Ulta Beauty Inc. $ULTA Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its Ulta Beauty stake by 43,592.1% in the second quarter, adding more than 29.3 million shares. Institutional investors and hedge funds collectively own 90.39% of the stock.
• Ulta Beauty reported quarterly EPS of $6.55, ahead of the $6.22 consensus estimate, while revenue rose 8.9% year over year to $3.04 billion. The company issued fiscal 2026 EPS guidance of $28.70–$29.00.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $624.57, despite mixed target-price revisions. Shares opened at $549.23, within a 52-week range of $443.60 to $714.97.

California State Teachers Retirement System increased its holdings in shares of Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) by 43,592.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,433,210 shares of the specialty retailer's stock after buying an additional 29,365,845 shares during the quarter. California State Teachers Retirement System owned 68.47% of Ulta Beauty worth $13,273,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Ulta Beauty during the second quarter worth about $1,815,712,000. State Street Corp raised its position in shares of Ulta Beauty by 2.5% in the 4th quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer's stock valued at $1,225,487,000 after purchasing an additional 50,305 shares during the last quarter. Diamant Asset Management Inc. boosted its stake in Ulta Beauty by 52,171.0% in the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer's stock worth $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Geode Capital Management LLC grew its position in Ulta Beauty by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer's stock worth $747,587,000 after purchasing an additional 21,947 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Ulta Beauty by 0.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 974,223 shares of the specialty retailer's stock worth $589,415,000 after purchasing an additional 2,463 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction that occurred on 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 transaction, the director directly owned 2,404 shares of the company's stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ULTA shares. Citigroup raised their price target on shares of Ulta Beauty from $560.00 to $580.00 and gave the stock a "neutral" rating in a report on Friday, August 28th. JPMorgan Chase & Co. reduced their target price on Ulta Beauty from $750.00 to $631.00 and set an "overweight" rating for the company in a research note on Wednesday, June 3rd. DA Davidson lifted their price target on Ulta Beauty from $585.00 to $625.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Wells Fargo & Company dropped their price target on Ulta Beauty from $475.00 to $450.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 3rd. Finally, Bank of America cut their price objective on Ulta Beauty from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $624.57.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $549.23 on Wednesday. The company has a market capitalization of $23.49 billion, a PE ratio of 20.02, a P/E/G ratio of 1.69 and a beta of 0.85. The company has a fifty day moving average of $509.19 and a 200 day moving average of $527.10. 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 quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.The business had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.99 billion. During the same quarter in the previous year, the firm posted $5.78 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. 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.

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.

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