Ulta Beauty Inc. (NASDAQ:ULTA) Stock Has Average Price Target of $627.83

Ulta Beauty Inc. (NASDAQ:ULTA) has been given a consensus recommendation of “Moderate Buy” by the thirty-two analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $627.83.

A number of research firms have recently commented on ULTA. FBN Securities initiated coverage on Ulta Beauty in a report on Tuesday, September 15th. They set an “outperform” rating for the company. Cantor Fitzgerald started coverage on Ulta Beauty in a research note on Tuesday, September 15th. They issued an “overweight” rating on the stock. Jefferies Financial Group reissued a “buy” rating and set a $650.00 target price on shares of Ulta Beauty in a research note on Friday, August 28th. UBS Group set a $631.00 target price on shares of Ulta Beauty in a report on Friday, August 28th. Finally, Loop Capital restated a “hold” rating and issued a $550.00 price target on shares of Ulta Beauty in a research note on Wednesday, June 3rd.

Insider Activity at Ulta Beauty

In other news, CEO Kecia Steelman sold 2,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the completion of the transaction, the chief executive officer directly owned 40,489 shares in the company, valued at approximately $22,102,135.32. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorna Nagler sold 600 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the transaction, the director owned 7,168 shares of the company’s stock, valued at $3,851,438.08. The trade was a 7.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

Hedge funds have recently modified their holdings of the company. State Street Corp increased its holdings in Ulta Beauty by 1.1% in the 2nd quarter. State Street Corp now owns 2,024,623 shares of the specialty retailer’s stock worth $913,064,000 after purchasing an additional 22,036 shares in the last quarter. Tidal Investments LLC boosted its position in Ulta Beauty by 34.6% during the 2nd quarter. Tidal Investments LLC now owns 17,553 shares of the specialty retailer’s stock worth $7,916,000 after buying an additional 4,513 shares during the period. Baird Financial Group Inc. boosted its position in Ulta Beauty by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 14,868 shares of the specialty retailer’s stock worth $6,705,000 after buying an additional 60 shares during the period. Arizona State Retirement System grew its holdings in Ulta Beauty by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the specialty retailer’s stock worth $5,655,000 after acquiring an additional 485 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in Ulta Beauty by 3.0% during the 2nd quarter. Empirical Finance LLC now owns 1,798 shares of the specialty retailer’s stock worth $811,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Trading Up 0.9%

Shares of Ulta Beauty stock opened at $548.78 on Tuesday. The company has a market cap of $23.47 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85. The company has a 50 day moving average of $528.81 and a 200-day moving average of $516.06. Ulta Beauty has a 1-year low of $443.60 and a 1-year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, beating the consensus estimate of $6.22 by $0.33. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the business earned $5.78 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Research analysts forecast that Ulta Beauty will post 28.94 earnings per share for the current year.

About Ulta Beauty

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.