Royal Bank of Canada Sells 5,316 Shares of Ulta Beauty Inc. $ULTA

Royal Bank of Canada decreased its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 3.8% in the first quarter, HoldingsChannel reports. The fund owned 136,174 shares of the specialty retailer’s stock after selling 5,316 shares during the quarter. Royal Bank of Canada’s holdings in Ulta Beauty were worth $71,180,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 23,434 shares during the last quarter. State Street Corp lifted its holdings in shares of Ulta Beauty by 2.5% during the 4th quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer’s stock valued at $1,225,487,000 after purchasing an additional 50,305 shares during the last quarter. Diamant Asset Management Inc. lifted its holdings in shares of Ulta Beauty by 52,171.0% during the 1st 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Ulta Beauty by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer’s stock worth $747,587,000 after purchasing an additional 21,947 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Ulta Beauty by 0.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 974,223 shares of the specialty retailer’s stock worth $589,415,000 after purchasing an additional 2,463 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty 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 owned 2,404 shares of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Ulta Beauty Price Performance

Shares of ULTA stock opened at $512.83 on Friday. The business has a fifty day moving average of $477.49 and a 200 day moving average of $553.64. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.60 and a beta of 0.88.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The company’s quarterly 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 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities research analysts expect that Ulta Beauty Inc. will post 28.77 earnings per share for the current year.

Analyst Ratings Changes

ULTA has been the topic of several recent analyst reports. DA Davidson reduced their target price on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Weiss Ratings downgraded Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. TD Cowen restated a “buy” rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Canaccord Genuity Group dropped their price target on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, Guggenheim began coverage on shares of Ulta Beauty in a report on Monday, April 20th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $638.09.

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.