CIBC Asset Management Inc Boosts Stock Position in Ulta Beauty Inc. $ULTA

CIBC Asset Management Inc lifted its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 64.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,670 shares of the specialty retailer’s stock after purchasing an additional 4,172 shares during the period. CIBC Asset Management Inc’s holdings in Ulta Beauty were worth $6,455,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ULTA. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ulta Beauty during the fourth quarter worth about $25,000. Strengthening Families & Communities LLC boosted its holdings in shares of Ulta Beauty by 4,200.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 42 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth about $31,000. BOKF NA purchased a new stake in shares of Ulta Beauty during the third quarter worth about $31,000. Finally, Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Ulta Beauty by 2,550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 51 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ULTA. Canaccord Genuity Group lowered their price objective on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a report on Wednesday. Guggenheim began coverage on shares of Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. Loop Capital restated a “hold” rating and issued a $550.00 price objective on shares of Ulta Beauty in a report on Wednesday. DA Davidson lowered their price objective on shares of Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $651.73.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $467.07 on Friday. Ulta Beauty Inc. has a fifty-two week low of $452.00 and a fifty-two week high of $714.97. The company has a 50 day simple moving average of $521.18 and a two-hundred day simple moving average of $583.90. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.50 and a beta of 0.86.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter last year, the firm earned $6.70 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 28.72 earnings per share for the current fiscal year.

More Ulta Beauty News

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

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the transaction, the director 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Ulta Beauty Company 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.