Caisse de depot et placement du Quebec Buys Shares of 87,677 Ulta Beauty Inc. $ULTA

Caisse de depot et placement du Quebec bought a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 87,677 shares of the specialty retailer's stock, valued at approximately $39,541,000. Caisse de depot et placement du Quebec owned 0.20% of Ulta Beauty at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Ulta Beauty during the second quarter valued at approximately $1,815,712,000. Diamant Asset Management Inc. increased its stake in Ulta Beauty by 52,171.0% in the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer's stock valued at $77,050,000 after buying an additional 1,471,222 shares during the period. Norges Bank purchased a new stake in Ulta Beauty in the 4th quarter worth approximately $430,963,000. Legal & General Group Plc purchased a new stake in Ulta Beauty in the 2nd quarter worth approximately $161,600,000. Finally, Deutsche Bank AG acquired a new stake in shares of Ulta Beauty during the 2nd quarter valued at $124,784,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the sale, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Key Headlines Impacting Ulta Beauty

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

• Positive Sentiment: Ulta reported quarterly EPS of $6.55, up 13.3% year over year and ahead of estimates near $6.20-$6.21. Revenue increased 8.9% to approximately $3.0 billion-$3.04 billion, also exceeding expectations. Ulta Beauty raises annual forecast after quarterly profit beats estimates
• Positive Sentiment: Management raised fiscal 2026 guidance to $28.70-$29.00 in EPS, from $28.36-$28.80 previously, and projected revenue of $13.2-$13.3 billion. The new outlook is above consensus expectations and signals confidence in continued sales and profit growth. Ulta Beauty Raises Forecast as Sales Grow
• Positive Sentiment: Profitability and cash generation improved: operating profit rose 10.1% to $379.6 million, while operating cash flow increased 24% to $119.7 million. International expansion and new initiatives were also cited as growth drivers. Ulta Beauty Beats Wall Street Expectations, Raises Full-year Forecasts
• Neutral Sentiment: Ulta expanded its product assortment and appointed retail executive Brieane L. Olson as an independent director, developments that may support merchandising and governance over the longer term.
• Negative Sentiment: Target is developing its own upscale beauty concept after ending its Ulta partnership, potentially increasing competition for prestige beauty shoppers. Recent insider activity also included sales rather than purchases, though these signals are less significant than the earnings beat and raised guidance. Target Launches Beauty Space

Ulta Beauty Stock Down 0.6%

NASDAQ ULTA opened at $540.10 on Friday. The stock has a market capitalization of $23.22 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.87. The company has a 50 day moving average price of $496.33 and a two-hundred day moving average price of $534.86. Ulta Beauty Inc. has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, topping the consensus estimate of $6.20 by $0.35. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $5.78 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts anticipate that Ulta Beauty Inc. will post 28.77 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Ulta Beauty from $712.00 to $647.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. TD Cowen reiterated a "buy" rating on shares of Ulta Beauty in a report on Tuesday, July 21st. DA Davidson reduced their price objective on Ulta Beauty from $650.00 to $585.00 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. Piper Sandler lowered their target price on Ulta Beauty from $725.00 to $600.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. Finally, Robert W. Baird dropped their target price on Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 3rd. One 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. According to MarketBeat, Ulta Beauty has a consensus rating of "Moderate Buy" and an average target price of $636.41.

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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