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

Ulta Beauty (NASDAQ:ULTA) had its price objective hoisted by stock analysts at Robert W. Baird from $600.00 to $670.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 25.48% from the stock’s previous close.

Several other brokerages have also issued reports on ULTA. Bank of America boosted their price objective on Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Jefferies Financial Group upped their target price on Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a report on Tuesday, August 26th. Argus raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target for the company in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group set a $674.00 price objective on Ulta Beauty in a research note on Friday. Fourteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $554.88.

Ulta Beauty Stock Down 1.9%

Ulta Beauty stock opened at $533.95 on Friday. The business’s 50-day simple moving average is $531.45 and its 200 day simple moving average is $504.63. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 3.60 and a beta of 0.87. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.61 by $0.53. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the previous year, the business posted $5.14 EPS. The company’s quarterly revenue 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, sell-side analysts expect that Ulta Beauty will post 23.96 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new stake in shares of Ulta Beauty during the 3rd quarter valued at $25,000. Cary Street Partners Investment Advisory LLC grew its stake in Ulta Beauty by 107.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock worth $25,000 after buying an additional 28 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Ulta Beauty during the 3rd quarter valued at about $31,000. Abich Financial Wealth Management LLC acquired a new position in Ulta Beauty during the 3rd quarter valued at about $31,000. Finally, BOKF NA purchased a new stake in Ulta Beauty in the third quarter valued at about $31,000. 90.39% of the stock is currently owned by 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.