Freestone Grove Partners LP Takes $34.32 Million Position in Ulta Beauty Inc. $ULTA

Freestone Grove Partners LP acquired a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 76,098 shares of the specialty retailer’s stock, valued at approximately $34,319,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Partners Wealth lifted its stake in Ulta Beauty by 231.6% during the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after purchasing an additional 2,615 shares during the last quarter. Intech Investment Management LLC grew its position in Ulta Beauty by 48.9% in the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $1,758,000 after buying an additional 1,574 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Ulta Beauty in the second quarter valued at $466,000. Jump Financial LLC bought a new position in shares of Ulta Beauty in the second quarter valued at $1,196,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Ulta Beauty by 0.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,475 shares of the specialty retailer’s stock valued at $3,497,000 after acquiring an additional 70 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $543.19 on Thursday. Ulta Beauty Inc. has a 52 week low of $443.60 and a 52 week high of $714.97. The firm has a market capitalization of $23.35 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.67 and a beta of 0.87. The company has a 50 day moving average price of $494.65 and a 200 day moving average price of $535.92.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $0.85. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities analysts forecast that Ulta Beauty Inc. will post 28.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction on Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director owned 2,404 shares in the company, valued at approximately $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Ulta Beauty News Summary

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

• Positive Sentiment: Potential same-store sales beat: Deutsche Bank expects Ulta’s fiscal second-quarter comparable-sales growth to exceed market expectations. Strong traffic, demand for beauty products and resilient consumer spending could support revenue and earnings. Ulta Beauty Second-Quarter Same-Store Sales Poised for Beat
• Positive Sentiment: Wall Street remains broadly optimistic: Analysts continue to show a favorable outlook for ULTA despite its weaker performance versus the broader market over the past year. The upbeat target-price commentary may help support investor confidence ahead of results. What Are Wall Street Analysts’ Target Price for Ulta Beauty Stock?
• Positive Sentiment: New brand partnership: Ulta is expanding its assortment through a nationwide U.S. agreement with Chinese beauty brand Proya, potentially adding product innovation and international growth to its sales mix. Proya Steps Up Overseas Expansion Through Agreement With Ulta Beauty
• Neutral Sentiment: Earnings are the next major catalyst: Analysts are focused on comparable sales, margins, customer trends and updated guidance in Thursday’s fiscal second-quarter report. Ulta’s latest reported quarter already exceeded consensus EPS and revenue estimates, raising expectations for another solid performance. Ulta Beauty Q2 2026 Earnings Preview
• Negative Sentiment: Target is becoming a more direct competitor: Following its separation from Ulta, Target plans to introduce upscale beauty studios in stores and expand its selection to more than 90 prestige brands across over 600 locations. This could increase pressure on Ulta’s traffic, market share and brand exclusivity over time. Target Unveils New Beauty Spaces

Analyst Ratings Changes

A number of equities analysts recently issued reports on ULTA shares. DA Davidson decreased their target price on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings lowered Ulta Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Robert W. Baird reduced their target price on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a report on Wednesday, June 3rd. Bank of America upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price target for the company in a research report on Tuesday, May 5th. Finally, B. Riley Financial dropped their price target on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $636.41.

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.