Westpac Banking Corp Takes $4.40 Million Position in Ulta Beauty Inc. $ULTA

Westpac Banking Corp purchased a new position in Ulta Beauty Inc. (NASDAQ:ULTA) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,761 shares of the specialty retailer’s stock, valued at approximately $4,402,000.

Other institutional 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% 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 buying an additional 1,471,222 shares during the period. Norges Bank acquired a new position in shares of Ulta Beauty during the 4th quarter worth about $430,963,000. Deutsche Bank AG bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $124,784,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at about $105,317,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. B. Riley Financial lowered their target price on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. William Blair reiterated a “market perform” rating on shares of Ulta Beauty in a report on Friday. Loop Capital reissued a “hold” rating and set a $550.00 price target on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Finally, Piper Sandler decreased their price target on shares of Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $638.09.

Ulta Beauty Stock Performance

Shares of ULTA opened at $521.46 on Friday. The stock has a 50 day simple moving average of $489.99 and a 200 day simple moving average of $539.70. 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 $22.42 billion, a PE ratio of 19.55, a P/E/G ratio of 1.61 and a beta of 0.87.

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

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the sale, the director owned 2,404 shares of the company’s stock, valued at $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Key Stories Impacting Ulta Beauty

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

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.