Ulta Beauty Inc. $ULTA Stake Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 9.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 213,520 shares of the specialty retailer’s stock after selling 23,463 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ulta Beauty were worth $111,599,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ULTA. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC raised its holdings in shares of Ulta Beauty by 860.0% during the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 43 shares during the period. Strengthening Families & Communities LLC raised its holdings in shares of Ulta Beauty by 4,200.0% during the fourth 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 during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $30,000. Finally, BOKF NA purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $31,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ULTA. Argus set a $550.00 price objective on shares of Ulta Beauty in a research report on Thursday, June 18th. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Robert W. Baird decreased their target price 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. UBS Group lowered their price target on Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a 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 target on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and a consensus target price of $638.09.

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 dated Tuesday, April 7th. The stock was 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 of the company’s stock, valued at $1,285,128.07. This represents a 15.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by company insiders.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $488.45 on Monday. The firm has a fifty day moving average of $503.08 and a two-hundred day moving average of $577.40. The firm has a market capitalization of $21.00 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.86. Ulta Beauty Inc. has a 12-month low of $448.57 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the company posted $6.70 EPS. Ulta Beauty’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. Equities research analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal 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.