Courant Investment Management LLC Has $11.33 Million Stock Holdings in Ulta Beauty Inc. $ULTA

Courant Investment Management LLC cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,673 shares of the specialty retailer’s stock after selling 1,500 shares during the period. Ulta Beauty makes up 11.1% of Courant Investment Management LLC’s portfolio, making the stock its 5th largest holding. Courant Investment Management LLC’s holdings in Ulta Beauty were worth $11,329,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ULTA. Fideuram Asset Management Ireland dac bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC lifted its stake in shares of Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. boosted its holdings in Ulta Beauty by 2,550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 51 shares during the period. Finally, Virtus Advisers LLC bought a new position in Ulta Beauty in the 4th quarter valued at $33,000. 90.39% of the stock is currently owned by institutional investors.

More Ulta Beauty News

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

• Positive Sentiment: Bath & Body Works will begin selling a curated assortment of body care and home fragrance products in more than 600 Ulta Beauty stores and on Ulta.com starting July 12, giving ULTA another recognizable brand to draw shoppers into stores and online. Article Title
• Positive Sentiment: The partnership includes the return of Bath & Body Works’ Juniper Breeze scent as a limited-time exclusive, which could help generate buzz and create incremental demand for Ulta’s beauty and fragrance category. Article Title
• Positive Sentiment: Management has also been emphasizing Ulta’s large loyalty base and personalized recommendation tools, suggesting the company is trying to turn its 47 million-member program into a stronger customer-retention engine. Article Title
• Neutral Sentiment: Several reports echoed the same Bath & Body Works rollout news, with the key takeaway being broader product selection at Ulta rather than a major change to earnings guidance or near-term financial forecasts. Article Title

Ulta Beauty Price Performance

ULTA opened at $459.33 on Wednesday. The business’s 50-day moving average is $506.00 and its two-hundred day moving average is $579.32. Ulta Beauty Inc. has a 1 year low of $448.57 and a 1 year high of $714.97. The firm has a market capitalization of $19.75 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the firm posted $6.70 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, sell-side analysts expect that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Insider Activity at Ulta Beauty

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 completion of the sale, the director owned 2,383 shares of the company’s stock, valued at $1,285,128.07. This represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their target price on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Wedbush began coverage on shares of Ulta Beauty in a report on Monday, April 20th. They issued an “outperform” rating on the stock. William Blair reiterated a “market perform” rating on shares of Ulta Beauty in a report on Monday, March 9th. Argus set a $550.00 target price on shares of Ulta Beauty in a research note on Thursday, June 18th. Finally, UBS Group reduced their target price on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

Ulta Beauty 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.