Ulta Beauty (NASDAQ:ULTA) Sets New 12-Month Low Following Insider Selling

Ulta Beauty Inc. (NASDAQ:ULTA) shares reached a new 52-week low during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $451.39 and last traded at $453.8770, with a volume of 475182 shares. The stock had previously closed at $463.68.

Specifically, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ULTA. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective for the company in a research report on Tuesday, May 5th. Wedbush assumed coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They set an “outperform” rating for the company. DA Davidson lowered their price target on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Loop Capital restated a “hold” rating and set a $550.00 price objective on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Finally, UBS Group decreased their target price on Ulta Beauty from $810.00 to $735.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $644.91.

Ulta Beauty Trading Down 2.2%

The business’s 50-day simple moving average is $513.47 and its two-hundred day simple moving average is $582.33. The company has a market capitalization of $19.49 billion, a PE ratio of 16.99, a PEG ratio of 1.47 and a beta of 0.86.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping the consensus estimate of $6.89 by $0.85. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the firm posted $6.70 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 28.76 EPS for the current year.

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in Ulta Beauty in the fourth quarter worth about $430,963,000. Bowen Hanes & Co. Inc. bought a new position in Ulta Beauty during the 3rd quarter worth approximately $6,012,000. Intech Investment Management LLC lifted its holdings in Ulta Beauty by 135.6% during the 3rd quarter. Intech Investment Management LLC now owns 6,506 shares of the specialty retailer’s stock worth $3,557,000 after buying an additional 3,744 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $8,009,000. Finally, Keystone Investors PTE Ltd. acquired a new position in shares of Ulta Beauty in the 3rd quarter worth approximately $6,605,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.