Allspring Global Investments Holdings LLC Cuts Stake in Ulta Beauty Inc. $ULTA

Allspring Global Investments Holdings LLC lessened its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 121,090 shares of the specialty retailer’s stock after selling 18,378 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ulta Beauty were worth $75,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC lifted its position in shares of Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty during the third quarter worth about $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty during the third quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new position in shares of Ulta Beauty in the third quarter worth about $31,000. Finally, BOKF NA acquired a new position in shares of Ulta Beauty in the third quarter worth about $31,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Trading Up 2.5%

Shares of NASDAQ ULTA opened at $522.71 on Wednesday. Ulta Beauty Inc. has a 12-month low of $323.36 and a 12-month high of $714.97. The company has a market cap of $22.86 billion, a PE ratio of 20.39, a P/E/G ratio of 1.87 and a beta of 0.82. The stock has a 50 day simple moving average of $632.17 and a 200-day simple moving average of $587.91.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 12th. The specialty retailer reported $8.01 EPS for the quarter, beating the consensus estimate of $7.93 by $0.08. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations 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 firm earned $8.46 EPS. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on Ulta Beauty from $750.00 to $700.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Argus boosted their target price on shares of Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. Bank of America upped their target price on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Barclays increased their price target on shares of Ulta Beauty from $680.00 to $712.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $671.27.

Key Ulta Beauty News

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

• Positive Sentiment: Ulta is launching on TikTok Shop and leaning into social commerce at a time of reported double-digit sales growth, a move investors view as accelerating discovery and younger-customer engagement. The beauty counter is now on your For You page as Ulta Beauty joins TikTok Shop, betting on the platform reshaping how America consumes
• Positive Sentiment: Ulta expanded its ship‑from‑store program (about 1,000 stores) in 2025, boosting fulfillment flexibility and reducing delivery times — a tangible omnichannel improvement that supports sales and margins. Ulta doubled store fulfillment capabilities in 2025
• Positive Sentiment: Industry coverage highlights Ulta as a beneficiary of beauty-sector premiumization and innovation, reinforcing a favorable secular backdrop for growth and pricing power. 3 Beauty Stocks to Watch as Innovation and Premiumization Fuel Growth
• Neutral Sentiment: Ulta will participate in an upcoming investor conference — a routine but useful event for management to reiterate strategy and guidance to the sell side and institutional holders. Ulta Beauty to Participate in Upcoming Investor Conference
• Neutral Sentiment: Analyst consensus remains favorable (average rating around “Moderate Buy”), which supports investor confidence but leaves less scope for immediate upside from upgrades. Ulta Beauty Inc. (NASDAQ:ULTA) Given Average Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Curated brand additions (e.g., a new tulip-powered skincare brand) underline Ulta’s role as a discovery destination, which is positive for traffic and assortment but typically drives gradual, not immediate, sales impact. Our Editors’ Favorite Tulip-Powered Skin Care Brand Is Now at Ulta

About Ulta Beauty

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.