Louisiana State Employees Retirement System Takes Position in Ulta Beauty Inc. $ULTA

Louisiana State Employees Retirement System purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 1st quarter, HoldingsChannel reports. The fund purchased 2,300 shares of the specialty retailer’s stock, valued at approximately $1,202,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Ulta Beauty during the 4th quarter valued at about $430,963,000. Holocene Advisors LP boosted its holdings in shares of 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 purchasing an additional 293,516 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Ulta Beauty by 1,837.4% during the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after purchasing an additional 219,075 shares during the last quarter. Invesco Ltd. grew its position in shares of Ulta Beauty by 33.6% in the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after purchasing an additional 211,485 shares in the last quarter. Finally, Caisse de depot et placement du Quebec grew its position in shares of Ulta Beauty by 249.8% in the third 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 in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the transaction, the director directly owned 2,383 shares in the company, valued at approximately $1,285,128.07. This represents a 15.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.

Ulta Beauty Stock Performance

ULTA stock opened at $461.33 on Friday. The firm has a market cap of $19.83 billion, a PE ratio of 17.30, a PEG ratio of 1.44 and a beta of 0.88. The firm’s 50 day moving average price is $492.85 and its 200-day moving average price is $572.59. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping the consensus estimate of $6.89 by $0.85. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities research analysts predict that Ulta Beauty Inc. will post 28.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ULTA. Telsey Advisory Group increased 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. Weiss Ratings cut Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Citigroup cut their target price on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Loop Capital reiterated a “hold” rating and set a $550.00 price target on shares of Ulta Beauty in a report on Wednesday, June 3rd. Finally, B. Riley Financial lowered their price target on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ulta Beauty has an average 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.