Owlhouse Capital LP decreased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 62.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,376 shares of the specialty retailer’s stock after selling 3,924 shares during the period. Ulta Beauty makes up 1.6% of Owlhouse Capital LP’s portfolio, making the stock its 18th biggest holding. Owlhouse Capital LP’s holdings in Ulta Beauty were worth $1,242,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Ulta Beauty by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,376,848 shares of the specialty retailer’s stock worth $3,253,047,000 after purchasing an additional 23,434 shares in the last quarter. State Street Corp lifted its stake in Ulta Beauty by 2.5% during the fourth quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer’s stock valued at $1,225,487,000 after purchasing an additional 50,305 shares during the last quarter. Diamant Asset Management Inc. boosted its holdings in Ulta Beauty by 52,171.0% during the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after buying an additional 1,471,222 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ulta Beauty by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer’s stock worth $747,587,000 after buying an additional 21,947 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Ulta Beauty by 0.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 974,223 shares of the specialty retailer’s stock worth $589,415,000 after buying an additional 2,463 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
Analysts Set New Price Targets
ULTA has been the topic of several research reports. Weiss Ratings cut Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Robert W. Baird reduced their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. DA Davidson decreased their target price on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Morgan Stanley cut their target price on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Canaccord Genuity Group reduced their target price on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $638.09.
Insider Buying and Selling
In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director directly owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
Ulta Beauty Stock Performance
Shares of NASDAQ ULTA opened at $475.36 on Monday. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The business has a 50-day moving average price of $476.57 and a two-hundred day moving average price of $558.31. The firm has a market capitalization of $20.44 billion, a PE ratio of 17.82, a PEG ratio of 1.48 and a beta of 0.88.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. The company had revenue of $3.16 billion for 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 firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Research analysts anticipate that Ulta Beauty Inc. will post 28.77 EPS for the current 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.
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