Corient Private Wealth LP Purchases Shares of 11,185 Ulta Beauty Inc. $ULTA

Key Points

• Corient Private Wealth acquired 11,185 Ulta Beauty shares worth approximately $5.04 million during the second quarter. Institutional investors collectively own 90.39% of the company.
• Ulta reported stronger-than-expected quarterly results, with revenue of $3.04 billion, up 8.9% year over year, and EPS of $6.55 versus the $6.22 consensus estimate. Management also raised its fiscal 2026 outlook and increased planned share repurchases to $1.8 billion.
• Ulta shares opened at $537.10, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $626.59. Director George R. Mrkonic Jr. separately sold 383 shares, reducing his holdings by 13.74%.

Corient Private Wealth LP 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,185 shares of the specialty retailer's stock, valued at approximately $5,044,000.

Other institutional investors have also modified their holdings of the company. Punch & Associates Investment Management Inc. acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at $8,895,000. Parallax Volatility Advisers L.P. acquired a new stake in Ulta Beauty during the 2nd quarter worth $213,000. Permanens Capital L.P. purchased a new stake in Ulta Beauty in the second quarter valued at $8,942,000. Ausdal Financial Partners Inc. purchased a new stake in Ulta Beauty in the second quarter valued at $381,000. Finally, Bank of America Corp DE acquired a new position in Ulta Beauty in the second quarter valued at $260,192,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $537.10 on Tuesday. The company has a 50-day simple moving average of $499.00 and a 200-day simple moving average of $532.60. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.57 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.22 by $0.33. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.The business's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, research analysts forecast that Ulta Beauty Inc. will post 28.9 EPS for the current fiscal year.

Ulta Beauty News Roundup

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

• Positive Sentiment: Ulta reported approximately $3.04 billion in quarterly sales, up 8.9% year over year, while comparable sales rose 3.8%. Diluted EPS increased 13.3% to $6.55, exceeding the $6.22 analyst consensus, and operating income grew 10.1%. Ulta Beauty Rises on Strong Quarterly Results and Higher Full-Year Outlook
• Positive Sentiment: Management raised its fiscal 2026 outlook for sales growth, comparable sales, operating income and EPS, reinforcing investor confidence in demand and profitability. The company’s existing EPS guidance was $28.70-$29.00, broadly consistent with the $28.90 analyst expectation. Ulta Beauty Q2 2026 Earnings Call Transcript
• Positive Sentiment: Ulta increased its planned fiscal 2026 share repurchases to $1.8 billion from $1.5 billion and expects to use the remaining authorization by year-end. Buybacks could support EPS and signal confidence in future cash generation. Ulta Beauty Rises on Strong Quarterly Results and Higher Full-Year Outlook
• Positive Sentiment: The earnings call highlighted momentum from TikTok Shop, adding a potentially important digital sales channel and source of future customer engagement. Ulta Beauty Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst targets remain mixed but generally above the current trading level, with recent targets ranging from $450 to $700 and a six-month median of $635. Bank of America lowered its target to $650, while DA Davidson raised its target to $625. Bank of America Lowers Ulta Beauty Price Target
• Negative Sentiment: Target’s move to develop a new in-store beauty concept after ending its Ulta partnership could increase competitive pressure, although the near-term effect on Ulta’s results is uncertain. Target Launches a New Inside Beauty Store

Analyst Ratings Changes

ULTA has been the topic of a number of research analyst reports. Loop Capital reiterated a "hold" rating and set a $550.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. William Blair reissued a "market perform" rating on shares of Ulta Beauty in a research report on Friday, August 21st. JPMorgan Chase & Co. dropped their price target on Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 3rd. Argus set a $550.00 price target on Ulta Beauty in a research report on Thursday, June 18th. Finally, Piper Sandler reduced their price objective on Ulta Beauty from $725.00 to $600.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, Ulta Beauty has a consensus rating of "Moderate Buy" and a consensus target price of $626.59.

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.

Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty Inc. (NASDAQ:ULTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source