Ulta Beauty Inc. $ULTA Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. lessened its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA) by 62.8% during the 1st quarter, HoldingsChannel reports. The firm owned 4,946 shares of the specialty retailer’s stock after selling 8,366 shares during the period. Patton Fund Management Inc.’s holdings in Ulta Beauty were worth $2,585,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Focus Partners Wealth raised its holdings in Ulta Beauty by 231.6% in the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after acquiring an additional 2,615 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Ulta Beauty by 48.9% during the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after purchasing an additional 1,574 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $466,000. Jump Financial LLC purchased a new stake in shares of Ulta Beauty in the second quarter valued at approximately $1,196,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Ulta Beauty by 0.9% in the second quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer’s stock valued at $3,497,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction on Monday, June 15th. The stock was 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 in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by insiders.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $488.45 on Monday. The company’s 50 day simple moving average is $503.08 and its 200-day simple moving average is $577.40. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.86. Ulta Beauty Inc. has a 1 year low of $448.57 and a 1 year high of $714.97.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on ULTA shares. Wedbush initiated coverage on Ulta Beauty in a report on Monday, April 20th. They issued an “outperform” rating for the company. Morgan Stanley reduced their price target on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Loop Capital reissued a “hold” rating and set a $550.00 price target on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Oppenheimer lowered their price target on shares of Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. Finally, Piper Sandler dropped their price objective on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $638.09.

Ulta Beauty 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.