $245.64 Million Stock Position in Ulta Beauty Inc. $ULTA

Key Points

• Amundi increased its Ulta Beauty position by 14.3% in the second quarter, adding 68,205 shares to own 544,686 shares valued at approximately $245.6 million. Institutional investors and hedge funds collectively own 90.39% of the stock.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $626.59, although several firms recently lowered their targets.
• Ulta Beauty exceeded quarterly expectations with adjusted earnings of $6.55 per share and revenue of $3.04 billion, while revenue grew 8.9% year over year. The company issued fiscal 2026 EPS guidance of $28.70 to $29.00.

Amundi raised its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,686 shares of the specialty retailer's stock after purchasing an additional 68,205 shares during the quarter. Amundi owned approximately 1.27% of Ulta Beauty worth $245,642,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Ulta Beauty by 43,592.1% during the 2nd quarter. California State Teachers Retirement System now owns 29,433,210 shares of the specialty retailer's stock valued at $13,273,789,000 after buying an additional 29,365,845 shares during the last quarter. BlackRock Inc. acquired a new position in Ulta Beauty in the second quarter worth approximately $1,815,712,000. State Street Corp raised its position in Ulta Beauty by 2.5% during the fourth quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer's stock valued at $1,225,487,000 after acquiring an additional 50,305 shares in the last quarter. Diamant Asset Management Inc. raised its position in Ulta Beauty by 52,171.0% during 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 acquiring an additional 1,471,222 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ulta Beauty by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer's stock valued at $747,587,000 after acquiring an additional 21,947 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director directly owned 2,404 shares of the company's stock, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on ULTA. B. Riley Financial decreased their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating for the company in a research report on Wednesday, June 3rd. The Goldman Sachs Group raised their price target on shares of Ulta Beauty from $648.00 to $667.00 and gave the company a "buy" rating in a report on Friday, August 28th. Canaccord Genuity Group reduced their price objective on shares of Ulta Beauty from $799.00 to $731.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. Evercore set a $635.00 price objective on shares of Ulta Beauty in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Ulta Beauty from $475.00 to $450.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $626.59.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $564.12 on Tuesday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.69 and a beta of 0.85. The company's 50 day moving average is $507.23 and its 200-day moving average is $528.09.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, topping analysts' consensus estimates of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the previous year, the company earned $5.78 earnings per share. Ulta Beauty's revenue for the quarter was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Research analysts predict that Ulta Beauty Inc. will post 28.93 EPS for the current fiscal year.

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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