Kingsview Wealth Management LLC Buys Shares of 3,651 Ulta Beauty Inc. $ULTA

Key Points

• Kingsview Wealth Management purchased 3,651 Ulta Beauty shares worth approximately $1.65 million, while institutional investors collectively own 90.39% of the stock.
• Ulta’s latest quarter exceeded expectations, with EPS of $6.55 and revenue of $3.04 billion, up 8.9% year over year. The company raised fiscal 2026 EPS guidance to $28.70–$29.00 and increased planned share repurchases to $1.8 billion.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $626.59 price target, but shares face near-term concerns from potentially weaker third-quarter comparisons and increased competition from Target’s beauty expansion.

Kingsview Wealth Management LLC purchased a new stake in 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 and Exchange Commission. The institutional investor purchased 3,651 shares of the specialty retailer's stock, valued at approximately $1,647,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Optimize Financial Inc increased its holdings in Ulta Beauty by 1.4% in the fourth quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer's stock valued at $711,000 after purchasing an additional 16 shares during the last quarter. Root Financial Partners LLC lifted its stake in Ulta Beauty by 12.1% in the first quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer's stock valued at $87,000 after buying an additional 18 shares during the period. Roberts Glore & Co. Inc. IL boosted its holdings in Ulta Beauty by 5.3% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 394 shares of the specialty retailer's stock worth $238,000 after buying an additional 20 shares during the last quarter. Allworth Financial LP grew its position in shares of Ulta Beauty by 3.9% during the 4th quarter. Allworth Financial LP now owns 555 shares of the specialty retailer's stock worth $336,000 after buying an additional 21 shares during the period. Finally, Wedbush Securities Inc. grew its position in shares of Ulta Beauty by 0.3% during the 4th quarter. Wedbush Securities Inc. now owns 6,455 shares of the specialty retailer's stock worth $3,905,000 after buying an additional 21 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ULTA has been the topic of a number of analyst reports. Argus set a $550.00 price target on shares of Ulta Beauty in a research report on Thursday, June 18th. Robert W. Baird lowered their target price on shares of Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating for the company in a research note on Wednesday, June 3rd. B. Riley Financial cut their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a "neutral" rating on the stock in a 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. Finally, Evercore set a $635.00 price target on shares of Ulta Beauty in a 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $626.59.

Key Ulta Beauty News

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

• Positive Sentiment: Quarterly results exceeded expectations. Ulta reported $6.55 in EPS versus the $6.20 consensus and revenue of approximately $3.04 billion, up 8.9% year over year and ahead of the $2.99 billion estimate. Comparable sales rose 3.8%, while digital sales, loyalty growth, new brands and stronger execution supported performance. Ulta Beauty Q2 Earnings Beat as Sales Rise, FY26 View Raised
• Positive Sentiment: Ulta raised its fiscal 2026 outlook and expanded capital returns. The company now expects EPS of $28.70–$29.00, up from $28.36–$28.80, and revenue of roughly $13.2–$13.3 billion. It also increased its planned share repurchases to $1.8 billion, which could provide support for per-share earnings. Ulta Beauty Targets Sales Growth and Buybacks
• Neutral Sentiment: Analysts remain broadly constructive, but estimates are mixed. DA Davidson raised its price target to $625 and maintained a Buy rating, while Bank of America lowered its target to $650 but also kept a Buy rating. The conflicting revisions suggest confidence in Ulta’s long-term share gains, alongside caution about valuation and execution risks.
• Negative Sentiment: The market reaction reflects concerns about forward momentum. Management indicated that third-quarter comparable-sales comparisons may be weaker than fourth-quarter comparisons, increasing the risk of a temporary slowdown. Investors are also focused on Target’s rollout of its own Beauty Studio in more than 600 stores, including five former Ulta locations in South Carolina, potentially intensifying competition for prestige beauty customers. Ulta is responding by emphasizing exclusive products and brand differentiation. Ulta Leans Into Exclusivity Amid Target Competition

Ulta Beauty Stock Down 4.2%

Ulta Beauty stock opened at $517.50 on Friday. The stock has a market capitalization of $22.25 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.58 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 company has a 50 day moving average of $497.56 and a 200-day moving average of $534.74.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.28%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $5.78 earnings per share. The firm's 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. Equities analysts anticipate that Ulta Beauty Inc. will post 28.9 EPS for the current fiscal year.

Insider Activity

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

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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