Sumitomo Mitsui Trust Group Inc. Cuts Position in Ulta Beauty Inc. $ULTA

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 4.5% in the first quarter, Holdings Channel.com reports. The fund owned 104,190 shares of the specialty retailer’s stock after selling 4,868 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ulta Beauty were worth $54,461,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Ulta Beauty in the 4th quarter valued at approximately $430,963,000. Oliver Luxxe Assets LLC purchased a new stake in Ulta Beauty during the fourth quarter worth $8,009,000. Atria Investments Inc boosted its position in Ulta Beauty by 42.7% during the fourth quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer’s stock worth $4,233,000 after purchasing an additional 2,093 shares in the last quarter. SG Americas Securities LLC grew its holdings in Ulta Beauty by 222.7% in the fourth quarter. SG Americas Securities LLC now owns 23,163 shares of the specialty retailer’s stock valued at $14,014,000 after purchasing an additional 15,985 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Ulta Beauty by 27.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock valued at $164,364,000 after purchasing an additional 58,719 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Up 1.9%

Shares of Ulta Beauty stock traded up $8.96 during trading hours on Friday, hitting $469.20. The company’s stock had a trading volume of 425,933 shares, compared to its average volume of 703,513. Ulta Beauty Inc. has a 1-year low of $443.60 and a 1-year high of $714.97. The business has a fifty day moving average of $484.04 and a 200 day moving average of $567.92. The company has a market capitalization of $20.17 billion, a PE ratio of 17.59, a P/E/G ratio of 1.46 and a beta of 0.88.

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, beating the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the transaction, the director directly owned 2,404 shares of the company’s stock, valued at $1,143,919.36. This trade represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Loop Capital reaffirmed a “hold” rating and set a $550.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd. The Goldman Sachs Group lowered their price objective on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Piper Sandler dropped their target price on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $638.09.

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.