1,655 Ulta Beauty Inc. $ULTA Shares Acquired by Draper Asset Management LLC

Draper Asset Management LLC raised its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 15.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,234 shares of the specialty retailer’s stock after buying an additional 1,655 shares during the period. Ulta Beauty comprises approximately 3.1% of Draper Asset Management LLC’s portfolio, making the stock its 7th largest position. Draper Asset Management LLC’s holdings in Ulta Beauty were worth $6,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Ulta Beauty during the 2nd quarter worth approximately $1,815,712,000. Diamant Asset Management Inc. boosted its stake in shares of Ulta Beauty by 52,171.0% during the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after purchasing an additional 1,471,222 shares during the period. Bank of America Corp DE bought a new position in shares of Ulta Beauty in the second quarter worth approximately $260,192,000. Legal & General Group Plc bought a new position in shares of Ulta Beauty in the second quarter worth approximately $161,600,000. Finally, Deutsche Bank AG purchased a new position in shares of Ulta Beauty in the second quarter worth $124,784,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ULTA shares. Wells Fargo & Company upgraded shares of Ulta Beauty from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $450.00 to $525.00 in a report on Tuesday, September 15th. Cantor Fitzgerald assumed coverage on shares of Ulta Beauty in a research report on Tuesday, September 15th. They issued an “overweight” rating on the stock. Guggenheim initiated coverage on shares of Ulta Beauty in a research report on Tuesday, September 15th. They issued a “buy” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $625.00 price objective on shares of Ulta Beauty in a research note on Monday, September 14th. Finally, Citigroup lowered shares of Ulta Beauty from a “neutral” rating to a “market perform” rating in a report on Tuesday, September 15th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $627.83.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, Director Lorna Nagler sold 600 shares of Ulta Beauty stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $537.31, for a total transaction of $322,386.00. Following the sale, the director directly owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. The trade was a 7.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kecia Steelman sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total value of $1,091,760.00. Following the transaction, the chief executive officer owned 40,489 shares in the company, valued at $22,102,135.32. This trade represents a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Ulta Beauty Trading Up 1.1%

NASDAQ ULTA traded up $6.16 during trading on Friday, hitting $570.37. The company had a trading volume of 384,072 shares, compared to its average volume of 671,812. The company’s fifty day moving average is $540.19 and its 200-day moving average is $514.25. 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 $24.39 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm posted $5.78 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts anticipate that Ulta Beauty Inc. will post 28.95 EPS for the current year.

Ulta Beauty Profile

Ulta Beauty, Inc is a specialty beauty retailer that operates stores and an e-commerce platform in the United States. The company offers a broad assortment of prestige and mass-market beauty products, including cosmetics, skincare, haircare products, fragrances, bath and body items, and beauty tools.

In addition to merchandise, Ulta Beauty provides salon services such as hair styling, hair treatments, and related services at many of its locations. Its stores typically combine product retailing with salon operations and may also offer beauty services provided by licensed professionals.