Illinois Municipal Retirement Fund Sells 3,793 Shares of Ulta Beauty Inc. $ULTA

Illinois Municipal Retirement Fund reduced its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 10.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 33,481 shares of the specialty retailer’s stock after selling 3,793 shares during the period. Illinois Municipal Retirement Fund’s holdings in Ulta Beauty were worth $17,501,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Focus Partners Wealth increased its stake in shares of Ulta Beauty by 231.6% in the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after buying an additional 2,615 shares during the period. Intech Investment Management LLC boosted its position in Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after buying an additional 1,574 shares during the period. Sivia Capital Partners LLC acquired a new stake in Ulta Beauty during the 2nd quarter worth approximately $466,000. Jump Financial LLC bought a new stake in Ulta Beauty during the 2nd quarter worth approximately $1,196,000. Finally, Daiwa Securities Group Inc. grew its holdings in Ulta Beauty by 0.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer’s stock worth $3,497,000 after acquiring an additional 70 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the sale, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ULTA shares. Wells Fargo & Company dropped their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Wedbush assumed coverage on Ulta Beauty in a report on Monday, April 20th. They issued an “outperform” rating for the company. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Finally, Barclays cut their target price on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. One equities research 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. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA opened at $466.14 on Thursday. The company has a market capitalization of $20.04 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. Ulta Beauty Inc. has a 52-week low of $443.60 and a 52-week high of $714.97. The company’s 50 day moving average price is $480.11 and its 200-day moving average price is $564.70.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping 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 company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the company posted $6.70 earnings per share. Ulta Beauty’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. Analysts forecast that Ulta Beauty Inc. will post 28.76 earnings per share for the current year.

Ulta Beauty Company 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.