North Dakota State Investment Board purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,077 shares of the specialty retailer’s stock, valued at approximately $1,257,000.
A number of other large investors have also recently made changes to their positions in ULTA. Strengthening Families & Communities LLC grew its stake in shares of Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ulta Beauty in the third quarter worth approximately $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Ulta Beauty in the third quarter worth approximately $31,000. BOKF NA bought a new stake in shares of Ulta Beauty in the third quarter worth approximately $31,000. Finally, Steigerwald Gordon & Koch Inc. grew its stake in shares of Ulta Beauty by 2,550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 51 shares during the period. 90.39% of the stock is currently owned by institutional investors.
Insider Activity at Ulta Beauty
In other news, Director George R. Mrkonic, Jr. sold 452 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total value of $243,759.08. Following the transaction, the director owned 2,383 shares of the company’s stock, valued at approximately $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.
Ulta Beauty Price Performance
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share for the quarter, beating the consensus estimate of $7.93 by $0.08. Ulta Beauty had a net margin of 9.31% and a return on equity of 43.56%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the firm earned $8.46 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. On average, sell-side analysts anticipate that Ulta Beauty Inc. will post 28.47 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. William Blair restated a “market perform” rating on shares of Ulta Beauty in a research report on Monday, March 9th. Piper Sandler restated an “overweight” rating and set a $725.00 target price (down from $775.00) on shares of Ulta Beauty in a research report on Friday, March 13th. Jefferies Financial Group upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and boosted their target price for the company from $635.00 to $700.00 in a research report on Monday, April 20th. JPMorgan Chase & Co. cut their target price on shares of Ulta Beauty from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, DA Davidson restated a “buy” rating and set a $650.00 target price on shares of Ulta Beauty in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $687.95.
Check Out Our Latest Analysis on Ulta Beauty
About Ulta Beauty
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.
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