Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $685.00

Ulta Beauty (NASDAQ:ULTA) had its price target lifted by Bank of America from $610.00 to $685.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock.

Several other equities analysts have also recently weighed in on the stock. TD Cowen raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and raised their price target for the company from $600.00 to $725.00 in a research report on Monday, December 8th. Wall Street Zen downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Piper Sandler set a $615.00 price target on Ulta Beauty in a report on Friday, December 5th. Finally, Morgan Stanley increased their price target on Ulta Beauty from $600.00 to $640.00 and gave the company an “overweight” rating in a research report on Sunday, December 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $597.24.

Ulta Beauty Trading Up 1.3%

NASDAQ ULTA opened at $666.18 on Thursday. The company has a market cap of $29.55 billion, a P/E ratio of 25.54, a PEG ratio of 3.52 and a beta of 0.85. The company has a fifty day simple moving average of $569.17 and a 200 day simple moving average of $534.39. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $675.65.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Sell-side analysts predict that Ulta Beauty will post 23.96 EPS for the current year.

Institutional Trading of Ulta Beauty

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Ulta Beauty by 222.7% during the 4th quarter. SG Americas Securities LLC now owns 23,163 shares of the specialty retailer’s stock worth $14,014,000 after purchasing an additional 15,985 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in Ulta Beauty by 2.0% in the 4th quarter. 180 Wealth Advisors LLC now owns 996 shares of the specialty retailer’s stock worth $602,000 after purchasing an additional 20 shares in the last quarter. Oliver Luxxe Assets LLC bought a new position in Ulta Beauty in the 4th quarter valued at $8,009,000. Wedmont Private Capital grew its position in shares of Ulta Beauty by 4.8% during the 4th quarter. Wedmont Private Capital now owns 914 shares of the specialty retailer’s stock valued at $599,000 after purchasing an additional 42 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Ulta Beauty by 78.1% in the fourth quarter. Nordea Investment Management AB now owns 38,421 shares of the specialty retailer’s stock worth $23,309,000 after purchasing an additional 16,845 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company 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.