Allspring Global Investments Holdings LLC Sells 43,699 Shares of Ulta Beauty Inc. $ULTA

Allspring Global Investments Holdings LLC cut its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 36.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,391 shares of the specialty retailer’s stock after selling 43,699 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ulta Beauty were worth $41,529,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ULTA. Optimize Financial Inc grew its position in shares of Ulta Beauty by 1.4% in the fourth quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer’s stock valued at $711,000 after purchasing an additional 16 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Ulta Beauty by 6.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the specialty retailer’s stock worth $160,000 after buying an additional 17 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Ulta Beauty by 13.1% during the fourth quarter. Sound Income Strategies LLC now owns 147 shares of the specialty retailer’s stock worth $98,000 after buying an additional 17 shares during the last quarter. Legacy Advisors LLC boosted its position in shares of Ulta Beauty by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 1,543 shares of the specialty retailer’s stock valued at $934,000 after acquiring an additional 18 shares during the period. Finally, Root Financial Partners LLC boosted its position in shares of Ulta Beauty by 12.1% in the first quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer’s stock valued at $87,000 after acquiring an additional 18 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $479.57 on Monday. The stock’s 50 day simple moving average is $478.32 and its 200 day simple moving average is $562.92. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The firm has a market cap of $20.62 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.50 and a beta of 0.88.

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

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ULTA. Weiss Ratings lowered shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Barclays lowered their price target on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Guggenheim began coverage on Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. Robert W. Baird reduced their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Finally, Bank of America raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective on the stock in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $638.09.

Ulta Beauty Company 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.