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

Ulta Beauty Inc. (NASDAQ:ULTA) Director Lorna Nagler sold 600 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $537.31, for a total transaction of $322,386.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ulta Beauty Trading Up 0.3%

Shares of NASDAQ:ULTA traded up $1.87 during mid-day trading on Monday, reaching $548.65. The company had a trading volume of 400,562 shares, compared to its average volume of 695,944. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The company’s 50-day moving average price is $514.13 and its 200-day moving average price is $524.13. The firm has a market cap of $23.46 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.63 and a beta of 0.85.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets initiated coverage on Ulta Beauty in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $580.00 price objective on the stock. UBS Group set a $631.00 target price on shares of Ulta Beauty in a research report on Friday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research note on Monday, August 31st. Piper Sandler lowered their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Finally, DA Davidson restated a “buy” rating and set a $625.00 price target on shares of Ulta Beauty in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $624.57.

Institutional Trading of Ulta Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac purchased a new position in Ulta Beauty during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after buying an additional 43 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new position in shares of Ulta Beauty in the first quarter valued at approximately $29,000. Finally, Clearstead Trust LLC purchased a new position in Ulta Beauty during the second quarter valued at approximately $27,000. 90.39% of the stock is currently owned by 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.