Meridian Management Co. Has $4.63 Million Stock Position in Ulta Beauty Inc. $ULTA

Meridian Management Co. decreased its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 17.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,868 shares of the specialty retailer’s stock after selling 1,858 shares during the quarter. Ulta Beauty comprises approximately 1.2% of Meridian Management Co.’s investment portfolio, 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 reporting period.

A number of other hedge funds have also bought and sold shares of ULTA. Fideuram Asset Management Ireland dac acquired a new stake in Ulta Beauty in the 4th quarter worth about $25,000. Strengthening Families & Communities LLC increased its holdings in shares of 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. Hilton Head Capital Partners LLC raised its position in shares of Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 43 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $30,000. Finally, Steigerwald Gordon & Koch Inc. grew its position in Ulta Beauty by 2,550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after buying an additional 51 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the sale, the director directly owned 2,404 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $469.12 on Wednesday. The firm’s fifty day moving average price is $481.49 and its two-hundred day moving average price is $565.70. The stock has a market cap of $20.17 billion, a PE ratio of 17.59, a PEG ratio of 1.48 and a beta of 0.88. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating 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 analysts’ expectations of $3.12 billion. During the same period in the prior year, the company earned $6.70 EPS. Ulta Beauty’s 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. As a group, sell-side analysts predict that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the topic of a number of recent research reports. Evercore set a $635.00 price objective on Ulta Beauty in a research note on Wednesday, June 3rd. The Goldman Sachs Group decreased their target price on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Argus set a $550.00 target price on shares of Ulta Beauty in a research report on Thursday, June 18th. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and upped their price target for the stock from $635.00 to $700.00 in a report on Monday, April 20th. Finally, TD Cowen lowered their price objective on shares of Ulta Beauty from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty presently 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.