Ulta Beauty Inc. (NASDAQ:ULTA) Receives $644.91 Average Target Price from Brokerages

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have earned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $644.9091.

A number of brokerages have weighed in on ULTA. TD Cowen reduced their price target on Ulta Beauty from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Telsey Advisory Group increased their price target on Ulta Beauty from $640.00 to $715.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Morgan Stanley reduced their price target on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. DA Davidson reduced their price target on Ulta Beauty from $650.00 to $585.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd. Finally, UBS Group reduced their price target on Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a research note on Wednesday, June 3rd.

Ulta Beauty Stock Down 1.7%

Shares of Ulta Beauty stock opened at $463.68 on Friday. Ulta Beauty has a fifty-two week low of $452.05 and a fifty-two week high of $714.97. The firm has a market cap of $19.93 billion, a PE ratio of 17.39, a P/E/G ratio of 1.47 and a beta of 0.86. The business’s fifty day moving average is $513.47 and its two-hundred day moving average is $582.33.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly 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 return on equity of 44.77% and a net margin of 9.36%.The company 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 company posted $6.70 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities research analysts anticipate that Ulta Beauty will post 28.76 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the transaction, the director owned 2,383 shares of the company’s stock, valued at $1,285,128.07. This represents a 15.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Rathbones Group PLC raised its position in shares of Ulta Beauty by 12.8% in the 1st quarter. Rathbones Group PLC now owns 116,394 shares of the specialty retailer’s stock worth $60,840,000 after buying an additional 13,190 shares during the period. Parallel Advisors LLC raised its position in shares of Ulta Beauty by 8.6% in the 1st quarter. Parallel Advisors LLC now owns 768 shares of the specialty retailer’s stock worth $402,000 after buying an additional 61 shares during the period. NewEdge Advisors LLC raised its position in shares of Ulta Beauty by 70.5% in the 1st quarter. NewEdge Advisors LLC now owns 14,769 shares of the specialty retailer’s stock worth $7,720,000 after buying an additional 6,106 shares during the period. First Nebraska Trust Co purchased a new position in shares of Ulta Beauty in the 1st quarter worth $243,000. Finally, Allen Capital Group LLC raised its position in shares of Ulta Beauty by 5.3% in the 1st quarter. Allen Capital Group LLC now owns 7,545 shares of the specialty retailer’s stock worth $3,944,000 after buying an additional 378 shares during the period. 90.39% of the stock is owned by hedge funds and other 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.