Boothe Investment Group Inc. Sells 7,370 Shares of Ulta Beauty Inc. $ULTA

Boothe Investment Group Inc. cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 35.4% in the first quarter, HoldingsChannel reports. The firm owned 13,467 shares of the specialty retailer’s stock after selling 7,370 shares during the quarter. Ulta Beauty accounts for 2.3% of Boothe Investment Group Inc.’s portfolio, making the stock its 16th largest position. Boothe Investment Group Inc.’s holdings in Ulta Beauty were worth $7,039,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Diamant Asset Management Inc. raised its stake in Ulta Beauty by 52,171.0% during the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank purchased a new position in shares of Ulta Beauty in the 4th quarter worth $430,963,000. Corient Private Wealth LLC grew its stake in shares of Ulta Beauty by 1,837.4% in the 4th quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after buying an additional 219,075 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after buying an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its position in shares of Ulta Beauty by 249.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock valued at $161,747,000 after buying an additional 211,266 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a report on Wednesday, June 3rd. B. Riley Financial decreased their price objective on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Piper Sandler lowered their price objective on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. dropped their target price on Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Wedbush assumed coverage on Ulta Beauty in a research report on Monday, April 20th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

Insider Buying and Selling at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the sale, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Ulta Beauty Price Performance

ULTA stock opened at $516.73 on Friday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The firm’s 50-day moving average is $477.54 and its 200 day moving average is $553.93. The company has a market capitalization of $22.21 billion, a PE ratio of 19.37, a P/E/G ratio of 1.58 and a beta of 0.88.

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. The company 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 firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 28.77 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.