Analysts Set Ulta Beauty Inc. (NASDAQ:ULTA) PT at $576.50

Ulta Beauty Inc. (NASDAQ:ULTA) has earned an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $576.50.

A number of brokerages have issued reports on ULTA. The Goldman Sachs Group lifted their price target on shares of Ulta Beauty from $530.00 to $584.00 and gave the company a “buy” rating in a report on Friday, August 29th. Oppenheimer set a $675.00 target price on Ulta Beauty in a report on Wednesday, December 10th. Evercore ISI raised their price target on Ulta Beauty from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, December 5th. DA Davidson lifted their price objective on Ulta Beauty from $625.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Morgan Stanley increased their target price on Ulta Beauty from $600.00 to $640.00 and gave the company an “overweight” rating in a research report on Sunday, December 7th.

Ulta Beauty Trading Up 0.7%

NASDAQ ULTA opened at $608.10 on Friday. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $616.34. The stock has a market cap of $26.98 billion, a PE ratio of 23.32, a P/E/G ratio of 3.21 and a beta of 0.87. The stock’s 50 day moving average is $545.42 and its 200 day moving average is $521.65.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $5.14 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after buying an additional 688,267 shares during the period. Norges Bank bought a new stake in shares of Ulta Beauty in the 2nd quarter worth about $258,791,000. Holocene Advisors LP lifted its holdings in shares of Ulta Beauty by 339.6% in the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after acquiring an additional 293,516 shares during the last quarter. Andra AP fonden grew its holdings in Ulta Beauty by 351,900.0% during the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock valued at $125,096,000 after purchasing an additional 228,735 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Ulta Beauty by 33.6% during the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after purchasing an additional 211,485 shares during the last quarter. 90.39% of the stock is currently owned by 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.