Ulta Beauty Inc. (NASDAQ:ULTA) Stock Has Consensus Target Price of $627.83 According to Brokerages

Ulta Beauty Inc. (NASDAQ:ULTA) has been given a consensus recommendation of “Moderate Buy” by the thirty-two research firms that are currently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $627.83.

Several research analysts have commented on the stock. UBS Group set a $631.00 price objective on shares of Ulta Beauty in a report on Friday, August 28th. Raymond James Financial lowered shares of Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, September 15th. BMO Capital Markets assumed coverage on shares of Ulta Beauty in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $580.00 price target for the company. DA Davidson restated a “buy” rating and issued a $625.00 price objective on shares of Ulta Beauty in a report on Monday, September 14th. Finally, Robert W. Baird reduced their target price on Ulta Beauty from $730.00 to $700.00 and set an “outperform” rating on the stock in a report on Wednesday, June 3rd.

Insider Activity at Ulta Beauty

In related news, Director Lorna Nagler sold 600 shares of Ulta Beauty stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $537.31, for a total transaction of $322,386.00. Following the sale, the director directly owned 7,168 shares in the company, valued at $3,851,438.08. The trade was a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kecia Steelman sold 2,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total value of $1,091,760.00. Following the completion of the sale, the chief executive officer directly owned 40,489 shares in the company, valued at approximately $22,102,135.32. The trade was a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Institutional Trading of Ulta Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of ULTA. Norges Bank purchased a new position in Ulta Beauty during the fourth quarter valued at $430,963,000. Janney Montgomery Scott LLC raised its position in Ulta Beauty by 97.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,739 shares of the specialty retailer’s stock worth $18,681,000 after buying an additional 17,625 shares during the last quarter. Oxbow Advisors LLC bought a new position in Ulta Beauty during the 1st quarter valued at about $3,024,000. Vise Technologies Inc. purchased a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $1,033,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Ulta Beauty in the second quarter worth approximately $8,311,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $545.20 on Tuesday. Ulta Beauty has a 1 year low of $443.60 and a 1 year high of $714.97. The stock has a market capitalization of $23.31 billion, a PE ratio of 19.87, a PEG ratio of 1.63 and a beta of 0.85. The business’s 50-day moving average is $530.13 and its 200 day moving average is $516.27.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%.The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business posted $5.78 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities research analysts anticipate that Ulta Beauty will post 28.95 earnings per share for the current year.

About Ulta Beauty

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.