Assenagon Asset Management S.A. Acquires 22,242 Shares of Ulta Beauty Inc. $ULTA

Assenagon Asset Management S.A. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 87.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,737 shares of the specialty retailer’s stock after acquiring an additional 22,242 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ulta Beauty were worth $24,953,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Coerente Capital Management increased its stake in shares of Ulta Beauty by 1.1% during the first quarter. Coerente Capital Management now owns 38,287 shares of the specialty retailer’s stock valued at $20,013,000 after purchasing an additional 411 shares in the last quarter. Krilogy Financial LLC raised its stake in Ulta Beauty by 15.7% during the first quarter. Krilogy Financial LLC now owns 1,955 shares of the specialty retailer’s stock valued at $1,055,000 after buying an additional 265 shares during the last quarter. FFG Partners LLC boosted its holdings in Ulta Beauty by 12.1% in the first quarter. FFG Partners LLC now owns 18,446 shares of the specialty retailer’s stock worth $9,642,000 after acquiring an additional 1,996 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Ulta Beauty by 54.3% during the first quarter. SG Americas Securities LLC now owns 35,746 shares of the specialty retailer’s stock valued at $18,685,000 after acquiring an additional 12,583 shares in the last quarter. Finally, Evolve Private Wealth LLC raised its position in shares of Ulta Beauty by 10.7% in the 1st quarter. Evolve Private Wealth LLC now owns 1,718 shares of the specialty retailer’s stock worth $898,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the transaction, the director owned 2,383 shares of the company’s stock, valued at approximately $1,285,128.07. This represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ULTA shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Ulta Beauty in a research note on Tuesday, March 10th. JPMorgan Chase & Co. decreased their target price on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and increased their price target for the company from $635.00 to $700.00 in a report on Monday, April 20th. Wells Fargo & Company reduced their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Wedbush assumed coverage on Ulta Beauty in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $488.45 on Friday. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.51 and a beta of 0.86. The business has a 50 day simple moving average of $503.08 and a 200-day simple moving average of $577.49. Ulta Beauty Inc. has a 1 year low of $448.57 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the company earned $6.70 earnings per share. Ulta Beauty’s revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

Ulta Beauty 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.