Royal London Asset Management Ltd. Decreases Stake in Ulta Beauty Inc. $ULTA

Royal London Asset Management Ltd. reduced its position in Ulta Beauty Inc. (NASDAQ:ULTA) by 36.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,793 shares of the specialty retailer’s stock after selling 12,399 shares during the period. Royal London Asset Management Ltd. owned 0.05% of Ulta Beauty worth $9,828,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ULTA. BlackRock Inc. purchased a new position in shares of Ulta Beauty in the second quarter worth about $1,815,712,000. State Street Corp lifted its stake in shares of Ulta Beauty by 2.5% during 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 buying an additional 50,305 shares in the last quarter. Diamant Asset Management Inc. lifted its stake in shares of 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 valued at $77,050,000 after buying an additional 1,471,222 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ulta Beauty by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer’s stock worth $747,587,000 after buying an additional 21,947 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Ulta Beauty by 0.3% in 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 buying an additional 2,463 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $475.84, for a total value of $182,246.72. Following the transaction, the director directly owned 2,404 shares in the company, valued at $1,143,919.36. This represents a 13.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $537.10 on Tuesday. The firm has a fifty day moving average price of $499.00 and a two-hundred day moving average price of $532.60. Ulta Beauty Inc. has a one year low of $443.60 and a one year high of $714.97. The company has a market cap of $22.97 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.57 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities research analysts expect that Ulta Beauty Inc. will post 28.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group increased their target price on Ulta Beauty from $648.00 to $667.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America reduced their price target on Ulta Beauty from $685.00 to $650.00 and set a “buy” rating for the company in a research report on Friday. Raymond James Financial reiterated a “strong-buy” rating and set a $700.00 price objective on shares of Ulta Beauty in a research note on Friday. Canaccord Genuity Group dropped their price objective on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $650.00 target price on shares of Ulta Beauty in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $626.59.

Key Headlines Impacting Ulta Beauty

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

• Positive Sentiment: Ulta reported approximately $3.04 billion in quarterly sales, up 8.9% year over year, while comparable sales rose 3.8%. Diluted EPS increased 13.3% to $6.55, exceeding the $6.22 analyst consensus, and operating income grew 10.1%. Ulta Beauty Rises on Strong Quarterly Results and Higher Full-Year Outlook
• Positive Sentiment: Management raised its fiscal 2026 outlook for sales growth, comparable sales, operating income and EPS, reinforcing investor confidence in demand and profitability. The company’s existing EPS guidance was $28.70-$29.00, broadly consistent with the $28.90 analyst expectation. Ulta Beauty Q2 2026 Earnings Call Transcript
• Positive Sentiment: Ulta increased its planned fiscal 2026 share repurchases to $1.8 billion from $1.5 billion and expects to use the remaining authorization by year-end. Buybacks could support EPS and signal confidence in future cash generation. Ulta Beauty Rises on Strong Quarterly Results and Higher Full-Year Outlook
• Positive Sentiment: The earnings call highlighted momentum from TikTok Shop, adding a potentially important digital sales channel and source of future customer engagement. Ulta Beauty Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst targets remain mixed but generally above the current trading level, with recent targets ranging from $450 to $700 and a six-month median of $635. Bank of America lowered its target to $650, while DA Davidson raised its target to $625. Bank of America Lowers Ulta Beauty Price Target
• Negative Sentiment: Target’s move to develop a new in-store beauty concept after ending its Ulta partnership could increase competitive pressure, although the near-term effect on Ulta’s results is uncertain. Target Launches a New Inside Beauty Store

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.