Draper Asset Management LLC Invests $4.77 Million in Ulta Beauty Inc. $ULTA

Key Points

• Draper Asset Management acquired 10,579 Ulta Beauty shares worth approximately $4.77 million, making ULTA about 2.4% of its portfolio. Institutional investors collectively own 90.39% of the company.
• Ulta reported quarterly earnings of $6.55 per share and revenue of $3.04 billion, exceeding analyst estimates of $6.22 and $2.99 billion, respectively. Revenue increased 8.9% year over year, and fiscal 2026 EPS guidance was set at $28.70-$29.00.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $626.59, although some firms recently lowered their targets.

Draper Asset Management LLC bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,579 shares of the specialty retailer's stock, valued at approximately $4,771,000. Ulta Beauty makes up approximately 2.4% of Draper Asset Management LLC's portfolio, making the stock its 9th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of ULTA. BlackRock Inc. purchased a new position in shares of Ulta Beauty during the second quarter valued at about $1,815,712,000. Diamant Asset Management Inc. boosted its stake 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 buying an additional 1,471,222 shares during the last quarter. Norges Bank purchased a new position in Ulta Beauty during the 4th quarter valued at approximately $430,963,000. Bank of America Corp DE purchased a new position in Ulta Beauty during the 2nd quarter valued at approximately $260,192,000. Finally, Legal & General Group Plc purchased a new position in Ulta Beauty during the 2nd quarter valued at approximately $161,600,000. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm's stock in a transaction dated 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 sale, the director owned 2,404 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Ulta Beauty Stock Up 1.1%

NASDAQ ULTA opened at $551.74 on Thursday. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97. The firm has a market capitalization of $23.59 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.63 and a beta of 0.85. The company has a fifty day moving average of $502.18 and a two-hundred day moving average of $530.82.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating the consensus estimate of $6.22 by $0.33. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities research analysts anticipate that Ulta Beauty Inc. will post 28.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Bank of America decreased their price objective on Ulta Beauty from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Friday, August 28th. Jefferies Financial Group reissued a "buy" rating and issued a $650.00 target price on shares of Ulta Beauty in a report on Friday, August 28th. Raymond James Financial restated a "strong-buy" rating and issued a $700.00 target price on shares of Ulta Beauty in a report on Friday, August 28th. B. Riley Financial lowered their price target on shares of Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating for the company in a report on Wednesday, June 3rd. Finally, TD Cowen reiterated a "buy" rating on shares of Ulta Beauty in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $626.59.

Ulta Beauty News Summary

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

• Positive Sentiment: An analyst upgrade helped support the stock, with shares reportedly trading higher as investors reassessed Ulta Beauty’s earnings outlook and growth prospects. Ulta Beauty Trading Up After Analyst Upgrade
• Positive Sentiment: Ulta’s latest results exceeded expectations: quarterly earnings were $6.55 per share versus a $6.22 consensus estimate, while revenue reached $3.04 billion versus expectations of $2.99 billion. Management also raised full-year fiscal 2026 earnings guidance to $28.70-$29.00 per share, with continued strength in prestige hair care. Ulta Beauty Earnings Beat Keeps Valuation In Focus
• Positive Sentiment: Ulta announced the eight brands selected for its 2026 MUSE Accelerator, expanding its pipeline of emerging haircare, skincare, fragrance, cosmetics and body-care products. The program could support future assortment growth and brand partnerships. Ulta Beauty Announces 2026 MUSE Accelerator Cohort

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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