Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $485.00 at DA Davidson

Ulta Beauty (NASDAQ:ULTA) had its price target increased by DA Davidson from $415.00 to $485.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock. DA Davidson also issued estimates for Ulta Beauty’s Q2 2026 earnings at $4.69 EPS.

Several other brokerages have also recently issued reports on ULTA. The Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets lowered their price objective on shares of Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Truist Financial raised their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $465.00 target price (up from $435.00) on shares of Ulta Beauty in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $454.04.

Ulta Beauty Price Performance

Shares of ULTA opened at $469.71 on Friday. The firm’s 50 day moving average is $384.70 and its 200-day moving average is $388.06. The stock has a market capitalization of $21.21 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $491.98.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.47 EPS. As a group, equities research analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. This trade represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Ulta Beauty

Several institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of Ulta Beauty during the first quarter worth approximately $15,211,000. Advisors Capital Management LLC lifted its stake in Ulta Beauty by 18.5% in the first quarter. Advisors Capital Management LLC now owns 41,184 shares of the specialty retailer’s stock valued at $15,096,000 after acquiring an additional 6,441 shares during the last quarter. Mattson Financial Services LLC lifted its stake in Ulta Beauty by 25.4% in the first quarter. Mattson Financial Services LLC now owns 410 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 83 shares during the last quarter. Intech Investment Management LLC lifted its stake in Ulta Beauty by 48.9% in the first quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $1,758,000 after acquiring an additional 1,574 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in Ulta Beauty by 231.6% in the first quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after acquiring an additional 2,615 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About Ulta Beauty

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.