Ulta Beauty Inc. $ULTA Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 3.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 100,139 shares of the specialty retailer’s stock after selling 3,319 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ulta Beauty were worth $54,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. VestGen Advisors LLC boosted its position in Ulta Beauty by 1.8% during the 3rd quarter. VestGen Advisors LLC now owns 895 shares of the specialty retailer’s stock valued at $489,000 after acquiring an additional 16 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Ulta Beauty by 46.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 66 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 21 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Ulta Beauty by 0.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,583 shares of the specialty retailer’s stock worth $1,616,000 after acquiring an additional 23 shares in the last quarter. Avity Investment Management Inc. raised its position in shares of Ulta Beauty by 5.4% in the 3rd quarter. Avity Investment Management Inc. now owns 507 shares of the specialty retailer’s stock worth $277,000 after acquiring an additional 26 shares in the last quarter. Finally, Central Bank & Trust Co. raised its position in shares of Ulta Beauty by 1.5% in the 3rd quarter. Central Bank & Trust Co. now owns 1,742 shares of the specialty retailer’s stock worth $951,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

More Ulta Beauty News

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

• Positive Sentiment: Ulta plans to sell WHOOP fitness trackers and related health insights on Ulta.com and in select stores starting in March 2027. The partnership could broaden its wellness assortment and attract new customers, though its sales impact is not yet known. WHOOP and Ulta Beauty partnership announcement
• Positive Sentiment: The retailer’s holiday campaign features Selena Gomez and Tate McRae, giving Ulta a high-profile seasonal marketing push that could help draw shoppers during the holiday period. No sales forecast was provided. Ulta Beauty holiday campaign
• Positive Sentiment: Zacks says Ulta’s earnings-surprise history and current estimate indicators point to the possibility of another quarterly earnings beat. This is an analyst-screen signal, not a new company earnings report or guarantee. Zacks earnings outlook
• Neutral Sentiment: A report points to increased beauty, fashion and wellness spending among some users of weight-loss drugs, a possible category tailwind; it does not establish a specific benefit to Ulta. Report on GLP-1 users’ spending

Analyst Ratings Changes

ULTA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Ulta Beauty from $692.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. FBN Securities started coverage on Ulta Beauty in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. Bank of America reduced their target price on shares of Ulta Beauty from $685.00 to $650.00 and set a “buy” rating for the company in a report on Friday, August 28th. UBS Group set a $631.00 price target on shares of Ulta Beauty in a research report on Friday, August 28th. Finally, Raymond James Financial cut shares of Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $631.30.

Ulta Beauty Trading Down 0.4%

Shares of ULTA stock opened at $634.89 on Wednesday. The business’s fifty day simple moving average is $569.09 and its 200-day simple moving average is $554.01. The company has a market cap of $27.15 billion, a PE ratio of 23.14, a PEG ratio of 1.91 and a beta of 0.83. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, beating the consensus estimate of $6.22 by $0.33. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities analysts forecast that Ulta Beauty Inc. will post 28.95 earnings per share for the current year.

Insider Activity

In other Ulta Beauty news, CEO Kecia Steelman sold 2,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 40,489 shares in the company, valued at approximately $22,102,135.32. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lorna Nagler sold 600 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was 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 of the company’s stock, valued at approximately $3,851,438.08. This represents a 7.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.