Assenagon Asset Management S.A. Cuts Stock Holdings in Ulta Beauty Inc. $ULTA

Assenagon Asset Management S.A. lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 30.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,495 shares of the specialty retailer’s stock after selling 11,152 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Ulta Beauty worth $15,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ULTA. Norges Bank acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at approximately $258,791,000. Holocene Advisors LP grew its holdings in shares of Ulta Beauty by 339.6% in the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after acquiring an additional 293,516 shares during the period. Andra AP fonden increased its stake in Ulta Beauty by 351,900.0% in the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock valued at $125,096,000 after purchasing an additional 228,735 shares in the last quarter. Invesco Ltd. increased its stake in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after purchasing an additional 211,485 shares in the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in Ulta Beauty by 249.8% during the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after purchasing an additional 211,266 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the topic of a number of research analyst reports. Robert W. Baird set a $700.00 target price on Ulta Beauty in a research report on Wednesday, December 17th. Oppenheimer dropped their price target on Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Jefferies Financial Group began coverage on shares of Ulta Beauty in a research report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price objective on the stock. Telsey Advisory Group increased their price objective on shares of Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Finally, Wells Fargo & Company raised their target price on shares of Ulta Beauty from $450.00 to $500.00 and gave the company an “underweight” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $671.27.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $521.64 on Friday. Ulta Beauty Inc. has a fifty-two week low of $323.36 and a fifty-two week high of $714.97. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.93 and a beta of 0.82. The stock has a fifty day moving average of $641.36 and a two-hundred day moving average of $586.99.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.93 by $0.08. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.81 billion. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $8.46 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

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.