Swiss Life Asset Management Ltd Acquires 7,702 Shares of Ulta Beauty Inc. $ULTA

Swiss Life Asset Management Ltd lifted its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 48.5% during the third quarter, HoldingsChannel reports. The firm owned 23,591 shares of the specialty retailer’s stock after purchasing an additional 7,702 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Ulta Beauty were worth $12,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Groupama Asset Managment bought a new stake in Ulta Beauty in the third quarter worth about $506,000. CIBC Bancorp USA Inc. purchased a new position in Ulta Beauty in the third quarter valued at about $3,390,000. Coldstream Capital Management Inc. grew its position in shares of Ulta Beauty by 14.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,455 shares of the specialty retailer’s stock valued at $796,000 after acquiring an additional 179 shares during the period. Danske Bank A S bought a new position in shares of Ulta Beauty during the 3rd quarter valued at approximately $32,235,000. Finally, Advisory Services Network LLC increased its stake in shares of Ulta Beauty by 32.1% during the 3rd quarter. Advisory Services Network LLC now owns 1,277 shares of the specialty retailer’s stock worth $698,000 after purchasing an additional 310 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Trading Down 0.8%

Ulta Beauty stock opened at $529.97 on Friday. The firm has a 50 day simple moving average of $652.88 and a 200 day simple moving average of $587.19. Ulta Beauty Inc. has a 1-year low of $323.36 and a 1-year high of $714.97. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 1.96 and a beta of 0.82.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Ulta Beauty in a report on Tuesday, March 10th. Piper Sandler reissued an “overweight” rating and issued a $725.00 target price (down from $775.00) on shares of Ulta Beauty in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft set a $732.00 target price on Ulta Beauty in a research note on Thursday, January 8th. Evercore upped their price target on Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Finally, Morgan Stanley cut their price target on Ulta Beauty from $750.00 to $700.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $671.27.

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.