Oppenheimer & Co. Inc. Sells 1,165 Shares of Ulta Beauty Inc. $ULTA

Posted by Brian Himes on Oct 31st, 2026

Oppenheimer & Co. Inc. decreased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,473 shares of the specialty retailer’s stock after selling 1,165 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $2,989,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ascentis Independent Advisors acquired a new position in shares of Ulta Beauty during the first quarter valued at about $29,000. Clearstead Trust LLC acquired a new stake in Ulta Beauty during the second quarter worth about $27,000. Elevation Wealth Partners LLC grew its position in Ulta Beauty by 46.7% during the third quarter. Elevation Wealth Partners LLC now owns 66 shares of the specialty retailer’s stock worth $36,000 after buying an additional 21 shares in the last quarter. Archer Investment Corp acquired a new stake in Ulta Beauty during the second quarter worth about $56,000. Finally, NFSG Corp bought a new position in Ulta Beauty during the first quarter valued at about $78,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 1.2%

Shares of Ulta Beauty stock opened at $640.43 on Friday. The stock has a market capitalization of $27.38 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The company has a 50-day simple moving average of $564.84 and a 200 day simple moving average of $554.29. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $0.33. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities analysts anticipate that Ulta Beauty Inc. will post 28.95 earnings per share for the current year.

Insider Activity at Ulta Beauty

In other news, CEO Kecia Steelman sold 2,000 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $545.88, for a total value of $1,091,760.00. Following the completion of the transaction, the chief executive officer owned 40,489 shares in the company, valued at approximately $22,102,135.32. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorna Nagler sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the transaction, the director directly owned 7,168 shares in the company, valued at $3,851,438.08. The trade was a 7.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James Financial cut Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, September 15th. Wells Fargo & Company raised Ulta Beauty from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $450.00 to $525.00 in a report on Tuesday, September 15th. Royal Bank Of Canada raised Ulta Beauty to an “outperform” rating in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Ulta Beauty from $692.00 to $695.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, TD Cowen restated a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $631.30.

View Our Latest Analysis on ULTA

Ulta Beauty Company Profile

(Free Report)

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.