Ulta Beauty Inc. $ULTA Holdings Raised by Chesley Taft & Associates LLC

Key Points

• Chesley Taft & Associates increased its Ulta Beauty stake by 175.8% in the second quarter, bringing its holdings to 3,227 shares valued at approximately $1.46 million. Institutional investors collectively own 90.39% of the company.
• Ulta Beauty reported quarterly earnings of $7.74 per share, exceeding estimates of $6.89, while revenue rose 11.1% year over year to $3.16 billion. The company maintained fiscal 2026 EPS guidance of $28.36–$28.80.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $638.09, although several firms recently lowered their targets. Shares opened at $565.15, up 4.9% in the period highlighted.

Chesley Taft & Associates LLC lifted its stake in Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 175.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,227 shares of the specialty retailer's stock after purchasing an additional 2,057 shares during the quarter. Chesley Taft & Associates LLC's holdings in Ulta Beauty were worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Ulta Beauty in the fourth quarter worth approximately $430,963,000. Atria Investments Inc grew its position in Ulta Beauty by 42.7% during the fourth 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 in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Ulta Beauty by 27.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 271,671 shares of the specialty retailer's stock valued at $164,364,000 after purchasing an additional 58,719 shares in the last quarter. Andrew Hill Investment Advisors Inc. acquired a new position in Ulta Beauty in the 4th quarter valued at approximately $1,903,000. Finally, Janney Montgomery Scott LLC increased its stake 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 valued at $18,681,000 after buying an additional 17,625 shares during the period. 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 company's stock in a transaction dated 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 directly owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Ulta Beauty Stock Up 4.9%

Shares of ULTA stock opened at $565.15 on Friday. Ulta Beauty Inc. has a 12 month low of $443.60 and a 12 month high of $714.97. The company has a market cap of $24.30 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.87. The business's 50 day moving average is $480.58 and its two-hundred day moving average is $549.47.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts' consensus estimates of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. Ulta Beauty's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities analysts expect that Ulta Beauty Inc. will post 28.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ULTA shares. The Goldman Sachs Group cut their target price on shares of Ulta Beauty from $741.00 to $652.00 and set a "buy" rating for the company in a research report on Wednesday, June 3rd. Robert W. Baird lowered their price target on shares of Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of Ulta Beauty from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, June 3rd. DA Davidson cut their price objective on Ulta Beauty from $650.00 to $585.00 and set a "buy" rating for the company in a report on Wednesday, June 3rd. Finally, Argus set a $550.00 price objective on Ulta Beauty in a research report on Thursday, June 18th. One 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 issued a Sell rating to the company. According to MarketBeat, Ulta Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $638.09.

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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