Ulta Beauty’s (ULTA) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research note published on Monday morning,Benzinga reports. DA Davidson currently has a $625.00 price objective on the specialty retailer’s stock.

Several other analysts have also recently weighed in on ULTA. TD Cowen reaffirmed a “buy” rating on shares of Ulta Beauty in a report on Tuesday, July 21st. B. Riley Financial lowered their price target on shares of Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. Bank of America dropped their price objective on shares of Ulta Beauty from $685.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 28th. Raymond James Financial restated a “strong-buy” rating and issued a $700.00 price objective on shares of Ulta Beauty in a report on Friday, August 28th. Finally, Argus set a $550.00 price objective on shares of Ulta Beauty in a research report on Thursday, June 18th. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $627.83.

Ulta Beauty Price Performance

ULTA opened at $530.52 on Monday. Ulta Beauty has a 12 month low of $443.60 and a 12 month high of $714.97. The stock has a market capitalization of $22.69 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.63 and a beta of 0.85. The business has a fifty day moving average price of $519.37 and a 200 day moving average price of $521.01.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.22 by $0.33. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.Ulta Beauty’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, research analysts anticipate that Ulta Beauty will post 28.94 earnings per share for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director Lorna Nagler sold 600 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $537.31, for a total transaction of $322,386.00. Following the sale, the director owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. This trade represents a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of ULTA. Tidal Investments LLC lifted its holdings in shares of Ulta Beauty by 34.6% in the 2nd quarter. Tidal Investments LLC now owns 17,553 shares of the specialty retailer’s stock valued at $7,916,000 after purchasing an additional 4,513 shares during the last quarter. Baird Financial Group Inc. grew its stake in Ulta Beauty by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 14,868 shares of the specialty retailer’s stock worth $6,705,000 after buying an additional 60 shares during the last quarter. Arizona State Retirement System grew its stake in Ulta Beauty by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the specialty retailer’s stock worth $5,655,000 after buying an additional 485 shares during the last quarter. Empirical Finance LLC increased its position in Ulta Beauty by 3.0% during the second quarter. Empirical Finance LLC now owns 1,798 shares of the specialty retailer’s stock worth $811,000 after buying an additional 53 shares during the period. Finally, Nykredit A S acquired a new position in Ulta Beauty during the second quarter worth approximately $11,855,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: DA Davidson reiterated its Buy rating, reinforcing the view that Ulta’s recent pullback offers attractive long-term value. The company’s latest quarter also showed strong fundamentals, with revenue up 8.9% year over year and earnings exceeding estimates. DA Davidson Reiterates Buy Rating for Ulta Beauty
• Positive Sentiment: An analyst who had been bearish on Ulta is no longer negative, contributing to a broader improvement in Wall Street sentiment. Ulta maintains a consensus Moderate Buy rating, with the average analyst target materially above recent trading levels. Ulta Beauty Analyst Upgrade
• Positive Sentiment: CEO Kecia Steelman highlighted AI-powered loyalty data, personalized customer engagement and other initiatives intended to support Ulta’s next phase of growth following the Target exit. The strategy could improve marketing efficiency and strengthen customer retention. Ulta Beauty CEO on Target Exit and AI-Powered Loyalty Data
• Neutral Sentiment: A director, Lorna Nagler, sold 600 shares worth approximately $322,000. The transaction reduced her direct holdings by 7.72%, but its relatively small size may have limited implications for the company’s outlook. Lorna Nagler Sells Ulta Beauty Shares
• Negative Sentiment: Ulta is encountering customer opposition to Flock license-plate cameras and other anti-theft measures. Continued criticism could create reputational risk, increase customer dissatisfaction or pressure the retailer to change its security practices. Ulta Beauty Faces Backlash Over Anti-Theft Tool
• Negative Sentiment: The end of the Ulta-Target relationship is raising questions about what will replace Ulta locations in affected stores and whether the company could lose customer reach or sales tied to the partnership. After Ulta and Target Breakup

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.