Illinois Municipal Retirement Fund cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) by 3.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,638 shares of the specialty retailer’s stock after selling 1,087 shares during the period. Illinois Municipal Retirement Fund’s holdings in Ulta Beauty were worth $18,918,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ulta Beauty during the second quarter worth $33,021,000. Vise Technologies Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $1,033,000. Tidal Investments LLC lifted its stake in shares of Ulta Beauty by 34.6% in the 2nd quarter. Tidal Investments LLC now owns 17,553 shares of the specialty retailer’s stock valued at $7,916,000 after purchasing an additional 4,513 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $8,311,000. Finally, Raiffeisen Bank International AG grew its holdings in shares of Ulta Beauty by 9,728.1% during the 2nd quarter. Raiffeisen Bank International AG now owns 3,145 shares of the specialty retailer’s stock worth $1,444,000 after purchasing an additional 3,113 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Ulta Beauty Stock Down 0.1%
NASDAQ:ULTA opened at $664.41 on Wednesday. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97. The stock’s fifty day moving average is $581.28 and its two-hundred day moving average is $553.59. The stock has a market capitalization of $28.41 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, sell-side analysts expect that Ulta Beauty Inc. will post 28.95 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ULTA has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Ulta Beauty from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $450.00 to $525.00 in a research report on Tuesday, September 15th. Barclays decreased their target price on shares of Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating on the stock in a research report on Friday, August 28th. Sanford C. Bernstein raised shares of Ulta Beauty to an “outperform” rating in a research note on Tuesday, September 15th. FBN Securities started coverage on shares of Ulta Beauty in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. Finally, DA Davidson reiterated a “buy” rating and set a $625.00 price target on shares of Ulta Beauty in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $635.87.
Get Our Latest Analysis on Ulta Beauty
Key Stories Impacting Ulta Beauty
Here are the key news stories impacting Ulta Beauty this week:
- Positive Sentiment: Glow Recipe is entering Ulta Beauty with its viral eye masks, expanding the retailer’s skincare assortment and potentially drawing customer interest. Glow Recipe Launches Their Viral Eye Masks And Enters Ulta
- Positive Sentiment: Ulta Beauty’s price target was reportedly raised to $685, a potentially favorable signal for investor expectations; the report does not provide the prior target or rationale. Ulta Beauty Price Target Raised to $685.00
- Neutral Sentiment: A short-interest report says short interest totaled zero shares and days to cover were zero, while also describing a “large increase”—an internal inconsistency that makes the figures difficult to interpret.
Insider Transactions at Ulta Beauty
In related news, CEO Kecia Steelman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the completion of the transaction, the chief executive officer directly owned 40,489 shares in the company, valued at $22,102,135.32. This trade represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lorna Nagler sold 600 shares of Ulta Beauty stock in a transaction dated Friday, September 11th. The shares were 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 of the company’s stock, valued at approximately $3,851,438.08. This represents a 7.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.
Ulta Beauty Profile
Ulta Beauty, Inc. is a specialty beauty retailer offering cosmetics, skincare, fragrance, haircare and related products. Its assortment includes both mass-market and prestige brands, as well as products sold under its own private-label brands. The company serves customers primarily through its retail stores across the United States and its e-commerce channels. Many stores also offer salon services, including haircuts, styling and hair color, alongside beauty products and services. Founded in 1990, Ulta Beauty is headquartered in Bolingbrook, Illinois.
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