Diamant Asset Management Inc. Has $77.05 Million Position in Ulta Beauty Inc. $ULTA

Diamant Asset Management Inc. boosted its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 52,171.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,474,042 shares of the specialty retailer’s stock after acquiring an additional 1,471,222 shares during the quarter. Diamant Asset Management Inc.’s holdings in Ulta Beauty were worth $77,050,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Ulta Beauty during the fourth quarter worth about $430,963,000. Holocene Advisors LP raised 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 buying an additional 293,516 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Ulta Beauty by 1,837.4% in the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after buying an additional 219,075 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after buying an additional 211,485 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in shares of Ulta Beauty by 249.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after buying an additional 211,266 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 452 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were 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 in the company, valued at $1,285,128.07. This represents a 15.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ULTA has been the topic of several recent analyst reports. Citigroup decreased their price target on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Telsey Advisory Group lifted their price objective on Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a report on Monday, March 9th. DA Davidson cut their price objective on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their target price on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, B. Riley Financial lowered their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $638.09.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $488.45 on Friday. The stock’s 50 day simple moving average is $503.08 and its 200 day simple moving average is $577.49. Ulta Beauty Inc. has a one year low of $448.57 and a one year high of $714.97. The firm has a market cap of $21.00 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.86.

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

About Ulta Beauty

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.