Ulta Beauty Inc. (NASDAQ:ULTA) Receives $603.24 Average Target Price from Analysts

Ulta Beauty Inc. (NASDAQ:ULTA) has been assigned an average rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $607.64.

Several equities research analysts have issued reports on ULTA shares. Canaccord Genuity Group raised their price target on Ulta Beauty from $653.00 to $674.00 and gave the company a “buy” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft set a $732.00 target price on shares of Ulta Beauty in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, October 8th. Robert W. Baird set a $700.00 price target on shares of Ulta Beauty in a report on Wednesday, December 17th. Finally, Piper Sandler set a $615.00 price objective on shares of Ulta Beauty in a research report on Friday, December 5th.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $663.48 on Thursday. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $675.65. The company has a market capitalization of $29.43 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 3.45 and a beta of 0.85. The company has a 50-day simple moving average of $583.88 and a 200 day simple moving average of $541.40.

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

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of ULTA. MassMutual Private Wealth & Trust FSB increased its position in Ulta Beauty by 6.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the specialty retailer’s stock worth $160,000 after acquiring an additional 17 shares during the period. State of Wyoming grew its position in shares of Ulta Beauty by 10.5% during the 3rd quarter. State of Wyoming now owns 211 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 20 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Ulta Beauty by 2.0% during the fourth quarter. 180 Wealth Advisors LLC now owns 996 shares of the specialty retailer’s stock worth $602,000 after purchasing an additional 20 shares during the period. Quadrant Capital Group LLC raised its position in shares of Ulta Beauty by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 1,165 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 21 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in shares of Ulta Beauty by 4.8% in the third quarter. Level Four Advisory Services LLC now owns 459 shares of the specialty retailer’s stock valued at $251,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.