Ulta Beauty (NASDAQ:ULTA) Reaches New 52-Week High – Should You Buy?

Ulta Beauty Inc. (NASDAQ:ULTA) hit a new 52-week high during trading on Monday . The company traded as high as $697.26 and last traded at $696.9850, with a volume of 47598 shares. The stock had previously closed at $690.37.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ULTA. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Morgan Stanley upped their price objective on shares of Ulta Beauty from $640.00 to $750.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Canaccord Genuity Group increased their target price on shares of Ulta Beauty from $653.00 to $674.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft set a $732.00 target price on shares of Ulta Beauty in a research note on Thursday, January 8th. Finally, Wells Fargo & Company upped their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $626.44.

Ulta Beauty Stock Performance

The company has a market cap of $30.98 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85. The company’s 50 day moving average price is $627.78 and its 200 day moving average price is $561.11.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $0.53. The business 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%. Ulta Beauty’s quarterly revenue was up 12.9% compared to the same quarter last year. 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. On average, equities research analysts forecast that Ulta Beauty Inc. will post 23.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allstate Corp lifted its holdings in Ulta Beauty by 105.7% in the 4th quarter. Allstate Corp now owns 3,248 shares of the specialty retailer’s stock worth $1,965,000 after purchasing an additional 1,669 shares during the last quarter. Summitry LLC grew its holdings in Ulta Beauty by 0.7% during the fourth quarter. Summitry LLC now owns 202,865 shares of the specialty retailer’s stock valued at $122,735,000 after purchasing an additional 1,322 shares during the last quarter. Rooted Wealth Advisors Inc. bought a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $338,000. Optimize Financial Inc lifted its stake in shares of Ulta Beauty by 1.4% in the fourth quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer’s stock worth $711,000 after buying an additional 16 shares during the last quarter. Finally, Genus Capital Management Inc. boosted its holdings in shares of Ulta Beauty by 1,155.8% during the 4th quarter. Genus Capital Management Inc. now owns 18,083 shares of the specialty retailer’s stock worth $10,940,000 after buying an additional 16,643 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.