The Manufacturers Life Insurance Company Has $12.28 Million Stake in Ulta Beauty Inc. $ULTA

The Manufacturers Life Insurance Company reduced its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 23,491 shares of the specialty retailer’s stock after selling 1,949 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ulta Beauty were worth $12,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Fideuram Asset Management Ireland dac bought a new stake in Ulta Beauty in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC lifted its holdings in 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 purchasing an additional 43 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in 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. Ascentis Independent Advisors bought a new position in Ulta Beauty during the first quarter worth $29,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at $30,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ULTA. Citigroup dropped their price objective on shares of Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Loop Capital reaffirmed a “hold” rating and set a $550.00 target price on shares of Ulta Beauty in a report on Wednesday, June 3rd. Evercore set a $635.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd. UBS Group lowered their price target on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Piper Sandler cut their price objective on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. One research 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 company’s stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $512.83 on Monday. The company has a market capitalization of $22.05 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.60 and a beta of 0.87. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The business’s 50 day simple moving average is $477.49 and its 200 day simple moving average is $552.88.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 28.77 EPS for the current fiscal year.

Insider Activity

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 value of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at approximately $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 accessible through this link. Company insiders own 0.20% 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.