Ulta Beauty’s (ULTA) Neutral Rating Reaffirmed at Guggenheim

Guggenheim reiterated their neutral rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report released on Friday,Benzinga reports.

ULTA has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, October 8th. Bank of America raised their price target on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Barclays reaffirmed an “overweight” rating and issued a $647.00 price objective on shares of Ulta Beauty in a research report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $640.00 target price (up from $610.00) on shares of Ulta Beauty in a research note on Monday, December 1st. Finally, Robert W. Baird lifted their target price on Ulta Beauty from $600.00 to $670.00 and gave the stock an “outperform” rating in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $560.88.

Ulta Beauty Trading Up 12.7%

Ulta Beauty stock opened at $601.50 on Friday. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $611.90. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.53 and a beta of 0.87. The business’s fifty day simple moving average is $532.44 and its two-hundred day simple moving average is $505.96.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a return on equity of 47.46% and a net margin of 9.93%.The company’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. On average, equities research analysts predict that Ulta Beauty will post 23.96 EPS for the current year.

Hedge Funds Weigh In On Ulta Beauty

Institutional investors and hedge funds have recently modified their holdings of the company. J. Safra Sarasin Holding AG lifted its stake in shares of Ulta Beauty by 167.8% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after buying an additional 2,828 shares in the last quarter. Ascent Group LLC purchased a new stake in Ulta Beauty in the 2nd quarter worth $395,000. Allegiance Financial Group Advisory Services LLC bought a new stake in Ulta Beauty during the second quarter valued at about $306,000. Atria Investments Inc lifted its position in shares of Ulta Beauty by 14.7% in the second quarter. Atria Investments Inc now owns 4,051 shares of the specialty retailer’s stock valued at $1,895,000 after acquiring an additional 518 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Ulta Beauty in the second quarter valued at about $262,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

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.