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

Draper Asset Management LLC boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 15.6% during the third quarter, Holdings Channel.com reports. The firm owned 12,234 shares of the specialty retailer’s stock after acquiring an additional 1,655 shares during the quarter. Ulta Beauty comprises about 3.1% of Draper Asset Management LLC’s portfolio, making the stock its 7th largest holding. Draper Asset Management LLC’s holdings in Ulta Beauty were worth $6,682,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Ulta Beauty in the 2nd quarter worth approximately $1,815,712,000. State Street Corp raised its stake in Ulta Beauty by 1.1% during the second quarter. State Street Corp now owns 2,024,623 shares of the specialty retailer’s stock valued at $913,064,000 after buying an additional 22,036 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Ulta Beauty by 0.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 974,223 shares of the specialty retailer’s stock worth $589,415,000 after acquiring an additional 2,463 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Ulta Beauty by 2.0% in the first quarter. Bank of America Corp DE now owns 598,104 shares of the specialty retailer’s stock worth $312,635,000 after acquiring an additional 11,591 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ulta Beauty by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 493,209 shares of the specialty retailer’s stock worth $257,764,000 after acquiring an additional 16,705 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ULTA. Wells Fargo & Company raised Ulta Beauty from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $450.00 to $525.00 in a research report on Tuesday, September 15th. The Goldman Sachs Group increased their price objective on shares of Ulta Beauty from $648.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, August 28th. William Blair restated a “market perform” rating on shares of Ulta Beauty in a research note on Friday, August 21st. Citigroup cut shares of Ulta Beauty from a “neutral” rating to a “market perform” rating in a report on Tuesday, September 15th. Finally, BMO Capital Markets started coverage on shares of Ulta Beauty in a report on Tuesday, September 8th. They set a “market perform” rating and a $580.00 price target on the stock. Twenty-four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $627.83.

Insiders Place Their Bets

In other news, CEO Kecia Steelman sold 2,000 shares of the firm’s stock in a transaction 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 directly owned 40,489 shares in the company, valued at $22,102,135.32. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lorna Nagler sold 600 shares of Ulta Beauty stock in a transaction on Friday, September 11th. The stock was sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the sale, the director directly owned 7,168 shares of the company’s stock, valued at $3,851,438.08. The trade was a 7.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Ulta Beauty Stock Performance

Shares of ULTA traded up $6.16 during mid-day trading on Friday, hitting $570.37. 384,072 shares of the company traded hands, compared to its average volume of 671,812. The stock has a 50-day moving average price of $540.19 and a two-hundred day moving average price of $514.25. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.63 and a beta of 0.84.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data 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 company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $5.78 earnings per share. The firm’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. On average, analysts forecast that Ulta Beauty Inc. will post 28.95 EPS for the current year.

Ulta Beauty Company 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.