Castleark Management LLC Purchases Shares of 49,941 Ulta Beauty Inc. $ULTA

Castleark Management LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 49,941 shares of the specialty retailer’s stock, valued at approximately $30,215,000. Ulta Beauty makes up about 0.9% of Castleark Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Ulta Beauty during the fourth quarter valued at about $430,963,000. Bowen Hanes & Co. Inc. bought a new stake in Ulta Beauty during the 3rd quarter valued at approximately $6,012,000. Intech Investment Management LLC boosted its position in shares of Ulta Beauty by 135.6% in the 3rd quarter. Intech Investment Management LLC now owns 6,506 shares of the specialty retailer’s stock worth $3,557,000 after purchasing an additional 3,744 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $1,008,000. Finally, Oliver Luxxe Assets LLC purchased a new position in Ulta Beauty in the 4th quarter worth approximately $8,009,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the business’s stock in a transaction dated 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 sale, the director owned 2,383 shares of the company’s stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on ULTA shares. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Oppenheimer cut their price objective on shares of Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Robert W. Baird lowered their target price on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research note on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. Finally, Canaccord Genuity Group reduced their target price on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $644.91.

Ulta Beauty Stock Down 1.8%

ULTA stock opened at $467.74 on Friday. The stock has a market capitalization of $20.11 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.49 and a beta of 0.86. The firm has a 50-day simple moving average of $516.26 and a 200-day simple moving average of $582.70. Ulta Beauty Inc. has a 52 week low of $452.05 and a 52 week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts expect that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

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.