Ulta Beauty Inc. $ULTA Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 647,434 shares of the specialty retailer’s stock after buying an additional 21,341 shares during the period. Franklin Resources Inc.’s holdings in Ulta Beauty were worth $391,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Ulta Beauty during the fourth quarter worth approximately $430,963,000. Holocene Advisors LP raised its holdings in Ulta Beauty by 339.6% during the third quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after purchasing an additional 293,516 shares in the last quarter. Andra AP fonden raised its holdings in Ulta Beauty by 351,900.0% during the third quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after purchasing an additional 228,735 shares in the last quarter. Invesco Ltd. lifted its position in shares of Ulta Beauty by 33.6% during the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after buying an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec boosted its holdings in shares of Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after buying an additional 211,266 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group dropped their target price on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. B. Riley Financial decreased their price objective on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. cut 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. Evercore set a $635.00 target price on Ulta Beauty in a report on Wednesday, June 3rd. Finally, William Blair restated a “market perform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given 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, the stock has an average rating of “Moderate Buy” and an average target price of $651.73.

Insider Buying and Selling at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the sale, the director directly owned 2,383 shares in the company, valued at $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by company insiders.

Ulta Beauty Stock Performance

ULTA stock opened at $462.80 on Tuesday. The stock has a market capitalization of $19.90 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.46 and a beta of 0.86. The company has a fifty day moving average of $520.00 and a 200-day moving average of $584.11. Ulta Beauty Inc. has a one year low of $452.00 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the company posted $6.70 earnings per share. The firm’s revenue for the quarter 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 analysts forecast that Ulta Beauty Inc. will post 28.72 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.