Ulta Beauty (NASDAQ:ULTA) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ulta Beauty (NASDAQ:ULTA) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the specialty retailer’s stock.

ULTA has been the subject of a number of other reports. Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Morgan Stanley increased their price target on Ulta Beauty from $600.00 to $640.00 and gave the stock an “overweight” rating in a report on Sunday, December 7th. Oppenheimer set a $675.00 price objective on shares of Ulta Beauty in a research report on Wednesday, December 10th. TD Cowen upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and upped their price objective for the stock from $600.00 to $725.00 in a research report on Monday, December 8th. Finally, Argus lifted their target price on shares of Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $597.24.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $666.18 on Thursday. Ulta Beauty has a 1-year low of $309.01 and a 1-year high of $675.65. The stock has a market cap of $29.55 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.52 and a beta of 0.85. The firm has a fifty day moving average price of $569.17 and a 200 day moving average price of $534.39.

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

Institutional Trading of Ulta Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Ulta Beauty by 0.6% during the third 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 during the period. State Street Corp boosted its stake in shares of Ulta Beauty by 2.3% during the 3rd 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 in the last quarter. Sanders Capital LLC grew its holdings in shares of Ulta Beauty by 8.9% in the 3rd quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after acquiring an additional 103,540 shares during the period. Invesco Ltd. increased its stake in Ulta Beauty by 33.6% in the 3rd 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 in the last quarter. Finally, Marshall Wace LLP raised its holdings in Ulta Beauty by 9.4% during the second quarter. Marshall Wace LLP now owns 654,598 shares of the specialty retailer’s stock worth $306,234,000 after purchasing an additional 56,063 shares during the last quarter. 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.