Carnegie Investment Counsel Sells 3,176 Shares of Ulta Beauty Inc. $ULTA

Carnegie Investment Counsel lowered its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,572 shares of the specialty retailer’s stock after selling 3,176 shares during the quarter. Carnegie Investment Counsel’s holdings in Ulta Beauty were worth $30,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac bought a new stake in Ulta Beauty during the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC grew its holdings in shares of Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 43 shares during the period. Strengthening Families & Communities LLC raised its position in shares of Ulta Beauty by 4,200.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Ulta Beauty in the 1st quarter worth approximately $29,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Ulta Beauty in the 4th quarter valued at approximately $30,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Loop Capital reiterated a “hold” rating and issued a $550.00 price objective on shares of Ulta Beauty in a report on Wednesday, June 3rd. Robert W. Baird lowered their price objective on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. DA Davidson dropped their target price on shares of Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Evercore set a $635.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the sale, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock traded up $8.96 on Friday, reaching $469.20. 425,933 shares of the company traded hands, compared to its average volume of 703,513. The firm has a fifty day simple moving average of $484.04 and a 200-day simple moving average of $567.92. The company has a market cap of $20.17 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the company posted $6.70 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, sell-side analysts forecast that Ulta Beauty Inc. will post 28.76 EPS 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.