Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $670.00 at Robert W. Baird

by · The Cerbat Gem

Ulta Beauty (NASDAQ:ULTA – Get Free Report) had its price target increased by equities research analysts at Robert W. Baird from $600.00 to $670.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s target price suggests a potential upside of 25.48% from the stock’s current price.

A number of other brokerages have also issued reports on ULTA. Telsey Advisory Group reaffirmed an “outperform” rating and set a $610.00 target price on shares of Ulta Beauty in a research report on Monday. Jefferies Financial Group upped 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. The Goldman Sachs Group lifted their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Citigroup raised their target price on Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Finally, Piper Sandler lifted their target price on shares of Ulta Beauty to $590.00 and gave the company an “overweight” rating in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $554.88.

View Our Latest Stock Analysis on ULTA

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $533.95 on Friday. Ulta Beauty has a twelve month low of $309.01 and a twelve month high of $572.23. The stock has a market capitalization of $23.94 billion, a PE ratio of 20.47, a P/E/G ratio of 3.60 and a beta of 0.87. The stock has a 50-day simple moving average of $531.45 and a 200 day simple moving average of $504.63.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (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 return on equity of 48.78% and a net margin of 10.31%.The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities research analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Large investors have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its stake in Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Ulta Beauty during the 3rd quarter worth about $25,000. Hemington Wealth Management increased its position in Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Ulta Beauty in the 3rd quarter valued at about $31,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Ulta Beauty in the third quarter worth about $31,000. 90.39% of the stock is currently owned by institutional investors.

Ulta Beauty Company Profile

(Get Free Report)

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.

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