Ulta Beauty Inc. $ULTA Stock: Convergence Financial LLC Decreases Stake

Convergence Financial LLC decreased its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 51.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,903 shares of the specialty retailer’s stock after selling 3,099 shares during the period. Convergence Financial LLC’s holdings in Ulta Beauty were worth $1,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Generali Asset Management SPA SGR grew its holdings in shares of Ulta Beauty by 17.4% during the 3rd quarter. Generali Asset Management SPA SGR now owns 1,339 shares of the specialty retailer’s stock worth $731,000 after purchasing an additional 198 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Ulta Beauty by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 19,521 shares of the specialty retailer’s stock valued at $10,662,000 after purchasing an additional 441 shares in the last quarter. Latitude Advisors LLC acquired a new position in shares of Ulta Beauty in the third quarter valued at $75,000. V Square Quantitative Management LLC lifted its position in Ulta Beauty by 7.1% in the third quarter. V Square Quantitative Management LLC now owns 1,689 shares of the specialty retailer’s stock worth $922,000 after purchasing an additional 112 shares during the period. Finally, Draper Asset Management LLC lifted its position in Ulta Beauty by 15.6% in the third quarter. Draper Asset Management LLC now owns 12,234 shares of the specialty retailer’s stock worth $6,682,000 after purchasing an additional 1,655 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $619.24 on Thursday. The firm has a 50 day simple moving average of $559.93 and a 200 day simple moving average of $554.48. The firm has a market cap of $26.48 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.87 and a beta of 0.84. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its 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 company had revenue of $3.04 billion during 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 firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, sell-side analysts expect that Ulta Beauty Inc. will post 28.95 EPS for the current year.

Insider Buying and Selling

In other Ulta Beauty news, 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 transaction, the director directly owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. This trade represents a 7.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kecia Steelman sold 2,000 shares of Ulta Beauty stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the sale, the chief executive officer directly owned 40,489 shares of the company’s stock, valued at $22,102,135.32. This represents a 4.71% 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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ULTA. Barclays reduced their price objective on shares of Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating for the company in a report on Friday, August 28th. Cantor Fitzgerald started coverage on shares of Ulta Beauty in a research note on Tuesday, September 15th. They issued an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ulta Beauty from $692.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Bank of America lowered their price objective on Ulta Beauty from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 28th. Finally, FBN Securities assumed coverage on Ulta Beauty in a report on Tuesday, September 15th. They issued an “outperform” rating for the company. Twenty-four investment analysts have rated the stock with 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 $631.30.

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.