Candriam S.C.A. Sells 8,424 Shares of Ulta Beauty Inc. $ULTA

Candriam S.C.A. trimmed its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 15.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 44,455 shares of the specialty retailer’s stock after selling 8,424 shares during the quarter. Candriam S.C.A.’s holdings in Ulta Beauty were worth $23,237,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Ulta Beauty in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC raised its holdings in Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after buying an additional 43 shares during the period. Strengthening Families & Communities LLC lifted its position in Ulta Beauty by 4,200.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 42 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of Ulta Beauty during the first quarter worth about $29,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $30,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price 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. TD Cowen lowered their price target on shares of Ulta Beauty from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings cut shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Robert W. Baird lowered their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $635.00 to $700.00 in a research report on Monday, April 20th. One equities research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $638.09.

Insiders Place Their Bets

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 stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Ulta Beauty Trading Up 1.9%

ULTA traded up $8.96 during trading on Friday, reaching $469.20. 425,933 shares of the company’s stock were exchanged, compared to its average volume of 703,513. The stock has a market capitalization of $20.17 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The firm has a fifty day moving average price of $484.04 and a two-hundred day moving average price of $567.92.

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 analysts’ consensus estimates 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 analyst estimates of $3.12 billion. During the same quarter in the previous year, the company posted $6.70 EPS. The business’s 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. Sell-side analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

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.