Ulta Beauty Inc. $ULTA Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp lowered its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.9% in the first quarter, Holdings Channel reports. The fund owned 104,201 shares of the specialty retailer’s stock after selling 3,074 shares during the quarter. Ulta Beauty accounts for approximately 3.5% of AMI Asset Management Corp’s investment portfolio, making the stock its 10th largest holding. AMI Asset Management Corp’s holdings in Ulta Beauty were worth $54,467,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Diamant Asset Management Inc. increased its position in Ulta Beauty by 52,171.0% during the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank acquired a new stake in Ulta Beauty in the fourth quarter valued at approximately $430,963,000. Holocene Advisors LP grew its stake 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 buying an additional 293,516 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Ulta Beauty by 1,837.4% during the fourth quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after buying an additional 219,075 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Ulta Beauty by 33.6% during the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after buying an additional 211,485 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Canaccord Genuity Group dropped their price target on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Morgan Stanley reduced their price objective on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Jefferies Financial Group raised Ulta Beauty from a “hold” rating to a “buy” rating and upped their target price for the stock from $635.00 to $700.00 in a report on Monday, April 20th. Piper Sandler cut their price target on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Citigroup cut their price target on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $638.09.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the transaction, the director directly owned 2,383 shares of the company’s stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is owned by company insiders.

Ulta Beauty Stock Down 6.0%

NASDAQ ULTA opened at $459.12 on Tuesday. The company has a market capitalization of $19.74 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.52 and a beta of 0.86. Ulta Beauty Inc. has a twelve month low of $448.57 and a twelve month high of $714.97. The stock has a fifty day simple moving average of $501.47 and a 200 day simple moving average of $576.39.

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

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.