Sumitomo Mitsui Financial Group Inc. Sells 1,425 Shares of Ulta Beauty Inc. $ULTA

Sumitomo Mitsui Financial Group Inc. reduced its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 18,350 shares of the specialty retailer’s stock after selling 1,425 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Ulta Beauty were worth $10,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Ulta Beauty in the third quarter worth approximately $355,000. Choreo LLC raised its position in Ulta Beauty by 10.5% in the third quarter. Choreo LLC now owns 3,334 shares of the specialty retailer’s stock worth $1,823,000 after acquiring an additional 316 shares during the period. Interchange Capital Partners LLC purchased a new position in shares of Ulta Beauty during the 3rd quarter worth $352,000. Citizens Business Bank grew its position in shares of Ulta Beauty by 1.8% during the 3rd quarter. Citizens Business Bank now owns 7,138 shares of the specialty retailer’s stock valued at $3,903,000 after acquiring an additional 126 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Ulta Beauty by 135.6% during the 3rd quarter. Intech Investment Management LLC now owns 6,506 shares of the specialty retailer’s stock valued at $3,557,000 after acquiring an additional 3,744 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ULTA. DA Davidson raised their target price on Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Canaccord Genuity Group raised their price objective on Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Piper Sandler reaffirmed an “overweight” rating and set a $775.00 price objective on shares of Ulta Beauty in a research report on Tuesday, January 27th. Argus increased their target price on shares of Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, January 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $626.84.

Ulta Beauty Trading Up 1.7%

NASDAQ:ULTA opened at $695.63 on Friday. The stock has a 50-day moving average price of $657.31 and a 200 day moving average price of $577.29. The stock has a market capitalization of $30.86 billion, a P/E ratio of 26.67, a P/E/G ratio of 3.19 and a beta of 0.85. Ulta Beauty Inc. has a 12-month low of $309.01 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.53. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, research analysts predict that Ulta Beauty Inc. will post 23.96 earnings per share for the current fiscal year.

Key Headlines Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: JPMorgan raised its price target to $800 (from $647) while keeping an Overweight rating — a major bank’s higher target lends credibility to the recent rally and can attract funds. JPMorgan Raises Ulta Beauty (ULTA) Price Target to $800 from $647
• Positive Sentiment: Technicals show Ulta recently crossed above its 20-day moving average — a short-term bullish signal that often accompanies momentum-driven buying. Ulta Beauty (ULTA) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Long-term performance stories are being circulated (example: what a $1,000 investment 10 years ago would be worth), which can reinforce buy-and-hold narratives among retail investors. Here’s How Much a $1000 Investment in Ulta Beauty Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Ulta scheduled its fourth-quarter and fiscal 2025 results for March 12, 2026 — a near-term catalyst that could amplify volatility depending on same-store sales, margin trends and FY2026/25 guidance. Ulta Beauty to Report Fourth Quarter and Fiscal 2025 Results on March 12, 2026
• Neutral Sentiment: Zacks and other outlets note heightened investor attention on ULTA, which can mean increased short-term interest but doesn’t guarantee directional moves. Ulta Beauty Inc. (ULTA) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Valuation and momentum concerns: recent analyses flag a strong 90-day run and elevated returns over 1 year, which raises the risk of at least a short-term pullback if guidance or comp metrics disappoint. Assessing Ulta Beauty (ULTA) Valuation After A Strong 90 Day Share Price Run

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.