Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, Bank of America Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its target price upped by research analysts at Bank of America from $610.00 to $685.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. Bank of America‘s target price points to a potential upside of 4.52% from the company’s current price.

Other research analysts also recently issued reports about the company. Robert W. Baird set a $700.00 price target on Ulta Beauty in a research report on Wednesday, December 17th. Barclays reaffirmed an “overweight” rating and set a $680.00 target price on shares of Ulta Beauty in a research report on Tuesday. Guggenheim reissued a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Morgan Stanley boosted their price objective on shares of Ulta Beauty from $600.00 to $640.00 and gave the stock an “overweight” rating in a report on Sunday, December 7th. Finally, UBS Group upped their price target on Ulta Beauty from $690.00 to $780.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.63.

Ulta Beauty Trading Up 0.8%

NASDAQ ULTA opened at $655.36 on Thursday. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $658.20. The company has a fifty day simple moving average of $563.29 and a 200 day simple moving average of $531.68. The company has a market cap of $29.07 billion, a P/E ratio of 25.13, a P/E/G ratio of 3.43 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities research analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Trading of Ulta Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Ulta Beauty by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,353,414 shares of the specialty retailer’s stock worth $2,926,979,000 after buying an additional 33,674 shares in the last quarter. State Street Corp raised its stake in shares of Ulta Beauty by 2.3% in the third quarter. State Street Corp now owns 1,975,260 shares of the specialty retailer’s stock worth $1,079,973,000 after acquiring an additional 44,182 shares during the last quarter. Sanders Capital LLC lifted its position in shares of Ulta Beauty by 8.9% during the third quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after purchasing an additional 103,540 shares in the last quarter. Invesco Ltd. grew its stake in shares of Ulta Beauty by 33.6% during the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after purchasing an additional 211,485 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Ulta Beauty by 9.4% in the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock valued at $306,234,000 after purchasing an additional 56,063 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

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.