Ulta Beauty Inc. (NASDAQ:ULTA) Stock Has Consensus Target Price of $627.83 According to Brokerages

Ulta Beauty Inc. (NASDAQ:ULTA) has been assigned a consensus rating of “Moderate Buy” from the thirty-two analysts that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $627.83.

A number of analysts have recently issued reports on the company. Loop Capital restated a “hold” rating and set a $550.00 price objective on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Raymond James Financial cut Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, September 15th. Royal Bank Of Canada upgraded shares of Ulta Beauty to an “outperform” rating in a research note on Tuesday, September 15th. Canaccord Genuity Group lowered their price target on shares of Ulta Beauty from $799.00 to $731.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Morgan Stanley dropped their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd.

Ulta Beauty Stock Up 0.7%

ULTA stock opened at $549.13 on Tuesday. Ulta Beauty has a twelve month low of $443.60 and a twelve month high of $714.97. The company has a market cap of $23.48 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.63 and a beta of 0.85. The business’s 50-day simple moving average is $531.35 and its 200 day simple moving average is $514.69.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company posted $5.78 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, equities research analysts anticipate that Ulta Beauty will post 28.95 EPS for the current year.

Insider Transactions at Ulta Beauty

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

Hedge Funds Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Ulta Beauty during the second quarter worth approximately $1,815,712,000. Diamant Asset Management Inc. increased its holdings in shares of Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after purchasing an additional 1,471,222 shares in the last quarter. Norges Bank bought a new position in Ulta Beauty in the 4th quarter worth approximately $430,963,000. Bank of America Corp DE bought a new position in Ulta Beauty in the 2nd quarter worth approximately $260,192,000. Finally, Legal & General Group Plc acquired a new position in Ulta Beauty during the 2nd quarter worth $161,600,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.