87,677 Shares in Ulta Beauty Inc. $ULTA Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec bought a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 87,677 shares of the specialty retailer’s stock, valued at approximately $39,541,000.

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

More Ulta Beauty News

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

• Positive Sentiment: Ulta reported quarterly EPS of $6.55, up 13.3% year over year and ahead of estimates near $6.20-$6.21. Revenue increased 8.9% to approximately $3.0 billion-$3.04 billion, also exceeding expectations. Ulta Beauty raises annual forecast after quarterly profit beats estimates
• Positive Sentiment: Management raised fiscal 2026 guidance to $28.70-$29.00 in EPS, from $28.36-$28.80 previously, and projected revenue of $13.2-$13.3 billion. The new outlook is above consensus expectations and signals confidence in continued sales and profit growth. Ulta Beauty Raises Forecast as Sales Grow
• Positive Sentiment: Profitability and cash generation improved: operating profit rose 10.1% to $379.6 million, while operating cash flow increased 24% to $119.7 million. International expansion and new initiatives were also cited as growth drivers. Ulta Beauty Beats Wall Street Expectations, Raises Full-year Forecasts
• Neutral Sentiment: Ulta expanded its product assortment and appointed retail executive Brieane L. Olson as an independent director, developments that may support merchandising and governance over the longer term.
• Negative Sentiment: Target is developing its own upscale beauty concept after ending its Ulta partnership, potentially increasing competition for prestige beauty shoppers. Recent insider activity also included sales rather than purchases, though these signals are less significant than the earnings beat and raised guidance. Target Launches Beauty Space

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $540.10 on Friday. Ulta Beauty Inc. has a fifty-two week low of $443.60 and a fifty-two week high of $714.97. The firm has a fifty day moving average price of $496.33 and a two-hundred day moving average price of $534.86. The company has a market cap of $23.22 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.20 by $0.35. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business posted $5.78 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Analysts expect that Ulta Beauty Inc. will post 28.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ULTA. Citigroup lowered their price target on Ulta Beauty from $600.00 to $560.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Raymond James Financial reissued a “strong-buy” rating on shares of Ulta Beauty in a research report on Friday. Canaccord Genuity Group decreased their target price on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a research note on Wednesday, June 3rd. UBS Group reaffirmed a “buy” rating on shares of Ulta Beauty in a report on Monday. Finally, DA Davidson dropped their price target on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $636.41.

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 dated Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the sale, the director directly owned 2,404 shares of the company’s stock, valued at $1,143,919.36. This trade represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

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.