Glenmede Investment Management LP Sells 6,020 Shares of Ulta Beauty Inc. $ULTA

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Glenmede Investment Management LP reduced its stake in Ulta Beauty Inc. (NASDAQ:ULTA) by 4.9% in the third quarter, selling 6,020 shares and retaining 115,964 shares worth $63.4 million. Several other institutional investors also adjusted their positions in the company, which currently has a “Moderate Buy” consensus rating and an average price target of $671.27 from analysts. Ulta Beauty recently reported strong Q4 earnings, beating analyst estimates, but its FY2026 guidance and rising costs have led to mixed sentiment and a recent stock decline of 14.2%.

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