Chicago Partners Investment Group LLC Boosts Stake in Ulta Beauty Inc. $ULTA

Chicago Partners Investment Group LLC raised its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 68.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,811 shares of the specialty retailer’s stock after purchasing an additional 1,146 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Ulta Beauty were worth $1,585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in Ulta Beauty in the fourth quarter valued at about $25,000. Strengthening Families & Communities LLC grew its stake in shares of Ulta Beauty by 4,200.0% during the 4th 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 during the period. Hilton Head Capital Partners LLC grew its stake in shares of Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 43 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at about $30,000. Finally, Steigerwald Gordon & Koch Inc. increased its position in shares of Ulta Beauty by 2,550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 51 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the topic of a number of research reports. Morgan Stanley dropped their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price for the company in a report on Tuesday, May 5th. Robert W. Baird decreased their price target on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 3rd. Loop Capital reiterated a “hold” rating and set a $550.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Finally, Piper Sandler dropped their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $638.09.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the transaction, the director directly owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Ulta Beauty Stock Down 0.9%

ULTA stock opened at $469.12 on Wednesday. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The stock has a market cap of $20.17 billion, a P/E ratio of 17.59, a PEG ratio of 1.48 and a beta of 0.88. The business’s 50-day moving average price is $481.49 and its 200-day moving average price is $565.70.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

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.