Zurcher Kantonalbank Zurich Cantonalbank Has $17.14 Million Stake in Ulta Beauty Inc. $ULTA

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,334 shares of the specialty retailer’s stock after selling 9,664 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ulta Beauty were worth $17,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ulta Beauty by 6.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 17 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Ulta Beauty by 13.1% during the 4th quarter. Sound Income Strategies LLC now owns 147 shares of the specialty retailer’s stock valued at $98,000 after buying an additional 17 shares during the last quarter. State of Wyoming lifted its holdings in shares of Ulta Beauty by 10.5% during the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock valued at $115,000 after buying an additional 20 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Ulta Beauty by 2.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 996 shares of the specialty retailer’s stock valued at $602,000 after buying an additional 20 shares during the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in shares of Ulta Beauty by 4.8% during the 3rd quarter. Level Four Advisory Services LLC now owns 459 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 21 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $563.91 on Thursday. The stock’s 50 day simple moving average is $591.08 and its 200 day simple moving average is $587.95. Ulta Beauty Inc. has a twelve month low of $375.01 and a twelve month high of $714.97. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.09 and a beta of 0.95.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $8.46 EPS. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 28.4 EPS for the current fiscal year.

Key Ulta Beauty News

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Ulta announced a Gemini-enabled shopping experience and launched “Ulta AI,” an AI shopping assistant built with Google to personalize discovery and buying across Ulta and Google surfaces — a product tie-up that could boost digital conversion, customer engagement and omni-channel sales. Read More.
• Positive Sentiment: Jefferies upgraded ULTA to Buy recently (cited renewed cosmetics strength and engagement) and several brokers maintain high price targets (median ~$706), supporting a constructive analyst backdrop that can support upside over time. Read More.
• Positive Sentiment: Ulta’s consumer event “Ulta Beauty World” generated massive demand (reports say ~3 million tried to get in), indicating strong brand engagement and marketing reach that can translate into higher traffic and awareness. Read More.
• Neutral Sentiment: Coverage exploring what Ulta Beauty World offers emerging brands highlights the company’s role as a discovery platform — strategically positive long-term but with uncertain near-term revenue impact. Read More.
• Neutral Sentiment: Local retail expansion news (Ulta included in a new shopping center) and routine product roundups (seasonal fragrances) are steady operational items that support store footprint and merchandising but are not market-moving alone. Read More.
• Neutral Sentiment: Positive long-term analyst pieces (Zacks, The Motley Fool) reinforce a growth narrative and pricing power thesis, but these are thematic and unlikely to swing today’s trading by themselves. Read More.
• Negative Sentiment: Proxy/DEF14A filing estimates show CEO Kecia Steelman’s 2025 pay jumped substantially (~59% vs. 2024), which could raise governance/ cost concerns for some investors and attract short-term selling pressure. Read More.
• Negative Sentiment: Institutional activity is mixed but notable: large Q4 reductions from some major managers (e.g., UBS AM removed ~1.48M shares) increase supply risk and can pressure the stock if selling continues. Insider trades include small recent sales. Read More.

Analyst Ratings Changes

A number of research analysts recently weighed in on ULTA shares. Guggenheim started coverage on Ulta Beauty in a research note on Monday. They issued a “buy” rating on the stock. William Blair reissued a “market perform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. Zacks Research downgraded Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Wedbush started coverage on Ulta Beauty in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $725.00 price objective (down from $775.00) on shares of Ulta Beauty in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $674.23.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the transaction, the director directly owned 2,383 shares of the company’s stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

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.