Sheets Smith Wealth Management Sells 4,104 Shares of Ulta Beauty Inc. $ULTA

Sheets Smith Wealth Management trimmed its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 22.9% during the first quarter, HoldingsChannel reports. The fund owned 13,855 shares of the specialty retailer’s stock after selling 4,104 shares during the period. Ulta Beauty comprises about 0.8% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 27th largest position. Sheets Smith Wealth Management’s holdings in Ulta Beauty were worth $7,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Ulta Beauty in the 4th quarter valued at $430,963,000. Holocene Advisors LP boosted its stake in shares of Ulta Beauty by 339.6% during the 3rd 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. Andra AP fonden boosted its stake in shares of Ulta Beauty by 351,900.0% during the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after buying an additional 228,735 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Ulta Beauty by 1,837.4% in the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock valued at $139,756,000 after acquiring an additional 219,075 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after acquiring an additional 211,485 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were 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 in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup lowered their target price on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Wells Fargo & Company reduced their price target on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Telsey Advisory Group raised their price target on Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Bank of America raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price target on the stock in a research report on Tuesday, May 5th. Finally, Oppenheimer dropped their price objective on Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

Trending Headlines about Ulta Beauty

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

• Positive Sentiment: Ulta was highlighted as one of three growth stocks worth buying now, with commentary pointing to its strong brand, customer acquisition, and expansion into new brands and experiences. Article Title
• Positive Sentiment: A Zacks article said Ulta is pushing its fragrance business through innovation, exclusive brands, and new launches, signaling a potentially important growth category for the retailer. Article Title
• Positive Sentiment: Ulta launched a new NielsenIQ study on Gen Alpha and AI-powered beauty discovery, reinforcing its focus on personalization and next-generation beauty shopping trends. Article Title
• Positive Sentiment: Reports that Klarna is expanding its retail footprint with an Ulta Beauty deal suggest Ulta continues to deepen partnerships that could improve checkout flexibility and customer reach. Article Title
• Neutral Sentiment: Several articles revisited Ulta’s Q1 results and stock performance versus other retail names; these pieces were more evaluative than catalytic and did not appear to introduce a new major surprise. Article Title
• Neutral Sentiment: Coverage from Yahoo comparing Ulta with other retail stocks was informational rather than clearly stock-moving. Article Title

Ulta Beauty Price Performance

ULTA opened at $456.13 on Friday. Ulta Beauty Inc. has a 12-month low of $448.57 and a 12-month high of $714.97. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.42 and a beta of 0.86. The business has a 50 day moving average of $508.58 and a 200-day moving average of $580.27.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the firm earned $6.70 EPS. The firm’s 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. As a group, 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.