Ulta Beauty (NASDAQ:ULTA) PT Lowered to $500.00 at Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA) had its price objective trimmed by Telsey Advisory Group from $600.00 to $500.00 in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Ulta Beauty’s Q1 2025 earnings at $6.27 EPS, Q2 2025 earnings at $6.02 EPS, FY2025 earnings at $26.54 EPS, Q1 2026 earnings at $6.98 EPS, Q2 2026 earnings at $6.57 EPS, Q3 2026 earnings at $6.04 EPS, Q4 2026 earnings at $9.59 EPS and FY2026 earnings at $29.16 EPS.

A number of other equities analysts have also weighed in on ULTA. Barclays lowered shares of Ulta Beauty from an overweight rating to an equal weight rating and decreased their price objective for the stock from $612.00 to $434.00 in a report on Monday, April 29th. Stifel Nicolaus reduced their price objective on Ulta Beauty from $565.00 to $475.00 and set a hold rating for the company in a report on Tuesday, May 14th. Morgan Stanley upped their target price on shares of Ulta Beauty from $480.00 to $525.00 and gave the company an equal weight rating in a research note on Friday, March 15th. Oppenheimer reduced their price target on shares of Ulta Beauty from $500.00 to $475.00 and set an outperform rating for the company in a research note on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of Moderate Buy and an average price target of $525.86.

Ulta Beauty Price Performance

ULTA traded up $5.64 on Friday, hitting $381.78. The company had a trading volume of 969,385 shares, compared to its average volume of 709,590. Ulta Beauty has a 52-week low of $368.02 and a 52-week high of $574.76. The stock has a fifty day simple moving average of $438.47 and a 200-day simple moving average of $470.35. The firm has a market capitalization of $18.30 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.56 and a beta of 1.36.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating the consensus estimate of $7.49 by $0.59. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.68 earnings per share. Equities research analysts expect that Ulta Beauty will post 26.41 earnings per share for the current fiscal year.

Ulta Beauty announced that its board has authorized a share buyback program on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Ulta Beauty

In related news, COO Kecia Steelman sold 20,950 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.39, for a total transaction of $11,027,870.50. Following the sale, the chief operating officer now directly owns 10,494 shares in the company, valued at approximately $5,523,936.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now directly owns 1,665 shares of the company’s stock, valued at approximately $876,222.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Kecia Steelman sold 20,950 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the sale, the chief operating officer now owns 10,494 shares in the company, valued at approximately $5,523,936.66. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 over the last 90 days. 0.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

A number of large investors have recently added to or reduced their stakes in ULTA. Morgan Stanley boosted its position in Ulta Beauty by 56.7% during the third quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after acquiring an additional 556,809 shares during the last quarter. Northern Trust Corp grew its position in shares of Ulta Beauty by 3.9% in the third quarter. Northern Trust Corp now owns 575,658 shares of the specialty retailer’s stock valued at $229,947,000 after purchasing an additional 21,828 shares during the period. Invesco Ltd. increased its stake in Ulta Beauty by 6.2% in the third quarter. Invesco Ltd. now owns 570,913 shares of the specialty retailer’s stock valued at $228,051,000 after purchasing an additional 33,508 shares during the last quarter. TD Asset Management Inc boosted its stake in Ulta Beauty by 33.6% in the 1st quarter. TD Asset Management Inc now owns 544,072 shares of the specialty retailer’s stock worth $284,484,000 after buying an additional 136,725 shares during the last quarter. Finally, Norges Bank purchased a new stake in Ulta Beauty in the 4th quarter valued at about $263,192,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.