Ulta Beauty (NASDAQ:ULTA) Raised to Hold at BMO Capital Markets

Ulta Beauty (NASDAQ:ULTA) was upgraded by equities research analysts at BMO Capital Markets to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

ULTA has been the topic of a number of other research reports. Loop Capital reiterated a “hold” rating and issued a $550.00 target price on shares of Ulta Beauty in a research note on Wednesday, June 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research note on Monday, August 31st. Evercore set a $635.00 price objective on shares of Ulta Beauty in a research report on Wednesday, June 3rd. DA Davidson raised their target price on shares of Ulta Beauty from $585.00 to $625.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, B. Riley Financial lowered their price target on Ulta Beauty from $600.00 to $500.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $624.57.

Ulta Beauty Trading Down 1.1%

Shares of NASDAQ:ULTA opened at $535.63 on Tuesday. The company has a market capitalization of $22.90 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.62 and a beta of 0.85. Ulta Beauty has a 12 month low of $443.60 and a 12 month high of $714.97. The firm’s 50-day moving average is $512.42 and its 200 day moving average is $525.00.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.33. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities analysts forecast that Ulta Beauty will post 28.94 EPS for the current fiscal year.

Insider Transactions at Ulta Beauty

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 383 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the transaction, the director owned 2,404 shares of the company’s stock, valued at approximately $1,143,919.36. This trade represents a 13.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ulta Beauty

Hedge funds have recently modified their holdings of the business. Fideuram Asset Management Ireland dac purchased a new position in Ulta Beauty during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC lifted its holdings in Ulta Beauty by 860.0% during the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after buying an additional 43 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in Ulta Beauty during the 4th quarter valued at $30,000. Ascentis Independent Advisors purchased a new position in shares of Ulta Beauty in the 1st quarter valued at $29,000. Finally, Virtus Advisers LLC purchased a new position in shares of Ulta Beauty in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.