KBC Group NV Reduces Stake in Ulta Beauty Inc. $ULTA

KBC Group NV lessened its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 10.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 31,079 shares of the specialty retailer’s stock after selling 3,641 shares during the period. KBC Group NV’s holdings in Ulta Beauty were worth $16,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fideuram Asset Management Ireland dac purchased a new position in shares of Ulta Beauty during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC increased its position in 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 purchasing an additional 43 shares in the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 42 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Ulta Beauty during the first quarter worth about $29,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total value 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 document filed with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Ulta Beauty Stock Up 0.3%

ULTA stock opened at $489.47 on Wednesday. The company has a market cap of $21.04 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.52 and a beta of 0.88. The business has a fifty day simple moving average of $477.53 and a 200-day simple moving average of $561.27. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter last year, the firm earned $6.70 earnings per share. The firm’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. As a group, analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the subject of several recent analyst reports. Weiss Ratings cut shares of Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating on shares of Ulta Beauty in a research report on Tuesday. Citigroup decreased their price target on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. The Goldman Sachs Group dropped their price objective on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and increased their price objective for the stock from $635.00 to $700.00 in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average price target of $638.09.

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.