Night Squared LP Sells 4,233 Shares of Ulta Beauty Inc. $ULTA

Night Squared LP lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,506 shares of the specialty retailer’s stock after selling 4,233 shares during the quarter. Ulta Beauty accounts for approximately 2.5% of Night Squared LP’s holdings, making the stock its 7th largest holding. Night Squared LP’s holdings in Ulta Beauty were worth $8,776,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ULTA. Norges Bank acquired a new stake in Ulta Beauty during the 4th quarter worth $430,963,000. Holocene Advisors LP raised its stake in Ulta Beauty by 339.6% during the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after buying an additional 293,516 shares during the period. Andra AP fonden raised its stake in Ulta Beauty by 351,900.0% during the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after buying an additional 228,735 shares during the period. Invesco Ltd. raised its stake in 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 period. Finally, Caisse de depot et placement du Quebec raised its stake 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 purchasing an additional 211,266 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ULTA shares. Wedbush started coverage on Ulta Beauty in a research note on Monday, April 20th. They issued an “outperform” rating on the stock. DA Davidson dropped their price target on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. B. Riley Financial dropped their price target on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Citigroup dropped their price target on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Finally, The Goldman Sachs Group dropped their price target on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $644.91.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA opened at $463.68 on Wednesday. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.47 and a beta of 0.86. The business has a 50-day moving average of $513.47 and a 200-day moving average of $582.33. Ulta Beauty Inc. has a fifty-two week low of $452.05 and a fifty-two week high of $714.97.

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

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the completion of the transaction, the director owned 2,383 shares in the company, valued at $1,285,128.07. This trade represents a 15.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by insiders.

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.