Chase Investment Counsel Corp Cuts Stock Position in Ulta Beauty Inc. $ULTA

Chase Investment Counsel Corp cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the specialty retailer’s stock after selling 2,000 shares during the quarter. Chase Investment Counsel Corp’s holdings in Ulta Beauty were worth $1,210,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Ulta Beauty by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,376,848 shares of the specialty retailer’s stock worth $3,253,047,000 after buying an additional 23,434 shares during the last quarter. State Street Corp lifted its position in Ulta Beauty by 2.3% in the third quarter. State Street Corp now owns 1,975,260 shares of the specialty retailer’s stock worth $1,079,973,000 after buying an additional 44,182 shares during the last quarter. Sanders Capital LLC lifted its position in Ulta Beauty by 8.9% in the third quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after buying an additional 103,540 shares during the last quarter. Invesco Ltd. lifted its position in Ulta Beauty by 33.6% in the third 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, Franklin Resources Inc. lifted its position in Ulta Beauty by 7.5% in the third quarter. Franklin Resources Inc. now owns 626,093 shares of the specialty retailer’s stock worth $342,316,000 after buying an additional 43,458 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $494.28 on Monday. Ulta Beauty Inc. has a twelve month low of $402.50 and a twelve month high of $714.97. The company has a market cap of $21.53 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89. The stock has a fifty day simple moving average of $544.12 and a 200-day simple moving average of $586.87.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share for the quarter, topping the consensus estimate of $7.93 by $0.08. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the company earned $8.46 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. As a group, equities research analysts predict that Ulta Beauty Inc. will post 28.47 EPS for the current fiscal year.

Analysts Set New Price Targets

ULTA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Ulta Beauty from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Oppenheimer lowered their price target on Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Zacks Research downgraded Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. William Blair restated a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. Finally, Wedbush initiated coverage on Ulta Beauty in a research report on Monday, April 20th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $687.95.

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the sale, the director directly owned 2,383 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

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.