Ulta Beauty Inc. $ULTA Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt lowered its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 450,505 shares of the specialty retailer’s stock after selling 38,300 shares during the period. Alecta Tjanstepension Omsesidigt owned about 1.02% of Ulta Beauty worth $246,314,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Swedbank AB increased its position in Ulta Beauty by 6.7% in the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after buying an additional 36,456 shares during the period. Keybank National Association OH boosted its holdings in shares of Ulta Beauty by 1.6% during the third quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after acquiring an additional 2,121 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Ulta Beauty during the third quarter valued at $71,997,000. Bowen Hanes & Co. Inc. bought a new position in shares of Ulta Beauty during the third quarter worth about $6,012,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Ulta Beauty by 90.1% during the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock worth $20,037,000 after acquiring an additional 17,365 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 0.5%

Shares of NASDAQ:ULTA opened at $520.65 on Thursday. The company has a 50 day moving average of $658.07 and a 200-day moving average of $587.30. The firm has a market cap of $23.10 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.92 and a beta of 0.82. Ulta Beauty Inc. has a twelve month low of $323.36 and a twelve month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $8.01 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.08. Ulta Beauty had a net margin of 9.31% and a return on equity of 43.56%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the business earned $8.46 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. Equities research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. William Blair reiterated a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. DA Davidson upped their target price on shares of Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Bank of America raised their price target on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. B. Riley Financial reaffirmed a “neutral” rating on shares of Ulta Beauty in a report on Monday, December 8th. Finally, Argus boosted their price objective on Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $671.27.

Ulta Beauty 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.