Jupiter Topco LLC Invests $2.45 Million in Ulta Beauty Inc. $ULTA

Key Points

• Jupiter Topco LLC purchased 5,440 Ulta Beauty shares worth approximately $2.45 million in the second quarter. Institutional investors collectively own 90.39% of the company.
• Ulta Beauty exceeded quarterly expectations, reporting $6.55 in EPS versus $6.22 expected and $3.04 billion in revenue versus $2.99 billion forecast. Revenue increased 8.9% year over year, and fiscal 2026 EPS guidance was set at $28.70–$29.00.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $626.59. Recent targets range from $500 to $667, while the stock opened at $551.74.

Jupiter Topco LLC bought a new stake in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,440 shares of the specialty retailer's stock, valued at approximately $2,452,000.

A number of other institutional investors have also recently made changes to their positions in ULTA. Norges Bank bought a new stake in shares of Ulta Beauty in the 4th quarter worth about $430,963,000. Atria Investments Inc grew its holdings in Ulta Beauty by 42.7% during the 4th quarter. Atria Investments Inc now owns 6,996 shares of the specialty retailer's stock valued at $4,233,000 after purchasing an additional 2,093 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Ulta Beauty by 97.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer's stock worth $18,681,000 after purchasing an additional 17,625 shares during the period. National Pension Service raised its position in Ulta Beauty by 2,704.0% in the 4th quarter. National Pension Service now owns 79,465 shares of the specialty retailer's stock worth $48,077,000 after purchasing an additional 76,631 shares during the period. Finally, Oxbow Advisors LLC purchased a new stake in Ulta Beauty in the 1st quarter worth about $3,024,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent analyst reports. Jefferies Financial Group restated a "buy" rating and set a $650.00 target price on shares of Ulta Beauty in a research report on Friday, August 28th. Piper Sandler decreased their price target 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. The Goldman Sachs Group raised their price target on Ulta Beauty from $648.00 to $667.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Barclays cut their price objective on Ulta Beauty from $647.00 to $645.00 and set an "overweight" rating on the stock in a research report on Friday, August 28th. Finally, B. Riley Financial reduced their target price on Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $626.59.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $551.74 on Thursday. The stock has a market cap of $23.59 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.63 and a beta of 0.85. The firm has a 50-day moving average of $502.18 and a two-hundred day moving average of $530.82. Ulta Beauty Inc. has a 1 year low of $443.60 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted $5.78 earnings per share. The company's quarterly revenue 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. Research analysts expect that Ulta Beauty Inc. will post 28.93 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm'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 trade represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Key Stories Impacting Ulta Beauty

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

• Positive Sentiment: An analyst upgrade helped support the stock, with shares reportedly trading higher as investors reassessed Ulta Beauty’s earnings outlook and growth prospects. Ulta Beauty Trading Up After Analyst Upgrade
• Positive Sentiment: Ulta’s latest results exceeded expectations: quarterly earnings were $6.55 per share versus a $6.22 consensus estimate, while revenue reached $3.04 billion versus expectations of $2.99 billion. Management also raised full-year fiscal 2026 earnings guidance to $28.70-$29.00 per share, with continued strength in prestige hair care. Ulta Beauty Earnings Beat Keeps Valuation In Focus
• Positive Sentiment: Ulta announced the eight brands selected for its 2026 MUSE Accelerator, expanding its pipeline of emerging haircare, skincare, fragrance, cosmetics and body-care products. The program could support future assortment growth and brand partnerships. Ulta Beauty Announces 2026 MUSE Accelerator Cohort

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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