Berkeley Inc Sells 2,638 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Berkeley Inc. sold shares: Berkeley trimmed its Ulta stake by 35.2%, selling 2,638 shares and leaving 4,864 shares valued at $2.94M, while Director George Mrkonic Jr. also sold 452 shares; corporate insiders now own just 0.17%.
• Earnings and guidance: Ulta slightly beat quarterly estimates (EPS $8.01 vs $7.93; revenue $3.90B vs $3.81B) and set FY2026 EPS guidance of $28.05–$28.55, with analysts holding a consensus "Moderate Buy" and an average price target of $674.23.
• Stock profile and ownership: The stock opened at $539.44 with a $23.6B market cap and a P/E of 21.05, a 52‑week range of $349.60–$714.97, and is heavily institutionally owned (90.39%) after several large funds materially increased positions.

Berkeley Inc trimmed its position in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,864 shares of the specialty retailer's stock after selling 2,638 shares during the period. Berkeley Inc's holdings in Ulta Beauty were worth $2,943,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ULTA. Holocene Advisors LP boosted its holdings in Ulta Beauty by 339.6% in the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer's stock valued at $207,732,000 after purchasing an additional 293,516 shares during the period. Andra AP fonden boosted its holdings in Ulta Beauty by 351,900.0% in the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer's stock valued at $125,096,000 after purchasing an additional 228,735 shares during the period. Invesco Ltd. boosted its holdings in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer's stock valued at $459,479,000 after purchasing an additional 211,485 shares during the period. Caisse de depot et placement du Quebec boosted its holdings in Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer's stock valued at $161,747,000 after purchasing an additional 211,266 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Ulta Beauty by 76.6% in the 2nd quarter. AQR Capital Management LLC now owns 477,504 shares of the specialty retailer's stock valued at $222,794,000 after purchasing an additional 207,084 shares during the period. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Up 0.1%

Ulta Beauty stock opened at $539.44 on Friday. The company has a market capitalization of $23.60 billion, a PE ratio of 21.05, a P/E/G ratio of 1.98 and a beta of 0.95. The firm has a fifty day simple moving average of $600.86 and a two-hundred day simple moving average of $587.42. Ulta Beauty Inc. has a twelve month low of $349.60 and a twelve month high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.08. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.81 billion. Ulta Beauty had a net margin of 9.31% and a return on equity of 43.56%. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $8.46 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. As a group, equities analysts expect that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen reduced their target price on Ulta Beauty from $775.00 to $750.00 and set a "buy" rating on the stock in a research note on Friday, March 13th. Barclays lifted their price target on Ulta Beauty from $680.00 to $712.00 and gave the stock an "overweight" rating in a research note on Monday, March 9th. Evercore set a $725.00 price objective on Ulta Beauty in a research report on Wednesday, March 11th. Morgan Stanley reduced their price objective on Ulta Beauty from $750.00 to $700.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. Finally, Bank of America increased their price objective on Ulta Beauty from $610.00 to $685.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $674.23.

Key Ulta Beauty News

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

• Positive Sentiment: Sold-out Ulta Beauty World in Orlando — The company’s consumer-facing live event drew ~3,000 attendees and is credited with generating “millions” in local economic impact, demonstrating strong brand engagement and a potential short-term revenue and marketing lift from experiential retail. Ulta Beauty World draws 3,000 attendees
• Positive Sentiment: Strategic push into live experiences — Multiple stories highlight Ulta’s emphasis on in-person events and brand activations as a growth lever to deepen customer loyalty and drive store/online traffic. This supports the company’s omnichannel strategy and could help sustain sales and AUR (average unit retail). Ulta bets big on beauty as live experience
• Positive Sentiment: Analyst upgrade / Buy rating — DA Davidson issued a Buy rating on ULTA, which can boost investor sentiment and attract incremental demand from growth-focused funds. Ulta Beauty NASDAQ: ULTA Earns Buy Rating from DA Davidson
• Positive Sentiment: Resilience thesis highlighted — Commentary from Barchart argues Ulta can be defensive in softer spending environments because consumers trade down to small indulgences, positioning ULTA as a resilient retailer. Why Ulta Beauty Stock Could Be an Unlikely Buy
• Neutral Sentiment: Promotions and sales activity — Coverage of Ulta’s Let’s Haul sale and other promotional content can drive short-term traffic but may compress margins if discounts become deeper. All the Drugstore Beauty I’d Buy at Ulta’s Let’s Haul Sale
• Negative Sentiment: Pre-event fire incident — A booth/convention-center fire was reported ahead of Ulta Beauty World; while there’s no major reported damage to the brand, any safety or reputational fallout could create short-term noise. Fire breaks out at convention center in Orlando

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the business's stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total value of $243,759.08. Following the completion of the sale, the director directly owned 2,383 shares of the company's stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.

About Ulta Beauty

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.

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