Analysts Set Ulta Beauty Inc. (NASDAQ:ULTA) Price Target at $626.44

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have earned a consensus recommendation of “Moderate Buy” from the twenty-eight analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $626.44.

ULTA has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $775.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 27th. Barclays reissued an “overweight” rating and issued a $680.00 price target on shares of Ulta Beauty in a report on Tuesday, January 6th. Robert W. Baird set a $700.00 price target on shares of Ulta Beauty in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft set a $732.00 price objective on Ulta Beauty in a research note on Thursday, January 8th. Finally, Jefferies Financial Group started coverage on Ulta Beauty in a report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price target on the stock.

Institutional Trading of Ulta Beauty

A number of hedge funds have recently made changes to their positions in the stock. Brown Advisory Inc. bought a new stake in Ulta Beauty during the fourth quarter worth about $5,092,000. Baldwin Investment Management LLC grew its position in Ulta Beauty by 2.9% during the fourth quarter. Baldwin Investment Management LLC now owns 3,389 shares of the specialty retailer’s stock valued at $2,050,000 after acquiring an additional 96 shares during the last quarter. Agman Capital LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth approximately $4,308,000. Aigen Investment Management LP bought a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $741,000. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Ulta Beauty by 7.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 825 shares of the specialty retailer’s stock valued at $499,000 after purchasing an additional 58 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $683.40 on Monday. The stock has a market capitalization of $30.32 billion, a P/E ratio of 26.20, a P/E/G ratio of 3.19 and a beta of 0.85. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $700.81. The stock’s 50-day simple moving average is $640.45 and its 200 day simple moving average is $566.95.

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

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.