HighTower Advisors LLC Has $26.62 Million Holdings in Ulta Beauty Inc. $ULTA

Key Points

• HighTower Advisors reduced its Ulta Beauty stake by 3.5% in the second quarter, selling 2,155 shares and retaining 59,023 shares valued at approximately $26.62 million. Institutional investors collectively own 90.39% of Ulta’s stock.
• Analysts maintain a generally positive view, with Ulta receiving a “Moderate Buy” consensus rating and an average price target of $624.57. Recent targets include $625 from DA Davidson and $631 from UBS and JPMorgan.
• Ulta exceeded quarterly expectations, reporting $6.55 in EPS and $3.04 billion in revenue, while revenue increased 8.9% year over year. The company issued fiscal 2026 EPS guidance of $28.70–$29.00.

HighTower Advisors LLC trimmed its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,023 shares of the specialty retailer's stock after selling 2,155 shares during the period. HighTower Advisors LLC owned approximately 0.14% of Ulta Beauty worth $26,618,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ULTA. Focus Partners Wealth increased its stake in Ulta Beauty by 231.6% in the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer's stock valued at $1,372,000 after purchasing an additional 2,615 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer's stock worth $1,758,000 after purchasing an additional 1,574 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $466,000. Jump Financial LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $1,196,000. Finally, Daiwa Securities Group Inc. increased its position in Ulta Beauty by 0.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer's stock valued at $3,497,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director directly owned 2,404 shares of the company's stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ULTA. DA Davidson increased their price target on Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a report on Friday, August 28th. TD Cowen restated a "buy" rating on shares of Ulta Beauty in a report on Tuesday, July 21st. JPMorgan Chase & Co. lowered their target price on Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. BMO Capital Markets assumed coverage on Ulta Beauty in a report on Tuesday. They issued a "market perform" rating and a $580.00 target price on the stock. Finally, UBS Group set a $631.00 price target on shares of Ulta Beauty in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $624.57.

Ulta Beauty Stock Performance

Shares of ULTA opened at $549.23 on Wednesday. The firm has a market capitalization of $23.49 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.69 and a beta of 0.85. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97. The stock has a 50 day moving average price of $509.19 and a two-hundred day moving average price of $527.10.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results 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. The company had revenue of $3.04 billion for 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 company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $5.78 earnings per share. 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 28.93 earnings per share for the current year.

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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