Ulta Beauty Inc. $ULTA Stock Holdings Trimmed by Courant Investment Management LLC

Courant Investment Management LLC reduced its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,673 shares of the specialty retailer’s stock after selling 1,500 shares during the period. Ulta Beauty makes up 11.1% of Courant Investment Management LLC’s holdings, making the stock its 5th largest position. Courant Investment Management LLC’s holdings in Ulta Beauty were worth $11,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coerente Capital Management increased its holdings in shares of Ulta Beauty by 1.1% during the first quarter. Coerente Capital Management now owns 38,287 shares of the specialty retailer’s stock valued at $20,013,000 after acquiring an additional 411 shares in the last quarter. Krilogy Financial LLC raised its position in shares of Ulta Beauty by 15.7% in the 1st quarter. Krilogy Financial LLC now owns 1,955 shares of the specialty retailer’s stock valued at $1,055,000 after purchasing an additional 265 shares during the last quarter. FFG Partners LLC boosted its stake in Ulta Beauty by 12.1% in the 1st quarter. FFG Partners LLC now owns 18,446 shares of the specialty retailer’s stock worth $9,642,000 after purchasing an additional 1,996 shares in the last quarter. SG Americas Securities LLC boosted its stake in Ulta Beauty by 54.3% in the 1st quarter. SG Americas Securities LLC now owns 35,746 shares of the specialty retailer’s stock worth $18,685,000 after purchasing an additional 12,583 shares in the last quarter. Finally, Evolve Private Wealth LLC grew its position in Ulta Beauty by 10.7% during the 1st quarter. Evolve Private Wealth LLC now owns 1,718 shares of the specialty retailer’s stock worth $898,000 after purchasing an additional 166 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Ulta Beauty

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

• Positive Sentiment: Bath & Body Works will begin selling a curated assortment of body care and home fragrance products in more than 600 Ulta Beauty stores and on Ulta.com starting July 12, giving ULTA another recognizable brand to draw shoppers into stores and online. Article Title
• Positive Sentiment: The partnership includes the return of Bath & Body Works’ Juniper Breeze scent as a limited-time exclusive, which could help generate buzz and create incremental demand for Ulta’s beauty and fragrance category. Article Title
• Positive Sentiment: Management has also been emphasizing Ulta’s large loyalty base and personalized recommendation tools, suggesting the company is trying to turn its 47 million-member program into a stronger customer-retention engine. Article Title
• Neutral Sentiment: Several reports echoed the same Bath & Body Works rollout news, with the key takeaway being broader product selection at Ulta rather than a major change to earnings guidance or near-term financial forecasts. Article Title

Analysts Set New Price Targets

A number of brokerages 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 note on Wednesday, June 3rd. Robert W. Baird lowered their price objective on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $635.00 to $700.00 in a report on Monday, April 20th. Morgan Stanley cut 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. Finally, Guggenheim assumed coverage on Ulta Beauty in a research note on Monday, April 20th. They issued a “buy” rating for the company. One 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $638.09.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 452 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of 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 SEC, which is available at this hyperlink. 0.39% of the stock is currently owned by company insiders.

Ulta Beauty Trading Down 1.2%

Shares of NASDAQ:ULTA opened at $459.33 on Wednesday. Ulta Beauty Inc. has a twelve month low of $448.57 and a twelve month high of $714.97. The company has a market cap of $19.75 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The company’s 50 day moving average is $506.00 and its 200 day moving average is $579.32.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $6.70 EPS. 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 earnings per share 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.