Public Employees Retirement System of Ohio Makes New Investment in Ulta Beauty Inc. $ULTA

Posted by Brenda Bartman on Sep 2nd, 2026

Public Employees Retirement System of Ohio purchased a new position in shares of Ulta Beauty Inc. (NASDAQ:ULTA – Free Report) during the second quarter, HoldingsChannel reports. The fund purchased 14,336 shares of the specialty retailer’s stock, valued at approximately $6,465,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Ulta Beauty in the second quarter valued at about $1,815,712,000. Diamant Asset Management Inc. grew its position in shares of 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 valued at $77,050,000 after purchasing an additional 1,471,222 shares during the period. Norges Bank bought a new stake in Ulta Beauty during the 4th quarter worth approximately $430,963,000. Bank of America Corp DE acquired a new stake in Ulta Beauty during the 2nd quarter worth approximately $260,192,000. Finally, Legal & General Group Plc bought a new position in Ulta Beauty in the second quarter valued at approximately $161,600,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ULTA. TD Cowen restated a “buy” rating on shares of Ulta Beauty in a report on Tuesday, July 21st. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. UBS Group set a $631.00 price objective on shares of Ulta Beauty in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Ulta Beauty from $692.00 to $695.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, Canaccord Genuity Group cut their price target on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $626.59.

Get Our Latest Stock Report on ULTA

Ulta Beauty Trading Up 1.6%

ULTA stock opened at $545.66 on Wednesday. Ulta Beauty Inc. has a 1-year low of $443.60 and a 1-year high of $714.97. The business’s 50 day simple moving average is $500.73 and its 200 day simple moving average is $531.63. The firm has a market capitalization of $23.33 billion, a PE ratio of 19.89, a PEG ratio of 1.61 and a beta of 0.85.

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 (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 the consensus estimate of $2.99 billion. During the same quarter last year, the firm posted $5.78 EPS. The company’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. As a group, sell-side analysts predict that Ulta Beauty Inc. will post 28.91 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Ulta Beauty Profile

(Free Report)

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.