1,094 Ulta Beauty Inc. $ULTA Shares Sold by Glenview Trust Co

Glenview Trust Co reduced its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 28.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,810 shares of the specialty retailer’s stock after selling 1,094 shares during the quarter. Glenview Trust Co’s holdings in Ulta Beauty were worth $1,535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. VestGen Advisors LLC lifted its position in Ulta Beauty by 1.8% during the 3rd quarter. VestGen Advisors LLC now owns 895 shares of the specialty retailer’s stock worth $489,000 after buying an additional 16 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Ulta Beauty by 12.1% in the first quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer’s stock valued at $87,000 after acquiring an additional 18 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of Ulta Beauty by 46.7% in the third quarter. Elevation Wealth Partners LLC now owns 66 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 21 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Ulta Beauty by 0.6% during the second quarter. Concurrent Investment Advisors LLC now owns 3,583 shares of the specialty retailer’s stock worth $1,616,000 after acquiring an additional 23 shares in the last quarter. Finally, Avity Investment Management Inc. raised its holdings in Ulta Beauty by 5.4% during the third quarter. Avity Investment Management Inc. now owns 507 shares of the specialty retailer’s stock worth $277,000 after acquiring an additional 26 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Transactions at Ulta Beauty

In related news, CEO Kecia Steelman sold 2,000 shares of the company’s 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 in the company, valued at approximately $22,102,135.32. This represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorna Nagler sold 600 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $537.31, for a total transaction of $322,386.00. Following the completion of the transaction, the director owned 7,168 shares in the company, valued at $3,851,438.08. This trade represents a 7.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ULTA shares. Royal Bank Of Canada upgraded Ulta Beauty to an “outperform” rating in a research note on Tuesday, September 15th. Citigroup cut Ulta Beauty from a “neutral” rating to a “market perform” rating in a research note on Tuesday, September 15th. Barclays cut their price objective on Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating for the company in a report on Friday, August 28th. Sanford C. Bernstein raised Ulta Beauty to an “outperform” rating in a report on Tuesday, September 15th. Finally, BMO Capital Markets started coverage on shares of Ulta Beauty in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $580.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $631.30.

Ulta Beauty Trading Down 1.2%

NASDAQ:ULTA opened at $640.43 on Friday. The stock has a 50 day simple moving average of $564.84 and a 200 day simple moving average of $554.29. The stock has a market cap of $27.38 billion, a P/E ratio of 23.34, a PEG ratio of 1.91 and a beta of 0.84. Ulta Beauty Inc. has a 1-year low of $443.60 and a 1-year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued 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 firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, sell-side analysts forecast that Ulta Beauty Inc. will post 28.94 EPS for the current year.

Ulta Beauty Company 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.