Chesley Taft & Associates LLC Has $1.46 Million Stock Position in Ulta Beauty Inc. $ULTA

Chesley Taft & Associates LLC increased its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 175.8% during the second quarter, HoldingsChannel reports. The fund owned 3,227 shares of the specialty retailer’s stock after acquiring an additional 2,057 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Ulta Beauty were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ULTA. Fideuram Asset Management Ireland dac acquired a new stake in Ulta Beauty in the 4th quarter worth $25,000. Hilton Head Capital Partners LLC raised its position 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 buying an additional 43 shares during the last quarter. Strengthening Families & Communities LLC raised its position 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 buying an additional 42 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of Ulta Beauty in the first quarter valued at about $29,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Ulta Beauty in the fourth quarter valued at about $30,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler reduced their price objective on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Citigroup decreased their price objective on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. The Goldman Sachs Group lowered their price objective on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Finally, B. Riley Financial cut their target price on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $638.09.

Insider Activity at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the sale, the director owned 2,404 shares of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Ulta Beauty Stock Up 4.9%

NASDAQ ULTA opened at $565.15 on Friday. The stock has a market cap of $24.30 billion, a P/E ratio of 21.19, a PEG ratio of 1.76 and a beta of 0.87. The company’s 50-day simple moving average is $480.58 and its 200 day simple moving average is $549.47. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the company earned $6.70 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Ulta Beauty Inc. will post 28.78 earnings per share for the current 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.