CIBC Private Wealth Group LLC Sells 1,288 Shares of Ulta Beauty Inc. $ULTA

CIBC Private Wealth Group LLC lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,444 shares of the specialty retailer’s stock after selling 1,288 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Ulta Beauty were worth $31,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. CIBC Bancorp USA Inc. purchased a new stake in shares of Ulta Beauty in the 3rd quarter worth $3,390,000. Coldstream Capital Management Inc. raised its holdings in Ulta Beauty by 14.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,455 shares of the specialty retailer’s stock worth $796,000 after purchasing an additional 179 shares during the period. Danske Bank A S purchased a new position in Ulta Beauty during the third quarter valued at $32,235,000. Advisory Services Network LLC lifted its position in Ulta Beauty by 32.1% during the third quarter. Advisory Services Network LLC now owns 1,277 shares of the specialty retailer’s stock valued at $698,000 after purchasing an additional 310 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in Ulta Beauty during the third quarter valued at about $551,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 2.6%

NASDAQ:ULTA opened at $534.10 on Friday. The business’s 50-day simple moving average is $655.61 and its two-hundred day simple moving average is $586.93. Ulta Beauty Inc. has a 52 week low of $323.36 and a 52 week high of $714.97. The stock has a market cap of $23.69 billion, a PE ratio of 20.84, a P/E/G ratio of 1.91 and a beta of 0.82.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share for the quarter, topping analysts’ consensus estimates of $7.93 by $0.08. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the company posted $8.46 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. Sell-side analysts anticipate that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $732.00 price target on Ulta Beauty in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their price objective on Ulta Beauty from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Robert W. Baird set a $700.00 target price on shares of Ulta Beauty in a report on Wednesday, December 17th. Bank of America raised their target price on shares of Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, William Blair reaffirmed a “market perform” rating on shares of Ulta Beauty in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $671.27.

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.