Pictet Asset Management Holding SA Sells 8,521 Shares of Ulta Beauty Inc. $ULTA

Pictet Asset Management Holding SA lowered its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,086 shares of the specialty retailer’s stock after selling 8,521 shares during the period. Pictet Asset Management Holding SA owned 0.51% of Ulta Beauty worth $118,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ULTA. Ascentis Independent Advisors acquired a new position in shares of Ulta Beauty during the 1st quarter valued at about $29,000. Clearstead Trust LLC bought a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in Ulta Beauty by 46.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 66 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 21 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in Ulta Beauty in the 3rd quarter worth approximately $36,000. Finally, Archer Investment Corp bought a new stake in Ulta Beauty during the second quarter worth approximately $56,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Ulta Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Sanford C. Bernstein raised shares of Ulta Beauty to an “outperform” rating in a report on Tuesday, September 15th. TD Cowen assumed coverage on shares of Ulta Beauty in a report on Friday, October 30th. They set a “strong-buy” rating for the company. BMO Capital Markets began coverage on shares of Ulta Beauty in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $580.00 target price on the stock. Finally, William Blair reiterated a “market perform” rating on shares of Ulta Beauty in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $635.87.

Key Stories Impacting Ulta Beauty

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

• Positive Sentiment: Korean skincare brand Abib is expanding into more than 300 Ulta stores, and Clöud Café is doubling its Ulta presence with a K-wellness endcap. The added brands could broaden Ulta’s assortment and support customer traffic, though the announcements did not quantify expected sales. Abib expands US presence with launch in 300+ Ulta Beauty stores Clöud Café doubles Ulta Beauty presence
• Positive Sentiment: Ulta announced a partnership to bring DECORTÉ skincare to select stores and unveiled a holiday campaign featuring Selena Gomez, Tate McRae and Mrs. Claus. These moves may help refresh its offering and attract shoppers during the holiday season. DECORTÉ partnership announcement Ulta Beauty holiday campaign
• Neutral Sentiment: Citigroup raised its price target to $685 from $580, implying about 6.2% upside from the cited $644.76 share price, but maintained a “neutral” rating. The higher target is a more favorable valuation view, not a bullish rating change. Citigroup stock recommendations
• Negative Sentiment: An opinion article characterized Black women’s departure to Ulta salons as a warning. It may point to customer-retention or service concerns, but the headline alone does not establish the scale or financial impact. Opinion article on Ulta salons

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $644.76 on Monday. The company has a 50-day moving average of $575.78 and a 200-day moving average of $553.76. The company has a market capitalization of $27.57 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.93 and a beta of 0.83. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the prior year, the business posted $5.78 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 28.95 EPS for the current year.

Insider Transactions at Ulta Beauty

In related news, Director Lorna Nagler sold 600 shares of Ulta Beauty stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the sale, the director directly owned 7,168 shares in the company, valued at $3,851,438.08. This trade represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kecia Steelman sold 2,000 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the sale, the chief executive officer owned 40,489 shares of the company’s stock, valued at approximately $22,102,135.32. This represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is owned by corporate insiders.

About Ulta Beauty

Ulta Beauty, Inc is a specialty beauty retailer offering cosmetics, skincare, fragrance, haircare and related products. Its assortment includes both mass-market and prestige brands, as well as products sold under its own private-label brands.

The company serves customers primarily through its retail stores across the United States and its e-commerce channels. Many stores also offer salon services, including haircuts, styling and hair color, alongside beauty products and services.

Founded in 1990, Ulta Beauty is headquartered in Bolingbrook, Illinois.