19,827 Shares in Ulta Beauty Inc. $ULTA Acquired by Permanens Capital L.P.

Key Points

• Permanens Capital acquired 19,827 Ulta Beauty shares worth approximately $8.94 million in the second quarter, making Ulta 0.9% of its portfolio. Institutional investors collectively own 90.39% of the company.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus and an average price target of $636.41. Expectations include strong comparable-sales growth and another solid earnings report, following Ulta’s latest EPS and revenue beat.
• Ulta faces increasing competition from Target’s planned expansion into prestige beauty, while a new partnership with Chinese brand Proya could support product assortment and growth.

Permanens Capital L.P. acquired a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,827 shares of the specialty retailer's stock, valued at approximately $8,942,000. Ulta Beauty accounts for approximately 0.9% of Permanens Capital L.P.'s portfolio, making the stock its 24th largest position.

A number of other hedge funds also recently modified their holdings of the stock. Focus Partners Wealth increased its stake in Ulta Beauty by 231.6% in the first 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 increased its stake in shares of Ulta Beauty by 48.9% in the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $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 $466,000. Jump Financial LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $1,196,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Ulta Beauty by 0.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer's stock worth $3,497,000 after buying an additional 70 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Key Stories Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Potential same-store sales beat: Deutsche Bank expects Ulta’s fiscal second-quarter comparable-sales growth to exceed market expectations. Strong traffic, demand for beauty products and resilient consumer spending could support revenue and earnings. Ulta Beauty Second-Quarter Same-Store Sales Poised for Beat
• Positive Sentiment: Wall Street remains broadly optimistic: Analysts continue to show a favorable outlook for ULTA despite its weaker performance versus the broader market over the past year. The upbeat target-price commentary may help support investor confidence ahead of results. What Are Wall Street Analysts' Target Price for Ulta Beauty Stock?
• Positive Sentiment: New brand partnership: Ulta is expanding its assortment through a nationwide U.S. agreement with Chinese beauty brand Proya, potentially adding product innovation and international growth to its sales mix. Proya Steps Up Overseas Expansion Through Agreement With Ulta Beauty
• Neutral Sentiment: Earnings are the next major catalyst: Analysts are focused on comparable sales, margins, customer trends and updated guidance in Thursday’s fiscal second-quarter report. Ulta’s latest reported quarter already exceeded consensus EPS and revenue estimates, raising expectations for another solid performance. Ulta Beauty Q2 2026 Earnings Preview
• Negative Sentiment: Target is becoming a more direct competitor: Following its separation from Ulta, Target plans to introduce upscale beauty studios in stores and expand its selection to more than 90 prestige brands across over 600 locations. This could increase pressure on Ulta’s traffic, market share and brand exclusivity over time. Target Unveils New Beauty Spaces

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the sale, the director owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ULTA. Argus set a $550.00 target price on Ulta Beauty in a research report on Thursday, June 18th. Morgan Stanley dropped their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. B. Riley Financial reduced their price objective on Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 3rd. UBS Group reiterated a "buy" rating on shares of Ulta Beauty in a research report on Monday. Finally, Piper Sandler decreased their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an "overweight" rating for the company in a research 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 given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $636.41.

Ulta Beauty Stock Up 1.1%

Shares of NASDAQ ULTA opened at $543.19 on Thursday. The company has a market capitalization of $23.35 billion, a PE ratio of 20.37, a P/E/G ratio of 1.67 and a beta of 0.87. Ulta Beauty Inc. has a twelve month low of $443.60 and a twelve month high of $714.97. The firm has a fifty day simple moving average of $494.65 and a 200 day simple moving average of $535.92.

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

Ulta Beauty Company 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.

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