Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $799.00

Ulta Beauty (NASDAQ:ULTA) had its price target raised by Canaccord Genuity Group from $674.00 to $799.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Several other equities analysts have also issued reports on ULTA. Argus boosted their price objective on Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 2nd. Guggenheim restated a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $450.00 to $500.00 and gave the company an “underweight” rating in a research note on Monday. Jefferies Financial Group assumed coverage on shares of Ulta Beauty in a report on Wednesday, January 14th. They issued a “hold” rating and a $700.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $638.12.

Ulta Beauty Trading Down 4.3%

ULTA stock opened at $624.70 on Tuesday. The business’s 50-day moving average price is $667.28 and its two-hundred day moving average price is $586.77. The firm has a market cap of $27.71 billion, a PE ratio of 23.95, a P/E/G ratio of 3.04 and a beta of 0.82. Ulta Beauty has a 1-year low of $309.01 and a 1-year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 12th. The specialty retailer reported $8.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.93 by $0.08. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.81 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 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $8.46 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. On average, analysts forecast that Ulta Beauty will post 23.96 earnings per share for the current year.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Focus Partners Wealth boosted its stake in shares of Ulta Beauty by 231.6% during the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock worth $1,372,000 after buying an additional 2,615 shares during the last quarter. Intech Investment Management LLC increased its position in shares of 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. Sivia Capital Partners LLC bought a new stake in Ulta Beauty during the second quarter worth about $466,000. Fox Run Management L.L.C. bought a new stake in Ulta Beauty during the second quarter worth about $357,000. Finally, AE Wealth Management LLC acquired a new position in Ulta Beauty during the second quarter valued at approximately $284,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Q4 topline beat and healthy same‑store sales: net sales were $3.90B (+11.8% YoY) and comps improved, showing demand resilience. Ulta Q4 press release
• Positive Sentiment: EPS roughly in line/beat consensus (reported $8.01) and operating cash flow strengthened, which supports reinvestment and the balance sheet. Zacks: Q4 EPS
• Neutral Sentiment: Mixed analyst backdrop and price targets remain wide — many bullish targets but some lower ones, leaving room for divergent reactions to the print. QuiverQuant: analyst and target context
• Neutral Sentiment: New product/brand catalysts (e.g., Selena Gomez launch and promotional events) could help sales execution but are longer‑dated positives. MSN: Selena Gomez catalyst
• Negative Sentiment: Investors focused on margin pressure: operating margin compressed and Q4 EPS declined year‑over‑year despite revenue growth, driven by higher SG&A, incentives and marketing. QuiverQuant: margin details
• Negative Sentiment: Cautious FY2026 outlook and increased marketing spend: management signaled slower growth/more selective consumer spending and guided in a way that traders read as conservative, prompting the sell‑off. Reuters: guidance and ad spend
• Negative Sentiment: Balance‑sheet & investment signals: capex rose sharply and cash declined YoY, indicating heavier reinvestment that could depress near‑term margins if sales decelerate. QuiverQuant: capex and cash

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.