Ulta Beauty Inc. $ULTA Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management more than doubled its Ulta Beauty stake in the second quarter, purchasing 50,966 additional shares for a total holding of 98,703 shares valued at approximately $44.5 million. Institutional investors collectively own 90.39% of the company.
• Ulta Beauty reported quarterly earnings of $7.74 per share, beating estimates of $6.89, while revenue rose 11.1% year over year to $3.16 billion. The company issued fiscal 2026 EPS guidance of $28.36 to $28.80.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $638.09, despite mixed target-price revisions. Shares recently traded at $565.15, while a company director sold 383 shares.

Assenagon Asset Management S.A. raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 106.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 98,703 shares of the specialty retailer's stock after purchasing an additional 50,966 shares during the quarter. Assenagon Asset Management S.A. owned 0.23% of Ulta Beauty worth $44,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Optimize Financial Inc boosted its position in Ulta Beauty by 1.4% in the 4th quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer's stock worth $711,000 after purchasing an additional 16 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Ulta Beauty by 13.1% during the fourth quarter. Sound Income Strategies LLC now owns 147 shares of the specialty retailer's stock worth $98,000 after buying an additional 17 shares in the last quarter. Legacy Advisors LLC grew its position in Ulta Beauty by 1.2% during the fourth quarter. Legacy Advisors LLC now owns 1,543 shares of the specialty retailer's stock valued at $934,000 after buying an additional 18 shares during the period. Root Financial Partners LLC raised its position in shares of Ulta Beauty by 12.1% in the first quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer's stock worth $87,000 after acquiring an additional 18 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its stake in shares of Ulta Beauty by 5.3% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 394 shares of the specialty retailer's stock worth $238,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty 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 transaction, the director owned 2,404 shares in the company, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Ulta Beauty Trading Up 4.9%

ULTA opened at $565.15 on Friday. The firm has a market capitalization of $24.30 billion, a PE ratio of 21.19, a PEG ratio of 1.76 and a beta of 0.87. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The firm's 50-day moving average price is $480.58 and its 200 day moving average price is $549.47.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. During the same period in the previous year, the firm posted $6.70 EPS. The business'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, analysts predict that Ulta Beauty Inc. will post 28.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ULTA shares. Evercore set a $635.00 price target on Ulta Beauty in a report on Wednesday, June 3rd. Wells Fargo & Company cut their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an "underweight" rating for the company in a report on Wednesday, June 3rd. Argus set a $550.00 price objective on shares of Ulta Beauty in a research report on Thursday, June 18th. The Goldman Sachs Group dropped their target price on shares of Ulta Beauty from $741.00 to $652.00 and set a "buy" rating on the stock in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group upgraded shares of Ulta Beauty from a "hold" rating to a "buy" rating and upped their price target for the stock from $635.00 to $700.00 in a research report on Monday, April 20th. One 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. Based on data from MarketBeat, Ulta Beauty has an average rating of "Moderate Buy" and a consensus price target of $638.09.

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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