Ulta Beauty Inc. $ULTA Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,547 shares of the specialty retailer’s stock after selling 3,985 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Ulta Beauty were worth $19,691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Ulta Beauty by 0.4% during 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 in the last quarter. State Street Corp increased its position in shares of Ulta Beauty by 2.3% during the third quarter. State Street Corp now owns 1,975,260 shares of the specialty retailer’s stock worth $1,079,973,000 after purchasing an additional 44,182 shares in the last quarter. Sanders Capital LLC increased its position in shares of Ulta Beauty by 8.9% during the third quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after purchasing an additional 103,540 shares in the last quarter. Invesco Ltd. increased its position in shares of Ulta Beauty by 33.6% during the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock worth $459,479,000 after purchasing an additional 211,485 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Ulta Beauty by 7.5% during the third quarter. Franklin Resources Inc. now owns 626,093 shares of the specialty retailer’s stock worth $342,316,000 after purchasing an additional 43,458 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $504.05 on Friday. The business’s 50 day simple moving average is $531.50 and its 200-day simple moving average is $586.20. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.71 and a beta of 0.89. Ulta Beauty Inc. has a 12 month low of $402.76 and a 12 month high of $714.97.

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

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 2,383 shares of the company’s stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of research analyst reports. Barclays cut Ulta Beauty from an “overweight” rating to a “strong sell” rating in a research report on Monday, April 20th. Jefferies Financial Group raised Ulta Beauty from a “hold” rating to a “buy” rating and raised their price target for the stock from $635.00 to $700.00 in a report on Monday, April 20th. TD Cowen started coverage on Ulta Beauty in a report on Monday, April 20th. They set a “buy” rating on the stock. UBS Group reissued a “buy” rating and set a $810.00 price target on shares of Ulta Beauty in a report on Friday, March 13th. Finally, Telsey Advisory Group raised their price target on Ulta Beauty from $640.00 to $715.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $687.95.

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.