Ulta Beauty Inc. (NASDAQ:ULTA) Receives $576.50 Average PT from Analysts

by · The Cerbat Gem

Shares of Ulta Beauty Inc. (NASDAQ:ULTA – Get Free Report) have earned a consensus rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $576.50.

A number of equities research analysts recently commented on ULTA shares. DA Davidson increased their price target on Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $640.00 price objective (up previously from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. JPMorgan Chase & Co. raised their target price on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Oppenheimer set a $675.00 price target on Ulta Beauty in a report on Wednesday, December 10th. Finally, Argus raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price objective on the stock in a report on Thursday, September 25th.

Check Out Our Latest Stock Report on ULTA

Institutional Trading of Ulta Beauty

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

Ulta Beauty Stock Down 1.4%

Shares of ULTA stock opened at $604.09 on Friday. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $616.34. The company has a market capitalization of $26.80 billion, a P/E ratio of 23.16, a P/E/G ratio of 3.24 and a beta of 0.87. The firm has a 50-day moving average price of $542.62 and a 200 day moving average price of $520.43.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, research analysts expect that Ulta Beauty will post 23.96 earnings per share for the current year.

Ulta Beauty Company Profile

(Get Free Report)

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.

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