Analysts Set Ulta Beauty Inc. (NASDAQ:ULTA) Price Target at $638.09

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have earned an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nineteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $638.0909.

Several research analysts recently weighed in on the company. Barclays dropped their price target on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. UBS Group dropped their target price on Ulta Beauty from $810.00 to $735.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. TD Cowen reissued a “buy” rating on shares of Ulta Beauty in a research report on Tuesday, July 21st. B. Riley Financial decreased 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. Finally, Loop Capital reaffirmed a “hold” rating and set a $550.00 price objective on shares of Ulta Beauty in a research report on Wednesday, June 3rd.

Insider Activity at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the transaction, the director directly owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This represents a 13.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ULTA. BlackRock Inc. acquired a new position in shares of Ulta Beauty during the 2nd quarter worth $1,815,712,000. Diamant Asset Management Inc. lifted its stake in shares of Ulta Beauty by 52,171.0% in the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after purchasing an additional 1,471,222 shares during the last quarter. Norges Bank acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $430,963,000. Deutsche Bank AG bought a new stake in Ulta Beauty in the second quarter worth $124,784,000. Finally, Bank of New York Mellon Corp bought a new stake in Ulta Beauty in the second quarter worth $105,317,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Trading Up 4.9%

NASDAQ ULTA opened at $565.15 on Monday. The stock’s 50-day moving average price is $480.58 and its two-hundred day moving average price is $549.47. The company has a market cap of $24.30 billion, a PE ratio of 21.19, a PEG ratio of 1.68 and a beta of 0.87. Ulta Beauty has a 1 year low of $443.60 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping the consensus estimate of $6.89 by $0.85. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Research analysts forecast that Ulta Beauty will post 28.77 EPS for the current fiscal year.

About Ulta Beauty

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.