Ulta Beauty Inc. $ULTA is Zuckerman Investment Group LLC's 2nd Largest Position

Zuckerman Investment Group LLC reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 5.1% but the beauty retailer remains its second-largest holding, valued at $57.49 million. Despite beating Q4 earnings estimates with strong revenue growth, Ulta Beauty issued a cautious FY2026 outlook, projecting mid-single-digit sales growth and warning of margin pressures from increased advertising and SG&A expenses, which led to a stock sell-off and analyst target trims. Still, analysts largely maintain positive ratings, with an average price target of $671.27, and institutional ownership remains high at 90.39%.