Ulta Beauty Inc. $ULTA Stock Holdings Cut by Convergence Financial LLC

Convergence Financial LLC reduced its stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 51.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,903 shares of the specialty retailer’s stock after selling 3,099 shares during the quarter. Convergence Financial LLC’s holdings in Ulta Beauty were worth $1,586,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ULTA. Generali Asset Management SPA SGR grew its holdings in shares of Ulta Beauty by 17.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 1,339 shares of the specialty retailer’s stock valued at $731,000 after buying an additional 198 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Ulta Beauty by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,521 shares of the specialty retailer’s stock valued at $10,662,000 after buying an additional 441 shares in the last quarter. Latitude Advisors LLC acquired a new stake in Ulta Beauty during the 3rd quarter worth $75,000. V Square Quantitative Management LLC raised its stake in Ulta Beauty by 7.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,689 shares of the specialty retailer’s stock worth $922,000 after buying an additional 112 shares during the period. Finally, Draper Asset Management LLC lifted its holdings in Ulta Beauty by 15.6% during the third quarter. Draper Asset Management LLC now owns 12,234 shares of the specialty retailer’s stock worth $6,682,000 after acquiring an additional 1,655 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Stock Down 1.2%

NASDAQ:ULTA opened at $619.24 on Thursday. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The firm has a market capitalization of $26.48 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.87 and a beta of 0.84. The stock’s 50 day moving average price is $559.93 and its two-hundred day moving average price is $554.48.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, analysts anticipate that Ulta Beauty Inc. will post 28.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Sanford C. Bernstein raised Ulta Beauty to an “outperform” rating in a research note on Tuesday, September 15th. Royal Bank Of Canada raised Ulta Beauty to an “outperform” rating in a research report on Tuesday, September 15th. FBN Securities started coverage on Ulta Beauty in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. Guggenheim began coverage on Ulta Beauty in a research report on Tuesday, September 15th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald started coverage on Ulta Beauty in a research report on Tuesday, September 15th. They issued an “overweight” rating for the company. Twenty-four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $631.30.

Insider Buying and Selling at Ulta Beauty

In other news, CEO Kecia Steelman sold 2,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $545.88, for a total value of $1,091,760.00. Following the transaction, the chief executive officer directly owned 40,489 shares of the company’s stock, valued at $22,102,135.32. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lorna Nagler sold 600 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $537.31, for a total transaction of $322,386.00. Following the sale, the director owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. This represents a 7.72% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is owned by insiders.

Ulta Beauty Profile

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.