Ulta Beauty (NASDAQ:ULTA) Rating Increased to Buy at TD Cowen

Ulta Beauty (NASDAQ:ULTA) was upgraded by TD Cowen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a $725.00 price target on the specialty retailer’s stock, up from their previous price target of $600.00. TD Cowen’s target price indicates a potential upside of 20.53% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $640.00 price target (up from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Guggenheim restated a “neutral” rating on shares of Ulta Beauty in a research note on Friday. Wall Street Zen lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research report on Thursday, October 16th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $572.75.

Ulta Beauty Stock Up 12.7%

NASDAQ ULTA opened at $601.50 on Monday. The company has a fifty day moving average of $532.44 and a two-hundred day moving average of $507.32. The firm has a market capitalization of $26.68 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 3.83 and a beta of 0.87. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $611.90.

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, topping the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities research analysts anticipate that Ulta Beauty will post 23.96 EPS for the current year.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP lifted its stake in shares of Ulta Beauty by 27.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the specialty retailer’s stock worth $292,000 after acquiring an additional 116 shares during the period. Swiss Life Asset Management Ltd lifted its position in Ulta Beauty by 48.5% in the third quarter. Swiss Life Asset Management Ltd now owns 23,591 shares of the specialty retailer’s stock valued at $12,898,000 after purchasing an additional 7,702 shares during the period. Groupama Asset Managment purchased a new stake in Ulta Beauty in the 3rd quarter valued at approximately $506,000. CIBC Bancorp USA Inc. acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $3,390,000. Finally, Coldstream Capital Management Inc. raised its stake in shares of Ulta Beauty by 14.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,455 shares of the specialty retailer’s stock worth $796,000 after buying an additional 179 shares in the last quarter. 90.39% of the stock is 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.