Callan Family Office LLC Purchases Shares of 2,630 Ulta Beauty Inc. $ULTA

Key Points

• Callan Family Office LLC purchased 2,630 Ulta Beauty shares during the second quarter, valued at approximately $1.19 million. Institutional investors collectively own 90.39% of the company.
• Ulta exceeded quarterly expectations, reporting EPS of $7.74 versus the $6.89 consensus and revenue of $3.16 billion, up 11.1% year over year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $638.09 target price, although several firms recently lowered their targets and margin pressure remains a risk. Director George R. Mrkonic Jr. also sold 383 shares.

Callan Family Office LLC purchased a new stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,630 shares of the specialty retailer's stock, valued at approximately $1,186,000.

A number of other hedge funds have also modified their holdings of ULTA. Vanguard Group Inc. boosted its stake in shares of Ulta Beauty by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,376,848 shares of the specialty retailer's stock valued at $3,253,047,000 after acquiring an additional 23,434 shares during the last quarter. BlackRock Inc. acquired a new position in Ulta Beauty in the 2nd quarter valued at about $1,815,712,000. State Street Corp lifted its holdings in Ulta Beauty by 2.5% in the 4th quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer's stock valued at $1,225,487,000 after purchasing an additional 50,305 shares in the last quarter. Diamant Asset Management Inc. lifted its holdings 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 purchasing an additional 1,471,222 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ulta Beauty by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer's stock worth $747,587,000 after purchasing an additional 21,947 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the sale, the director owned 2,404 shares of the company's stock, valued at approximately $1,143,919.36. This trade represents a 13.74% 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 0.20% of the company's stock.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $538.76 on Tuesday. The stock's 50 day moving average price is $491.33 and its 200 day moving average price is $537.86. The firm has a market capitalization of $23.16 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (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 the consensus estimate of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, analysts forecast that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ULTA shares. TD Cowen reissued a "buy" rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. Robert W. Baird lowered their price objective on Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating for the company in a research report on Wednesday, June 3rd. DA Davidson dropped their target price on Ulta Beauty from $650.00 to $585.00 and set a "buy" rating for the company in a research note on Wednesday, June 3rd. Loop Capital reiterated a "hold" rating and issued a $550.00 target price on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Finally, Morgan Stanley reduced their target price on Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $638.09.

Key Ulta Beauty News

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

• Positive Sentiment: UBS reiterated a Buy rating and maintained a $735 price target, citing durable growth prospects. Canaccord Genuity also reiterated its Buy rating and kept a $731 target, pointing to the company’s “Ulta Beauty Unleashed” strategy. These targets imply substantial potential upside from recent trading levels. UBS Ulta Beauty Buy Rating Article Canaccord Genuity Ulta Beauty Buy Rating Article
• Positive Sentiment: Analysts expect Ulta’s second-quarter revenue and earnings to grow, supported by resilient beauty demand, digital gains and the Space NK business. The company’s prior quarter also exceeded consensus estimates, with revenue up 11.1% year over year and EPS of $7.74 versus the $6.89 estimate. Ulta Beauty Q2 Earnings Preview
• Positive Sentiment: GuruFocus’s valuation analysis characterized ULTA as undervalued following its recent rally, potentially attracting investors who believe the shares still have room to recover toward historical highs. GuruFocus Ulta Beauty Valuation Article
• Positive Sentiment: Ulta filed plans for a new store in Huber Heights, Ohio, signaling ongoing physical expansion and potential future sales growth. Ulta Beauty Huber Heights Store Article
• Neutral Sentiment: Options-market activity suggests traders are positioning for a potentially significant move in ULTA, though the direction is uncertain and the activity may increase volatility rather than establish a clear bullish signal. Ulta Beauty Options Activity Article
• Negative Sentiment: Despite the upbeat earnings outlook, analysts note possible margin pressure, making profitability and guidance important risks when Ulta reports results.

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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