Ulta Beauty Inc. $ULTA Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,697 shares of the specialty retailer’s stock after selling 1,236 shares during the quarter. Boston Trust Walden Corp’s holdings in Ulta Beauty were worth $4,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in Ulta Beauty by 512,509.0% in the third quarter. International Assets Investment Management LLC now owns 6,464,000 shares of the specialty retailer’s stock worth $3,530,443,000 after purchasing an additional 6,462,739 shares in the last quarter. BlackRock Inc. bought a new stake in Ulta Beauty during the 2nd quarter valued at $1,815,712,000. State Street Corp lifted its holdings in shares of Ulta Beauty by 1.1% in the 2nd quarter. State Street Corp now owns 2,024,623 shares of the specialty retailer’s stock worth $913,064,000 after buying an additional 22,036 shares during the period. Bank of America Corp DE lifted its holdings in shares of Ulta Beauty by 2.0% in the 1st quarter. Bank of America Corp DE now owns 598,104 shares of the specialty retailer’s stock worth $312,635,000 after buying an additional 11,591 shares during the period. Finally, Amundi lifted its holdings in shares of Ulta Beauty by 14.3% in the 2nd quarter. Amundi now owns 544,686 shares of the specialty retailer’s stock worth $245,642,000 after buying an additional 68,205 shares during the period. Institutional investors own 90.39% of the company’s stock.

Key Stories Impacting Ulta Beauty

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ULTA shares. Cantor Fitzgerald initiated coverage on Ulta Beauty in a research note on Tuesday, September 15th. They set an “overweight” rating on the stock. Guggenheim started coverage on shares of Ulta Beauty in a research note on Tuesday, September 15th. They issued a “buy” rating for the company. Weiss Ratings upgraded shares of Ulta Beauty from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. The Goldman Sachs Group increased their target price on shares of Ulta Beauty from $648.00 to $667.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, Barclays cut their target price on shares of Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating on the stock in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $635.87.

Ulta Beauty Trading Down 0.8%

ULTA opened at $644.76 on Friday. The firm has a market cap of $27.57 billion, a price-to-earnings ratio of 23.50, 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. The stock has a fifty day moving average price of $575.78 and a 200-day moving average price of $553.76.

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, beating analysts’ consensus estimates of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the company earned $5.78 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post 28.95 EPS 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 shares were sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the completion of the sale, the chief executive officer directly owned 40,489 shares of the company’s stock, valued at approximately $22,102,135.32. This 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 this hyperlink. Also, Director Lorna Nagler sold 600 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were 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. This represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.20% of the company’s stock.

Ulta Beauty Company 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.