Ulta Beauty Inc. $ULTA Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 216,086 shares of the specialty retailer’s stock after selling 8,521 shares during the period. Pictet Asset Management Holding SA’s holdings in Ulta Beauty were worth $118,020,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Ulta Beauty by 512,509.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,464,000 shares of the specialty retailer’s stock valued at $3,530,443,000 after acquiring an additional 6,462,739 shares in the last quarter. BlackRock Inc. bought a new position in Ulta Beauty during the 2nd quarter worth about $1,815,712,000. Bank of America Corp DE bought a new position in Ulta Beauty during the 2nd quarter worth about $260,192,000. Legal & General Group Plc bought a new position in Ulta Beauty during the 2nd quarter worth about $161,600,000. Finally, Deutsche Bank AG bought a new position in Ulta Beauty during the 2nd quarter worth about $124,784,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, Director Lorna Nagler sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $537.31, for a total transaction of $322,386.00. Following the completion of the sale, the director owned 7,168 shares in the company, valued at $3,851,438.08. The trade was a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kecia Steelman sold 2,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $545.88, for a total value of $1,091,760.00. Following the completion of the transaction, the chief executive officer directly owned 40,489 shares in the company, valued at approximately $22,102,135.32. This represents a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ULTA. Guggenheim began coverage on Ulta Beauty in a report on Tuesday, September 15th. They issued a “buy” rating on the stock. The Goldman Sachs Group increased their price objective on Ulta Beauty from $648.00 to $667.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Weiss Ratings raised Ulta Beauty from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Cantor Fitzgerald started coverage on Ulta Beauty in a research note on Tuesday, September 15th. They issued an “overweight” rating on the stock. Finally, Citigroup boosted their target price on Ulta Beauty from $580.00 to $685.00 and gave the company a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $635.87.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $644.76 on Monday. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97. The company has a market capitalization of $27.57 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83. The company has a 50-day simple moving average of $575.78 and a 200 day simple moving average of $553.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $0.33. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts forecast that Ulta Beauty Inc. will post 28.95 earnings per share for the current year.

More Ulta Beauty News

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Korean skincare brand Abib is expanding into more than 300 Ulta stores, and Clöud Café is doubling its Ulta presence with a K-wellness endcap. The added brands could broaden Ulta’s assortment and support customer traffic, though the announcements did not quantify expected sales. Abib expands US presence with launch in 300+ Ulta Beauty stores Clöud Café doubles Ulta Beauty presence
• Positive Sentiment: Ulta announced a partnership to bring DECORTÉ skincare to select stores and unveiled a holiday campaign featuring Selena Gomez, Tate McRae and Mrs. Claus. These moves may help refresh its offering and attract shoppers during the holiday season. DECORTÉ partnership announcement Ulta Beauty holiday campaign
• Neutral Sentiment: Citigroup raised its price target to $685 from $580, implying about 6.2% upside from the cited $644.76 share price, but maintained a “neutral” rating. The higher target is a more favorable valuation view, not a bullish rating change. Citigroup stock recommendations
• Negative Sentiment: An opinion article characterized Black women’s departure to Ulta salons as a warning. It may point to customer-retention or service concerns, but the headline alone does not establish the scale or financial impact. Opinion article on Ulta salons

Ulta Beauty Profile

Ulta Beauty, Inc is a specialty beauty retailer offering cosmetics, skincare, fragrance, haircare and related products. Its assortment includes both mass-market and prestige brands, as well as products sold under its own private-label brands.

The company serves customers primarily through its retail stores across the United States and its e-commerce channels. Many stores also offer salon services, including haircuts, styling and hair color, alongside beauty products and services.

Founded in 1990, Ulta Beauty is headquartered in Bolingbrook, Illinois.