CIBC Asset Management Inc Purchases 4,172 Shares of Ulta Beauty Inc. $ULTA

Key Points

• CIBC Asset Management boosted its Ulta Beauty stake by 64.2% in the fourth quarter, buying 4,172 more shares and bringing its total holdings to 10,670 shares valued at about $6.46 million.
• Ulta reported strong quarterly results, with EPS of $7.74 beating estimates and revenue of $3.16 billion topping expectations; revenue also rose 11.1% year over year.
• Despite recent pressure on the stock, Wall Street remains broadly positive: several analysts still rate Ulta a buy, though multiple firms cut price targets, and the consensus target is $651.73.

CIBC Asset Management Inc lifted its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 64.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,670 shares of the specialty retailer's stock after purchasing an additional 4,172 shares during the quarter. CIBC Asset Management Inc's holdings in Ulta Beauty were worth $6,455,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in Ulta Beauty in the fourth quarter valued at $25,000. Strengthening Families & Communities LLC increased its stake in Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 42 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Ulta Beauty in the third quarter valued at $31,000. BOKF NA bought a new position in Ulta Beauty in the third quarter valued at $31,000. Finally, Steigerwald Gordon & Koch Inc. increased its stake in Ulta Beauty by 2,550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer's stock valued at $32,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Ulta Beauty Trading Up 1.0%

Shares of NASDAQ:ULTA opened at $467.07 on Friday. The stock's 50-day moving average price is $521.18 and its 200-day moving average price is $583.90. Ulta Beauty Inc. has a 12-month low of $452.00 and a 12-month high of $714.97. The stock has a market capitalization of $20.08 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.50 and a beta of 0.86.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.12 billion. During the same period last year, the firm earned $6.70 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, research analysts predict that Ulta Beauty Inc. will post 28.72 EPS for the current year.

Ulta Beauty News Summary

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: New commentary argued Ulta remains a solid growth stock, pointing to above-average financial growth and the potential to outperform the market. Is Ulta (ULTA) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Positive Sentiment: Analysts and market notes highlighted strong demand for premium beauty brands, with Ulta’s latest results and raised outlook suggesting the business is still holding up well. Ulta Beauty Sales Jump On Strong Demand For Higher-End Beauty Brands
• Positive Sentiment: Multiple broker updates lifted price targets, including JPMorgan, Barclays, and Robert W. Baird, reinforcing Wall Street’s constructive view on Ulta’s rebound potential. Ulta Beauty NASDAQ: ULTA Given New $631.00 Price Target at JPMorgan Chase & Co.
• Neutral Sentiment: Ulta’s presentation at the William Blair Growth Stock Conference kept the company in focus, but it did not appear to introduce a major new catalyst. Ulta Beauty, Inc. (ULTA) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: One retail-industry discussion emphasized that delivery reliability matters more than speed, which is relevant to Ulta’s operations but unlikely to move the stock on its own. Delivery reliability trumps speed, Macy’s and Ulta execs say
• Negative Sentiment: Despite the bullish long-term narrative, some coverage noted that the stock had been under pressure recently after earnings, suggesting investors remain cautious about near-term momentum. Ulta proves beauty's resilience, but guidance raises questions over momentum

Wall Street Analyst Weigh In

A number of research firms recently commented on ULTA. Piper Sandler reduced their target price on Ulta Beauty from $725.00 to $600.00 and set an "overweight" rating on the stock in a research note on Wednesday. UBS Group reduced their target price on Ulta Beauty from $810.00 to $735.00 and set a "buy" rating on the stock in a research note on Wednesday. TD Cowen began coverage on Ulta Beauty in a research note on Monday, April 20th. They issued a "buy" rating on the stock. Robert W. Baird reduced their target price on Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, B. Riley Financial reduced their target price on Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Ulta Beauty has an average rating of "Moderate Buy" and a consensus target price of $651.73.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the firm's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the transaction, the director directly owned 2,383 shares of the company's stock, valued at approximately $1,285,128.07. This trade represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company's stock.

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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