Lynch Asset Management Inc. Makes New Investment in Ulta Beauty Inc. $ULTA

Lynch Asset Management Inc. bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,450 shares of the specialty retailer’s stock, valued at approximately $2,458,000.

A number of other hedge funds have also made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new position in Ulta Beauty in the fourth quarter valued at 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 buying an additional 42 shares in the last quarter. Hilton Head Capital Partners LLC increased its holdings in shares of Ulta Beauty by 860.0% during the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after buying an additional 43 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors bought a new position in shares of Ulta Beauty in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the sale, the director owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $510.75 on Monday. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.59 and a beta of 0.87. The stock’s fifty day moving average price is $485.61 and its two-hundred day moving average price is $543.45. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping 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 the consensus estimate of $3.12 billion. During the same quarter in the previous year, the company posted $6.70 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities analysts predict that Ulta Beauty Inc. will post 28.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ULTA shares. Evercore set a $635.00 price target on Ulta Beauty in a research report on Wednesday, June 3rd. Argus set a $550.00 price objective on Ulta Beauty in a research note on Thursday, June 18th. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Piper Sandler decreased their target price on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, Guggenheim began coverage on Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.