Munich Reinsurance Co Stock Corp in Munich Has $3.06 Million Holdings in Ulta Beauty Inc. $ULTA

Key Points

• Munich Reinsurance sharply increased its Ulta Beauty stake by 3,506.9% in the second quarter, ending the period with 6,781 shares valued at approximately $3.06 million. Institutional investors collectively own 90.39% of Ulta’s stock.
• Ulta Beauty exceeded quarterly expectations, reporting $6.55 in earnings per share and $3.04 billion in revenue, while revenue increased 8.9% year over year. The company maintained fiscal 2026 EPS guidance of $28.70–$29.00.
• Analysts retain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $626.59, despite several recent target-price cuts. Ulta shares opened at $564.12, up 1.3%.

Munich Reinsurance Co Stock Corp in Munich increased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3,506.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,781 shares of the specialty retailer's stock after purchasing an additional 6,593 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Ulta Beauty were worth $3,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC boosted its position in shares of Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 43 shares in the last quarter. Strengthening Families & Communities LLC boosted its position in shares of Ulta Beauty by 4,200.0% during the 4th 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 in the last quarter. Clearstead Trust LLC bought a new stake in Ulta Beauty in the second quarter valued at about $27,000. Finally, Ascentis Independent Advisors bought a new stake in Ulta Beauty in the first quarter valued at about $29,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Ulta Beauty Stock Up 1.3%

Shares of ULTA stock opened at $564.12 on Friday. The company has a market capitalization of $24.12 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.67 and a beta of 0.85. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97. The firm has a 50-day moving average price of $505.13 and a 200 day moving average price of $530.17.

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 the consensus estimate of $6.22 by $0.33. The firm had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, research analysts expect that Ulta Beauty Inc. will post 28.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ULTA. Bank of America cut their price target on shares of Ulta Beauty from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Friday, August 28th. JPMorgan Chase & Co. lowered their price objective on Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. TD Cowen reissued a "buy" rating on shares of Ulta Beauty in a report on Tuesday, July 21st. Evercore set a $635.00 target price on Ulta Beauty in a research report on Wednesday, June 3rd. Finally, Loop Capital reaffirmed a "hold" rating and issued a $550.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $626.59.

Insider Buying and Selling

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

Ulta Beauty 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.

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