Ulta Beauty (NASDAQ:ULTA) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Ulta Beauty (NASDAQ:ULTA) in a report published on Friday morning,Zacks reports. The firm issued a strong-buy rating on the specialty retailer’s stock.

A number of other brokerages also recently weighed in on ULTA. Sanford C. Bernstein raised shares of Ulta Beauty to an “outperform” rating in a research note on Tuesday, September 15th. DA Davidson reaffirmed a “buy” rating and set a $625.00 price target on shares of Ulta Beauty in a research report on Monday, September 14th. Citigroup lowered Ulta Beauty from a “neutral” rating to a “market perform” rating in a research report on Tuesday, September 15th. UBS Group set a $631.00 price objective on Ulta Beauty in a research note on Friday, August 28th. Finally, FBN Securities assumed coverage on Ulta Beauty in a research report on Tuesday, September 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $631.30.

Ulta Beauty Price Performance

Shares of ULTA opened at $640.43 on Friday. The business has a 50-day moving average of $564.84 and a 200-day moving average of $554.29. The company has a market capitalization of $27.38 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. Ulta Beauty has a 1 year low of $443.60 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.78 EPS. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, sell-side analysts anticipate that Ulta Beauty will post 28.95 EPS for the current year.

Insider Activity at Ulta Beauty

In other news, CEO Kecia Steelman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the completion of the sale, the chief executive officer owned 40,489 shares in the company, valued at $22,102,135.32. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lorna Nagler sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $537.31, for a total value of $322,386.00. Following the sale, the director owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. This represents a 7.72% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Ulta Beauty

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in Ulta Beauty by 512,509.0% during the third quarter. International Assets Investment Management LLC now owns 6,464,000 shares of the specialty retailer’s stock worth $3,530,443,000 after buying an additional 6,462,739 shares in the last quarter. BlackRock Inc. bought a new position in Ulta Beauty in the 2nd quarter worth about $1,815,712,000. State Street Corp raised its holdings in shares of Ulta Beauty by 1.1% in the 2nd quarter. State Street Corp now owns 2,024,623 shares of the specialty retailer’s stock valued at $913,064,000 after acquiring an additional 22,036 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Ulta Beauty by 2.0% in the 1st quarter. Bank of America Corp DE now owns 598,104 shares of the specialty retailer’s stock valued at $312,635,000 after acquiring an additional 11,591 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ulta Beauty by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 493,209 shares of the specialty retailer’s stock valued at $257,764,000 after acquiring an additional 16,705 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.