Heron Bay Capital Management purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 71,780 shares of the specialty retailer’s stock, valued at approximately $32,371,000. Ulta Beauty comprises approximately 2.9% of Heron Bay Capital Management’s holdings, making the stock its 13th largest holding.
A number of other large investors have also modified their holdings of ULTA. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC boosted its stake in Ulta Beauty by 860.0% in the 1st 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 boosted its stake in Ulta Beauty by 4,200.0% in the 4th 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 purchased a new stake in Ulta Beauty during the 2nd quarter worth approximately $27,000. Finally, Ascentis Independent Advisors purchased a new stake in Ulta Beauty during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Key Ulta Beauty News
Here are the key news stories impacting Ulta Beauty this week:
- Positive Sentiment: Saudi Arabia offers a new growth opportunity. Reports highlighted Ulta Beauty’s debut in Saudi Arabia, where a young, digitally engaged population and rapidly expanding beauty market could support long-term international sales growth. Saudi Arabia’s beauty market booms: Ulta Beauty debuts Saudi Arabia’s Beauty Market Booms With Young, Trend-savvy Consumers
- Positive Sentiment: New skincare deal could strengthen Ulta’s assortment. Australian entrepreneur Indianna Roehrich reportedly signed an agreement with Ulta for her Digital-era skincare brand, adding potentially differentiated products and supporting the retailer’s focus on emerging beauty brands. Australian entrepreneur Indianna Roehrich signs deal with Ulta Beauty
- Positive Sentiment: Analysts continue to emphasize earnings potential. Zacks articles pointed to expected earnings growth and potential for an earnings beat, while its Focus List described ULTA as attractive for long-term investors. These views complement the company’s latest earnings beat and fiscal 2026 EPS outlook. Why Ulta Beauty is a Top Stock for the Long-Term
- Neutral Sentiment: Upcoming earnings are a near-term catalyst. Coverage expects investors to focus on whether Ulta can sustain sales and profit growth in its next quarterly report. Ulta Beauty Earnings Expected to Grow
- Negative Sentiment: The Target partnership has ended. Target’s finalized separation from Ulta removes the retailer’s shop-in-shop presence and associated customer reach, although the effect may be partly offset by Ulta’s standalone stores and other expansion efforts. Target finalizes divorce from Ulta
Ulta Beauty Price Performance
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last posted its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the previous year, the firm posted $6.70 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities analysts anticipate that Ulta Beauty Inc. will post 28.76 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ULTA has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Morgan Stanley dropped their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. B. Riley Financial cut their target price on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Bank of America upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price for the company in a research note on Tuesday, May 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ulta Beauty in a research report on Tuesday, July 21st. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $638.09.
Read Our Latest Research Report on ULTA
Insider Buying and Selling at Ulta Beauty
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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.
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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