Nissay Asset Management Corp Japan Sells 28,903 Shares of Ulta Beauty Inc. $ULTA

Key Points

• Nissay Asset Management Japan cut its Ulta Beauty stake by 51.4%, selling 28,903 shares and retaining 27,361 shares worth approximately $12.3 million. Institutional investors and hedge funds collectively own 90.39% of the company.
• Ulta exceeded quarterly expectations, reporting $6.55 in EPS and $3.04 billion in revenue, 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, though concerns include potentially weaker third-quarter comparable sales and increasing competition from Target’s beauty expansion.

Nissay Asset Management Corp Japan trimmed its holdings in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 51.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,361 shares of the specialty retailer's stock after selling 28,903 shares during the quarter. Nissay Asset Management Corp Japan owned about 0.06% of Ulta Beauty worth $12,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Ulta Beauty during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC increased its holdings in Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 43 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 42 shares in the last quarter. Clearstead Trust LLC acquired a new position in Ulta Beauty in the second quarter valued at approximately $27,000. Finally, Ascentis Independent Advisors acquired a new position in Ulta Beauty in the first quarter valued at approximately $29,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $517.50 on Friday. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The company has a market cap of $22.25 billion, a PE ratio of 18.86, a PEG ratio of 1.58 and a beta of 0.87. The firm 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 announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating the consensus estimate of $6.22 by $0.33. The business had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.28%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities research analysts expect that Ulta Beauty Inc. will post 28.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $650.00 price objective on shares of Ulta Beauty in a research report on Friday. Morgan Stanley dropped their target price on shares of Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 3rd. TD Cowen reissued a "buy" rating on shares of Ulta Beauty in a research note on Tuesday, July 21st. The Goldman Sachs Group raised their price target on shares of Ulta Beauty from $648.00 to $667.00 and gave the stock a "buy" rating in a report on Friday. Finally, UBS Group set a $631.00 price target on shares of Ulta Beauty in a research note on Friday. 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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

Insider Buying and Selling at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty 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 transaction, the director owned 2,404 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

Ulta Beauty 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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