Brokerages Set Ulta Beauty Inc. (NASDAQ:ULTA) PT at $638.09

Ulta Beauty Inc. (NASDAQ:ULTA) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $638.0909.

ULTA has been the topic of several research analyst reports. B. Riley Financial decreased their price target on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Morgan Stanley dropped their price objective on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Robert W. Baird reduced their target price on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating for the company in a research report on Wednesday, June 3rd. Bank of America upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price on the stock in a research note on Tuesday, May 5th. Finally, Argus set a $550.00 price target on Ulta Beauty in a report on Thursday, June 18th.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $565.15 on Monday. The company has a 50 day moving average of $480.58 and a 200 day moving average of $548.66. The stock has a market cap of $24.30 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.76 and a beta of 0.87. Ulta Beauty has a 12 month low of $443.60 and a 12 month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the firm posted $6.70 EPS. Ulta Beauty’s revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities analysts forecast that Ulta Beauty will post 28.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In related news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the transaction, the director directly owned 2,404 shares in the company, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds have recently bought and sold shares of ULTA. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC lifted its holdings in shares of Ulta Beauty by 860.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 43 shares during the last quarter. Strengthening Families & Communities LLC grew its position in Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares in the last quarter. Clearstead Trust LLC purchased a new position in Ulta Beauty in the second quarter worth $27,000. Finally, Ascentis Independent Advisors purchased a new position in Ulta Beauty in the first quarter worth $29,000. 90.39% of the stock is currently owned by institutional investors.

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.