Burney Co. Has $8.12 Million Holdings in Ulta Beauty Inc. $ULTA

Burney Co. trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 13.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,526 shares of the specialty retailer’s stock after selling 2,490 shares during the quarter. Burney Co.’s holdings in Ulta Beauty were worth $8,116,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Ascentis Independent Advisors bought a new position in shares of Ulta Beauty during the first quarter worth approximately $29,000. Raleigh Capital Management Inc. bought a new stake in shares of Ulta Beauty in the first quarter valued at approximately $379,000. GM Advisory Group LLC boosted its stake in shares of Ulta Beauty by 127.1% in the first quarter. GM Advisory Group LLC now owns 7,853 shares of the specialty retailer’s stock valued at $4,105,000 after buying an additional 4,395 shares during the period. Astoria Portfolio Advisors LLC. boosted its stake in shares of Ulta Beauty by 9.6% in the first quarter. Astoria Portfolio Advisors LLC. now owns 1,038 shares of the specialty retailer’s stock valued at $560,000 after buying an additional 91 shares during the period. Finally, K.J. Harrison & Partners Inc acquired a new stake in Ulta Beauty during the first quarter worth approximately $1,568,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ULTA. Raymond James Financial restated a “strong-buy” rating on shares of Ulta Beauty in a research note on Tuesday, March 10th. B. Riley Financial reduced their target price on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Wells Fargo & Company reduced their target price on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a report on Wednesday, June 3rd. Canaccord Genuity Group decreased their price target on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group raised Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price target for the company from $635.00 to $700.00 in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $638.09.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the sale, the director owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by insiders.

Ulta Beauty Trading Down 1.9%

Shares of ULTA opened at $452.49 on Tuesday. The stock’s 50-day moving average price is $492.85 and its two-hundred day moving average price is $572.46. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The company has a market capitalization of $19.45 billion, a PE ratio of 16.97, a PEG ratio of 1.44 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating 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 company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the firm posted $6.70 earnings per share. The business’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. Equities research analysts predict that Ulta Beauty Inc. will post 28.76 EPS 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.