CIBC Private Wealth Group LLC Cuts Stake in Ulta Beauty Inc. $ULTA

CIBC Private Wealth Group LLC cut its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 57,444 shares of the specialty retailer’s stock after selling 1,288 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.13% of Ulta Beauty worth $31,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ULTA. Focus Partners Wealth raised its holdings in Ulta Beauty by 231.6% in the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock worth $1,372,000 after acquiring an additional 2,615 shares during the last quarter. Intech Investment Management LLC boosted its stake in Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $1,758,000 after purchasing an additional 1,574 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Ulta Beauty during the 2nd quarter valued at $466,000. SG Americas Securities LLC increased its holdings in shares of Ulta Beauty by 175.2% in the 2nd quarter. SG Americas Securities LLC now owns 3,992 shares of the specialty retailer’s stock worth $1,868,000 after purchasing an additional 9,298 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter worth $210,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $534.10 on Friday. Ulta Beauty Inc. has a one year low of $323.36 and a one year high of $714.97. The stock has a fifty day moving average of $655.61 and a 200 day moving average of $586.93. The stock has a market cap of $23.69 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.91 and a beta of 0.82.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.08. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $8.46 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. As a group, sell-side analysts predict that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ULTA shares. Telsey Advisory Group upped their price target on Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Canaccord Genuity Group lifted their price objective on Ulta Beauty from $674.00 to $799.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. JPMorgan Chase & Co. decreased their target price on Ulta Beauty from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. William Blair reiterated a “market perform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. Finally, Bank of America boosted their price objective on shares of Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target 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.