Ulta Beauty Inc. $ULTA Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP reduced its Ulta Beauty stake by 16% in the second quarter, selling 1,966 shares and retaining 10,330 shares valued at approximately $4.66 million. Institutional investors and hedge funds collectively own 90.39% of the company.
• Analysts maintain a generally positive outlook, with 24 Buy ratings and eight Holds, producing a “Moderate Buy” consensus and an average price target of $627.83.
• Ulta Beauty beat quarterly expectations, reporting $6.55 in EPS versus $6.22 expected and revenue of $3.04 billion versus $2.99 billion expected; sales rose 8.9% year over year.

Corient Private Wealth LP lessened its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 16.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,330 shares of the specialty retailer's stock after selling 1,966 shares during the quarter. Corient Private Wealth LP's holdings in Ulta Beauty were worth $4,659,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Ulta Beauty during the 4th quarter worth $430,963,000. Janney Montgomery Scott LLC increased its stake in Ulta Beauty by 97.3% in the first quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer's stock valued at $18,681,000 after purchasing an additional 17,625 shares during the period. Oxbow Advisors LLC acquired a new position in Ulta Beauty in the first quarter valued at $3,024,000. National Pension Service raised its holdings in shares of Ulta Beauty by 2,704.0% in the fourth quarter. National Pension Service now owns 79,465 shares of the specialty retailer's stock valued at $48,077,000 after buying an additional 76,631 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new stake in shares of Ulta Beauty in the second quarter valued at about $1,033,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ULTA. Evercore set a $635.00 target price on shares of Ulta Beauty in a research note on Wednesday, June 3rd. BMO Capital Markets assumed coverage on Ulta Beauty in a research report on Tuesday, September 8th. They issued a "market perform" rating and a $580.00 price target on the stock. Piper Sandler reduced their price objective on Ulta Beauty from $725.00 to $600.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. Barclays decreased their price objective on Ulta Beauty from $647.00 to $645.00 and set an "overweight" rating for the company in a research report on Friday, August 28th. Finally, B. Riley Financial lowered their target price on Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 3rd. Twenty-four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $627.83.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $540.98 on Friday. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The stock has a fifty day moving average price of $522.48 and a two-hundred day moving average price of $520.17. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.62 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly 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 business had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, analysts predict that Ulta Beauty Inc. will post 28.94 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Lorna Nagler sold 600 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.

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