Empowered Funds LLC Has $11.69 Million Stock Position in Ulta Beauty Inc. $ULTA

Empowered Funds LLC raised its holdings in Ulta Beauty Inc. (NASDAQ:ULTA) by 26.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,360 shares of the specialty retailer’s stock after purchasing an additional 4,722 shares during the quarter. Empowered Funds LLC’s holdings in Ulta Beauty were worth $11,688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Ulta Beauty during the 4th quarter worth $25,000. Strengthening Families & Communities LLC lifted its position in shares of Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after buying an additional 42 shares during the last quarter. Hilton Head Capital Partners LLC boosted its stake in Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 43 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at about $30,000. Finally, Steigerwald Gordon & Koch Inc. boosted its stake in Ulta Beauty by 2,550.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 51 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Evercore set a $635.00 target price on Ulta Beauty in a research note on Wednesday, June 3rd. Robert W. Baird reduced their price target on shares of Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. decreased their price target on shares of Ulta Beauty from $750.00 to $631.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. The Goldman Sachs Group decreased their price target on shares of Ulta Beauty from $741.00 to $652.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective for the company in a research note on Tuesday, May 5th. One investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $638.09.

Trending Headlines about Ulta Beauty

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

• Positive Sentiment: BofA reiterated its Buy rating and said Ulta could recapture approximately $650 million in gross merchandise value following the end of its Target partnership. The analyst believes the opportunity could support future revenue and EBIT growth as Ulta redirects customers and sales through its own stores and channels. Ulta Beauty Could Turn Target Partnership Exit into a Revenue Growth Opportunity
• Positive Sentiment: Recent partnerships are reinforcing Ulta’s growth narrative. A collaboration with Pacsun combines fashion and beauty merchandising, while intimate-wellness brand plusOne launched at Ulta. These initiatives could increase traffic, broaden product offerings and drive incremental basket growth. Pacsun and Ulta Beauty Collaboration
• Positive Sentiment: Strong first-quarter execution continues to support investor confidence. Ulta recently reported 11.1% revenue growth to about $3.2 billion, 5.3% comparable-sales growth and a 15.5% increase in diluted EPS to $7.74. Management raised fiscal 2026 EPS guidance to $28.36–$28.80 while maintaining its 6%–7% sales-growth outlook.
• Neutral Sentiment: Value and momentum screens, including Zacks’ commentary, identify ULTA as attractively valued relative to its earnings and growth profile. However, these are quantitative assessments rather than new company-specific catalysts. Why Ulta Beauty Is a Strong Value Stock
• Negative Sentiment: Recent insider activity showed sales rather than purchases, although the disclosed transactions were limited and do not necessarily indicate a change in Ulta’s operating outlook.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $508.09 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 cap of $21.84 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The firm’s fifty day moving average is $477.28 and its 200-day moving average is $554.98.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.Ulta Beauty’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Sell-side analysts forecast that Ulta Beauty Inc. will post 28.77 EPS for the current 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 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 sale, the director owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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.