Keybank National Association OH Trims Stake in Ulta Beauty Inc. $ULTA

Keybank National Association OH cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 21.8% during the 1st quarter, Holdings Channel reports. The fund owned 108,285 shares of the specialty retailer’s stock after selling 30,123 shares during the period. Keybank National Association OH’s holdings in Ulta Beauty were worth $56,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Ulta Beauty in the fourth quarter worth about $430,963,000. Oliver Luxxe Assets LLC purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $8,009,000. SG Americas Securities LLC increased its holdings in Ulta Beauty by 222.7% in the 4th quarter. SG Americas Securities LLC now owns 23,163 shares of the specialty retailer’s stock worth $14,014,000 after acquiring an additional 15,985 shares in the last quarter. Atria Investments Inc raised its stake in Ulta Beauty by 42.7% during the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer’s stock worth $4,233,000 after acquiring an additional 2,093 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Ulta Beauty by 27.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer’s stock worth $164,364,000 after acquiring an additional 58,719 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty News Roundup

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

• Positive Sentiment: Ulta is using its summer promotion calendar to drive traffic, with discounts of up to 40% on brands like Clinique and Olaplex, which could support near-term sales. Ulta’s big summer beauty sale: Shop up to 40% off deals on Clinique, Olaplex and more
• Positive Sentiment: One article highlighted that Ulta’s fundamentals still look decent even after the stock hit a new 52-week low, suggesting some investors may see the shares as approaching a value/buy zone. Ulta Beauty Stock Hits a New 52-Week Low: If It’s Not in the Buy Zone, It’s Awfully Close
• Neutral Sentiment: Ulta opened a new store at Darinor Plaza in Norwalk, showing continued brick-and-mortar expansion, but the move appears incremental rather than a major catalyst. Ulta Beauty opens store at Darinor Plaza in Norwalk
• Neutral Sentiment: Several articles focused on why ULTA has fallen since its last earnings report, but they mainly point to post-earnings estimate revisions and broader investor caution rather than a new operational issue. Why Is Ulta (ULTA) Down 3.5% Since Last Earnings Report?
• Negative Sentiment: Target and Ulta Beauty are ending their store partnership in August, and Target plans to replace Ulta shop-in-shops with a new in-store beauty concept, which removes a distribution channel for Ulta and may pressure sales expectations. Target and Ulta Beauty to end store partnership this August

Insiders Place Their Bets

In related news, Director George R. Mrkonic, Jr. sold 452 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the transaction, the director directly owned 2,383 shares of the company’s stock, valued at approximately $1,285,128.07. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group dropped their price target on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Telsey Advisory Group raised their price objective on shares of Ulta Beauty from $640.00 to $715.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Bank of America upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price on the stock in a research note on Tuesday, May 5th. DA Davidson dropped their target price on shares of Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $638.09.

Ulta Beauty Price Performance

ULTA stock opened at $461.33 on Friday. Ulta Beauty Inc. has a 1-year low of $443.60 and a 1-year high of $714.97. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.42 and a beta of 0.88. The business has a 50 day simple moving average of $494.90 and a two-hundred day simple moving average of $573.37.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. 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 business 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. Sell-side analysts anticipate that Ulta Beauty Inc. will post 28.76 EPS for the current fiscal year.

Ulta Beauty Profile

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.