Ulta Beauty, Inc. ($ULTA) reported another solid quarter in Q2 2026, with revenue rising $3.0 billion, up 8.9% from a year earlier. The company also posted gains across profitability measures, including gross profit of $1.2 billion, operating profit of $379.6 million, and net income attributable to common shareholders of $282.0 million.
Earnings momentum was especially strong on a per-share basis, with diluted EPS climbing to $6.55, up 13.3% year over year and ahead of analyst expectations. Revenue also came in close to forecasts at about $3.0 billion, reflecting steady top-line growth alongside improved margins.
Cash generation strengthened during the quarter, with operating cash flow reaching $119.7 million, up 24.0% from the prior year. Ulta continued investing in the business as well, spending $81.3 million on property and equipment, while ending the period with $158.5 million in cash and cash equivalents.
- Revenue: $3.0 billion, up 8.9%
- Operating profit: $379.6 million, up 10.1%
- Diluted EPS: $6.55, up 13.3%
- Operating cash flow: $119.7 million, up 24.0%
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Ulta Beauty, Inc. Insider Trading Activity
Ulta Beauty, Inc. insiders have traded $ULTA stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ULTA stock by insiders over the last 6 months:
- GEORGE R JR MRKONIC has made 0 purchases and 2 sales selling 835 shares for an estimated $426,005.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Ulta Beauty, Inc. Hedge Fund Activity
We have seen 434 institutional investors add shares of Ulta Beauty, Inc. stock to their portfolio, and 711 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIAMANT ASSET MANAGEMENT, INC. removed 1,471,025 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $663,402,854
- SANDERS CAPITAL, LLC added 552,830 shares (+29.0%) to their portfolio in Q2 2026, for an estimated $249,315,273
- PRICE T ROWE ASSOCIATES INC /MD/ added 544,723 shares (+55.4%) to their portfolio in Q2 2026, for an estimated $245,659,178
- JPMORGAN CHASE & CO added 412,540 shares (+inf%) to their portfolio in Q2 2026, for an estimated $186,047,289
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 366,570 shares (+inf%) to their portfolio in Q2 2026, for an estimated $165,315,738
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 233,678 shares (+36.6%) to their portfolio in Q2 2026, for an estimated $105,384,104
- 1832 ASSET MANAGEMENT L.P. removed 231,637 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $121,078,976
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Ulta Beauty, Inc. Congressional Stock Trading
Members of Congress have traded $ULTA stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ULTA stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARIA ELVIRA SALAZAR purchased up to $50,000 on 03/19.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
Ulta Beauty, Inc. Price Targets
Multiple analysts have issued price targets for $ULTA recently. We have seen 17 analysts offer price targets for $ULTA in the last 6 months, with a median target of $635.0.
Here are some recent targets:
- Oliver Chen from TD Cowen set a target price of $600.0 on 06/09/2026
- Steven Zaccone from Citigroup set a target price of $560.0 on 06/04/2026
- Ike Boruchow from Wells Fargo set a target price of $450.0 on 06/03/2026
- Mark Altschwager from Baird set a target price of $700.0 on 06/03/2026
- Adrienne Yih from Barclays set a target price of $647.0 on 06/03/2026
- Michael Baker from DA Davidson set a target price of $585.0 on 06/03/2026
- Anna Andreeva from Piper Sandler set a target price of $600.0 on 06/03/2026
