Ulta Beauty (NASDAQ:ULTA) Director George Mrkonic, Jr. Sells 383 Shares

Ulta Beauty Inc. (NASDAQ:ULTA) Director George Mrkonic, Jr. sold 383 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the sale, the director directly owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ulta Beauty Price Performance

ULTA stock opened at $463.68 on Wednesday. The firm has a market capitalization of $19.93 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.47 and a beta of 0.86. The business’s 50-day moving average is $513.47 and its two-hundred day moving average is $582.33. Ulta Beauty Inc. has a 1 year low of $452.05 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating 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 return on equity of 44.77% and a net margin of 9.36%.Ulta Beauty’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts expect that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ULTA. TD Cowen reduced their price target on Ulta Beauty from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. The Goldman Sachs Group cut their target price on Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Citigroup cut their target price on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. DA Davidson cut 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. Finally, Guggenheim started coverage on Ulta Beauty in a research 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 assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $644.91.

Institutional Investors Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Diamant Asset Management Inc. raised its holdings in shares of Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after acquiring an additional 1,471,222 shares during the last quarter. Norges Bank acquired a new position in shares of Ulta Beauty in the fourth quarter worth $430,963,000. Holocene Advisors LP raised its holdings in shares of Ulta Beauty by 339.6% in the third quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after acquiring an additional 293,516 shares during the last quarter. Andra AP fonden raised its holdings in shares of Ulta Beauty by 351,900.0% in the third quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after acquiring an additional 228,735 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Ulta Beauty by 1,837.4% in the fourth quarter. Corient Private Wealth LLC now owns 230,998 shares of the specialty retailer’s stock worth $139,756,000 after acquiring an additional 219,075 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.