Analysts Set Ulta Beauty Inc. (NASDAQ:ULTA) Price Target at $671.27

Ulta Beauty Inc. (NASDAQ:ULTA) has earned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $671.2727.

A number of analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lowered their target price on Ulta Beauty from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Piper Sandler reiterated an “overweight” rating and issued a $725.00 price target (down from $775.00) on shares of Ulta Beauty in a research report on Friday, March 13th. Barclays upped their price target on shares of Ulta Beauty from $680.00 to $712.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, Jefferies Financial Group started coverage on shares of Ulta Beauty in a research report on Wednesday, January 14th. They set a “hold” rating and a $700.00 price objective for the company.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $537.39 on Tuesday. Ulta Beauty has a 12-month low of $323.36 and a 12-month high of $714.97. The stock has a market capitalization of $23.51 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.97 and a beta of 0.95. The firm has a 50 day simple moving average of $626.35 and a 200-day simple moving average of $587.20.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, March 12th. The specialty retailer reported $8.01 EPS for the quarter, topping the consensus estimate of $7.93 by $0.08. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous 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 fiscal year.

Institutional Trading of Ulta Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Ulta Beauty during the 3rd quarter valued at $25,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Ulta Beauty during the 4th quarter worth $25,000. Strengthening Families & Communities LLC boosted its stake in shares of Ulta Beauty by 4,200.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 42 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Ulta Beauty in the 4th quarter worth $30,000. 90.39% of the stock is owned by institutional investors and hedge funds.

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.