BI Asset Management Fondsmaeglerselskab A S Sells 30,705 Shares of Ulta Beauty Inc. $ULTA

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 44.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,909 shares of the specialty retailer’s stock after selling 30,705 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ulta Beauty were worth $23,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULTA. Norges Bank bought a new position in shares of Ulta Beauty during the fourth quarter worth $430,963,000. Holocene Advisors LP boosted its position in shares of Ulta Beauty by 339.6% during the third quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after purchasing an additional 293,516 shares in the last quarter. Andra AP fonden lifted its position in Ulta Beauty by 351,900.0% in the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock valued at $125,096,000 after acquiring an additional 228,735 shares in the last quarter. Invesco Ltd. lifted its position in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after acquiring an additional 211,485 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after acquiring an additional 211,266 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 1.0%

Shares of NASDAQ:ULTA opened at $467.07 on Friday. The firm has a market cap of $20.08 billion, a PE ratio of 17.51, a PEG ratio of 1.48 and a beta of 0.86. The company’s 50 day moving average price is $521.18 and its two-hundred day moving average price is $583.90. Ulta Beauty Inc. has a 12-month low of $452.00 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, research analysts expect that Ulta Beauty Inc. will post 28.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. William Blair reaffirmed a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. Canaccord Genuity Group lowered their price target on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group lowered their price target on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $651.73.

Key Ulta Beauty News

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

• Positive Sentiment: New commentary argued Ulta remains a solid growth stock, pointing to above-average financial growth and the potential to outperform the market. Is Ulta (ULTA) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Positive Sentiment: Analysts and market notes highlighted strong demand for premium beauty brands, with Ulta’s latest results and raised outlook suggesting the business is still holding up well. Ulta Beauty Sales Jump On Strong Demand For Higher-End Beauty Brands
• Positive Sentiment: Multiple broker updates lifted price targets, including JPMorgan, Barclays, and Robert W. Baird, reinforcing Wall Street’s constructive view on Ulta’s rebound potential. Ulta Beauty (NASDAQ:ULTA) Given New $631.00 Price Target at JPMorgan Chase & Co.
• Neutral Sentiment: Ulta’s presentation at the William Blair Growth Stock Conference kept the company in focus, but it did not appear to introduce a major new catalyst. Ulta Beauty, Inc. (ULTA) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: One retail-industry discussion emphasized that delivery reliability matters more than speed, which is relevant to Ulta’s operations but unlikely to move the stock on its own. Delivery reliability trumps speed, Macy’s and Ulta execs say
• Negative Sentiment: Despite the bullish long-term narrative, some coverage noted that the stock had been under pressure recently after earnings, suggesting investors remain cautious about near-term momentum. Ulta proves beauty’s resilience, but guidance raises questions over momentum

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 452 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the sale, the director owned 2,383 shares in the company, valued at approximately $1,285,128.07. This trade represents a 15.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

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.