Meridian Management Co. Sells 1,858 Shares of Ulta Beauty Inc. $ULTA

Meridian Management Co. lowered its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,868 shares of the specialty retailer’s stock after selling 1,858 shares during the quarter. Ulta Beauty accounts for 1.2% of Meridian Management Co.’s holdings, making the stock its 27th biggest position. Meridian Management Co.’s holdings in Ulta Beauty were worth $4,635,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Diamant Asset Management Inc. lifted its position in shares of Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty in the fourth quarter valued at $430,963,000. Corient Private Wealth LLC grew its position in Ulta Beauty by 1,837.4% in the fourth quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock valued at $139,756,000 after purchasing an additional 219,075 shares in the last quarter. Invesco Ltd. increased its stake in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after buying an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after buying an additional 211,266 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of ULTA opened at $469.12 on Wednesday. The firm has a 50-day moving average of $481.49 and a 200-day moving average of $565.70. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The company has a market cap of $20.17 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results 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 net margin of 9.36% and a return on equity of 44.77%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the firm earned $6.70 EPS. Ulta Beauty’s quarterly revenue 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. Analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ULTA. Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler lowered their target price on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Bank of America upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price on the stock in a report on Tuesday, May 5th. Loop Capital reissued a “hold” rating and set a $550.00 price target on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Finally, Evercore set a $635.00 price target on Ulta Beauty in a research note on Wednesday, June 3rd. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $638.09.

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.