Ulta Beauty Inc. (NASDAQ:ULTA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ulta Beauty Inc. (NASDAQ:ULTA) have earned a consensus rating of “Moderate Buy” from the twenty-nine ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $607.64.

Several analysts have recently issued reports on the company. TD Cowen raised Ulta Beauty from a “hold” rating to a “buy” rating and increased their target price for the stock from $600.00 to $725.00 in a report on Monday, December 8th. Cowen raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a report on Monday, December 8th. Zacks Research raised shares of Ulta Beauty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. DA Davidson lifted their price objective on shares of Ulta Beauty from $625.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft set a $732.00 price objective on shares of Ulta Beauty in a research report on Thursday, January 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Ulta Beauty by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,353,414 shares of the specialty retailer’s stock valued at $2,926,979,000 after purchasing an additional 33,674 shares in the last quarter. State Street Corp increased its position in 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 purchasing an additional 44,182 shares in the last quarter. Sanders Capital LLC lifted its stake in Ulta Beauty by 8.9% in the 3rd quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock valued at $690,994,000 after purchasing an additional 103,540 shares during the last quarter. Invesco Ltd. boosted its position in Ulta Beauty by 33.6% in the third quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after buying an additional 211,485 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of 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 buying an additional 56,063 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 0.2%

NASDAQ ULTA opened at $663.48 on Thursday. The firm has a 50-day moving average price of $586.82 and a two-hundred day moving average price of $543.17. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $675.65. The company has a market capitalization of $29.43 billion, a P/E ratio of 25.44, a P/E/G ratio of 3.45 and a beta of 0.85.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.61 by $0.53. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities analysts expect that Ulta Beauty will post 23.96 EPS for the current year.

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.