Bowen Hanes & Co. Inc. Has $8.04 Million Stock Holdings in Ulta Beauty Inc. $ULTA

Bowen Hanes & Co. Inc. increased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,290 shares of the specialty retailer’s stock after purchasing an additional 2,295 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Ulta Beauty were worth $8,041,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter worth approximately $430,963,000. Intech Investment Management LLC boosted its position in shares of Ulta Beauty by 135.6% during the 3rd quarter. Intech Investment Management LLC now owns 6,506 shares of the specialty retailer’s stock worth $3,557,000 after acquiring an additional 3,744 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Ulta Beauty by 979.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 74,201 shares of the specialty retailer’s stock worth $40,569,000 after acquiring an additional 67,325 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Ulta Beauty during the 3rd quarter worth approximately $1,008,000. Finally, Candriam S.C.A. boosted its position in shares of Ulta Beauty by 24.7% during the 3rd quarter. Candriam S.C.A. now owns 30,849 shares of the specialty retailer’s stock worth $16,867,000 after acquiring an additional 6,118 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ULTA. William Blair restated a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays cut their target price on shares of Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a research report on Wednesday. Canaccord Genuity Group cut their target price on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wedbush began coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $651.27.

Key Stories Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Ulta posted a strong Q1 earnings beat, with revenue and EPS both topping estimates and comparable sales rising 5.3%, showing resilient demand for beauty products. Ulta’s (NASDAQ:ULTA) Q1 CY2026 Sales Top Estimates
• Positive Sentiment: The company lifted FY2026 EPS guidance and maintained a large share repurchase program, which supports earnings power and shareholder returns. Does Ulta’s Raised EPS Outlook And Supergirl Tie-In Change The Bull Case For Ulta Beauty (ULTA)?
• Positive Sentiment: New initiatives such as the Klarna partnership, Supergirl tie-in, expanded delivery, and international growth plans could help Ulta broaden traffic and sales channels. Klarna and Ulta Beauty Partner to Bring Flexible Payments to U.S. Beauty Shoppers
• Neutral Sentiment: Several analysts cut price targets after the report, but most kept bullish ratings, suggesting expectations were reset rather than outright turning negative. Analyst price target updates from JPMorgan, Canaccord, Barclays and Baird
• Negative Sentiment: Some commentary pointed to a “sell-the-news” reaction, with investors uneasy about modest guidance changes, higher spending, and inventory growth that could pressure margins later in the year. Ulta Beauty slides despite strong Q1 results as investors weigh modest guidance changes and cost/inventory signals
• Negative Sentiment: Morning notes from Morgan Stanley flagged concern that limited guidance flow-through from the earnings beat may leave less room for second-half upside. Ulta Beauty’s Limited Guidance Raises Concerns About H2 Earnings Capacity, Morgan Stanley Says

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $471.21 on Thursday. The firm has a market capitalization of $20.53 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.61 and a beta of 0.86. The company’s 50 day moving average price is $523.41 and its two-hundred day moving average price is $585.19. Ulta Beauty Inc. has a fifty-two week low of $452.00 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 43.71%. Ulta Beauty’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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 28.49 earnings per share for the current year.

Insider Activity 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 shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the transaction, the director owned 2,383 shares in the company, valued at approximately $1,285,128.07. The trade was a 15.94% 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. Company insiders own 0.17% of the company’s stock.

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.