Swedbank AB Sells 23,616 Shares of Ulta Beauty Inc. $ULTA

Swedbank AB reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 533,655 shares of the specialty retailer’s stock after selling 23,616 shares during the quarter. Swedbank AB’s holdings in Ulta Beauty were worth $278,947,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac acquired a new position in Ulta Beauty in the 4th quarter valued at $25,000. Strengthening Families & Communities LLC raised its stake in Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 42 shares in the last quarter. Hilton Head Capital Partners LLC lifted its position in Ulta Beauty by 860.0% during the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 43 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in Ulta Beauty during the fourth quarter worth about $30,000. Finally, Steigerwald Gordon & Koch Inc. grew its stake in Ulta Beauty by 2,550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.5%

NASDAQ:ULTA traded up $2.34 during mid-day trading on Tuesday, hitting $454.83. 120,081 shares of the company’s stock were exchanged, compared to its average volume of 722,223. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97. The firm has a market capitalization of $19.55 billion, a P/E ratio of 17.02, a PEG ratio of 1.44 and a beta of 0.88. The company has a 50 day simple moving average of $492.85 and a 200-day simple moving average of $572.46.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $0.85. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director directly owned 2,404 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ULTA has been the subject of several analyst reports. UBS Group dropped their target price on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Citigroup reduced their price target on shares of Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective on the stock in a research note on Tuesday, May 5th. B. Riley Financial lowered 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 report on Wednesday, June 3rd. Finally, Oppenheimer reduced their target price on Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $638.09.

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.