Ulta Beauty (NASDAQ:ULTA) Director Lorna Nagler Sells 600 Shares of Stock

Ulta Beauty Inc. (NASDAQ:ULTA) Director Lorna Nagler sold 600 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the transaction, the director directly owned 7,168 shares of the company’s stock, valued at $3,851,438.08. This represents a 7.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ulta Beauty Trading Up 0.3%

NASDAQ:ULTA traded up $1.87 during mid-day trading on Monday, hitting $548.65. 400,562 shares of the company’s stock were exchanged, compared to its average volume of 695,944. The company has a 50 day simple moving average of $514.13 and a 200-day simple moving average of $524.13. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97. The firm has a market capitalization of $23.46 billion, a P/E ratio of 19.99, a PEG ratio of 1.63 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $0.33. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, analysts expect that Ulta Beauty Inc. will post 28.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ULTA shares. TD Cowen reiterated a “buy” rating on shares of Ulta Beauty in a research report on Tuesday, July 21st. UBS Group set a $631.00 price objective on Ulta Beauty in a research note on Friday, August 28th. Robert W. Baird reduced their target price on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research report on Monday, August 31st. Finally, BMO Capital Markets started coverage on shares of Ulta Beauty in a report on Tuesday, September 8th. They set a “market perform” rating and a $580.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and a consensus price target of $624.57.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in Ulta Beauty by 34.6% during the second quarter. Tidal Investments LLC now owns 17,553 shares of the specialty retailer’s stock worth $7,916,000 after purchasing an additional 4,513 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Ulta Beauty by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 14,868 shares of the specialty retailer’s stock worth $6,705,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Ulta Beauty by 4.0% in the second quarter. Arizona State Retirement System now owns 12,540 shares of the specialty retailer’s stock valued at $5,655,000 after acquiring an additional 485 shares in the last quarter. Empirical Finance LLC increased its position in shares of Ulta Beauty by 3.0% during the second quarter. Empirical Finance LLC now owns 1,798 shares of the specialty retailer’s stock valued at $811,000 after acquiring an additional 53 shares during the last quarter. Finally, Nykredit A S bought a new stake in Ulta Beauty during the second quarter worth $11,855,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.