Q4 EPS Estimates for Ulta Beauty Lifted by Analyst

Ulta Beauty Inc. (NASDAQ:ULTA) – Investment analysts at Telsey Advisory Group upped their Q4 2027 earnings per share (EPS) estimates for shares of Ulta Beauty in a research note issued on Monday, December 1st. Telsey Advisory Group analyst D. Telsey now forecasts that the specialty retailer will post earnings per share of $8.18 for the quarter, up from their previous forecast of $8.14. Telsey Advisory Group has a “Outperform” rating and a $610.00 price objective on the stock. The consensus estimate for Ulta Beauty’s current full-year earnings is $23.96 per share.

Several other equities research analysts have also recently weighed in on the company. Morgan Stanley boosted their price objective on Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Piper Sandler restated an “overweight” rating and issued a $590.00 price target on shares of Ulta Beauty in a research report on Tuesday. Jefferies Financial Group boosted their price objective on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research note on Friday, August 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $549.83.

Ulta Beauty Stock Down 0.1%

Ulta Beauty stock opened at $547.35 on Wednesday. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $572.23. The firm’s fifty day moving average is $531.39 and its 200 day moving average is $504.15. The company has a market cap of $24.54 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 3.62 and a beta of 0.87.

Institutional Investors Weigh In On Ulta Beauty

Hedge funds have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its holdings in Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty during the 3rd quarter valued at $25,000. Hemington Wealth Management lifted its holdings in shares of Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 3rd quarter worth $31,000. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Ulta Beauty during the third quarter valued at about $31,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ulta Beauty

In related news, Director Mike C. Smith sold 500 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $528.43, for a total value of $264,215.00. Following the completion of the sale, the director owned 2,263 shares in the company, valued at approximately $1,195,837.09. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.