Oppenheimer & Co. Inc. Sells 1,165 Shares of Ulta Beauty Inc. $ULTA

Oppenheimer & Co. Inc. lessened its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,473 shares of the specialty retailer’s stock after selling 1,165 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ulta Beauty were worth $2,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ULTA. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ulta Beauty in the second quarter worth approximately $33,021,000. Oxbow Advisors LLC purchased a new position in Ulta Beauty during the first quarter valued at approximately $3,024,000. Vise Technologies Inc. purchased a new position in Ulta Beauty during the second quarter valued at approximately $1,033,000. Tidal Investments LLC grew its position in Ulta Beauty by 34.6% during the second quarter. Tidal Investments LLC now owns 17,553 shares of the specialty retailer’s stock valued at $7,916,000 after purchasing an additional 4,513 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in Ulta Beauty in the 2nd quarter valued at approximately $8,311,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised shares of Ulta Beauty from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $450.00 to $525.00 in a research note on Tuesday, September 15th. Barclays dropped their price target on shares of Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating on the stock in a research note on Friday, August 28th. Jefferies Financial Group increased their price objective on Ulta Beauty from $670.00 to $730.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. The Goldman Sachs Group lifted their price objective on Ulta Beauty from $648.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Finally, Raymond James Financial downgraded Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, September 15th. Twenty-four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $631.30.

Ulta Beauty Stock Down 1.2%

Shares of ULTA stock opened at $640.43 on Friday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The company has a market cap of $27.38 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The business’s 50 day moving average is $564.84 and its two-hundred day moving average is $554.29.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data 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. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the company earned $5.78 earnings per share. Ulta Beauty’s revenue for the quarter was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts expect that Ulta Beauty Inc. will post 28.95 EPS for the current fiscal year.

Insider Transactions at Ulta Beauty

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

Ulta Beauty Profile

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.