Ulta Beauty Inc. (NASDAQ:ULTA) Receives $626.44 Consensus Target Price from Brokerages

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have been assigned an average rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $626.44.

A number of analysts recently issued reports on ULTA shares. Evercore lifted their price target on shares of Ulta Beauty from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Oppenheimer boosted their target price on shares of Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Zacks Research cut shares of Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Barclays reissued an “overweight” rating and issued a $680.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $640.00 target price (up previously from $610.00) on shares of Ulta Beauty in a report on Monday, December 1st.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $683.40 on Monday. The firm has a market capitalization of $30.32 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.85. Ulta Beauty has a one year low of $309.01 and a one year high of $700.81. The stock’s 50 day moving average price is $640.45 and its 200 day moving average price is $566.24.

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

Institutional Trading of Ulta Beauty

Institutional investors and hedge funds have recently modified their holdings of the business. Fideuram Asset Management Ireland dac bought a new position in shares of Ulta Beauty during the fourth quarter valued at $25,000. Strengthening Families & Communities LLC grew its position in Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Ulta Beauty during the 3rd quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. raised its holdings 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 worth $32,000 after buying an additional 51 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after buying an additional 28 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.