VIRGINIA RETIREMENT SYSTEMS ET Al Sells 3,840 Shares of Ulta Beauty Inc. $ULTA

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its Ulta Beauty stake by 4.6% in the fourth quarter, selling 3,840 shares and leaving it with 80,160 shares worth about $48.5 million.
• Ulta Beauty also saw insider selling, with Director George R. Mrkonic, Jr. selling 452 shares on April 7 at an average price of $539.29, a transaction valued at about $243,759.
• The company recently beat quarterly expectations, reporting $8.01 EPS on $3.90 billion in revenue, while analysts maintain a Moderate Buy consensus with an average price target of $674.23.

VIRGINIA RETIREMENT SYSTEMS ET Al cut its position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,160 shares of the specialty retailer's stock after selling 3,840 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.18% of Ulta Beauty worth $48,498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ULTA. Strengthening Families & Communities LLC boosted its position in shares of Ulta Beauty by 4,200.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 42 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Ulta Beauty during the 3rd quarter valued at approximately $31,000. Abich Financial Wealth Management LLC bought a new position in Ulta Beauty during the 3rd quarter valued at approximately $31,000. BOKF NA bought a new position in Ulta Beauty during the 3rd quarter valued at approximately $31,000. Finally, Steigerwald Gordon & Koch Inc. increased its position in Ulta Beauty by 2,550.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer's stock valued at $32,000 after buying an additional 51 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the completion of the sale, the director owned 2,383 shares of the company's stock, valued at $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.39% of the stock is owned by insiders.

Ulta Beauty Trading Down 1.3%

Ulta Beauty stock opened at $505.20 on Wednesday. The firm has a market cap of $22.01 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.78 and a beta of 0.89. The stock has a fifty day simple moving average of $554.57 and a two-hundred day simple moving average of $587.44. Ulta Beauty Inc. has a 12 month low of $402.50 and a 12 month high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, March 12th. The specialty retailer reported $8.01 EPS for the quarter, topping analysts' consensus estimates of $7.93 by $0.08. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.81 billion. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $8.46 EPS. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. On average, equities research analysts forecast that Ulta Beauty Inc. will post 28.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ULTA shares. Morgan Stanley reduced their price objective on Ulta Beauty from $750.00 to $700.00 and set an "overweight" rating for the company in a research report on Friday, March 13th. UBS Group reaffirmed a "buy" rating and set a $810.00 price objective on shares of Ulta Beauty in a research report on Friday, March 13th. Evercore set a $725.00 price objective on Ulta Beauty in a research report on Wednesday, March 11th. Piper Sandler reaffirmed an "overweight" rating and set a $725.00 price objective (down from $775.00) on shares of Ulta Beauty in a research report on Friday, March 13th. Finally, DA Davidson reaffirmed a "buy" rating and set a $650.00 price objective on shares of Ulta Beauty in a research report on Tuesday, April 14th. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $674.23.

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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