Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $625.00

Ulta Beauty (NASDAQ:ULTA) had its target price raised by analysts at DA Davidson from $585.00 to $625.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price objective would indicate a potential upside of 23.93% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays reissued an “overweight” rating and issued a $645.00 price objective on shares of Ulta Beauty in a research report on Friday. William Blair reaffirmed a “market perform” rating on shares of Ulta Beauty in a research report on Friday, August 21st. Wells Fargo & Company decreased their price target on shares of Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating for the company in a research report on Wednesday, June 3rd. Bank of America lowered their price target on Ulta Beauty from $685.00 to $650.00 and set a “buy” rating for the company in a report on Friday. Finally, Piper Sandler cut their price objective on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $629.27.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded down $35.80 during trading on Friday, reaching $504.30. 468,379 shares of the stock were exchanged, compared to its average volume of 691,763. The firm’s 50-day moving average price is $496.33 and its 200 day moving average price is $534.86. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.87. Ulta Beauty has a 12-month low of $443.60 and a 12-month high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 EPS for the quarter, beating the consensus estimate of $6.20 by $0.35. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. Ulta Beauty had a net margin of 9.36% and a return on equity of 44.77%. Ulta Beauty’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, equities research analysts forecast that Ulta Beauty will post 28.77 EPS for the current year.

Insiders Place Their Bets

In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total transaction of $182,246.72. Following the sale, the director owned 2,404 shares of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Ulta Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in shares of Ulta Beauty by 43,592.1% during the second quarter. California State Teachers Retirement System now owns 29,433,210 shares of the specialty retailer’s stock valued at $13,273,789,000 after acquiring an additional 29,365,845 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Ulta Beauty in the second quarter worth about $1,815,712,000. Diamant Asset Management Inc. boosted its holdings in Ulta Beauty by 52,171.0% in the first quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock valued at $77,050,000 after purchasing an additional 1,471,222 shares during the last quarter. Norges Bank purchased a new position in Ulta Beauty in the fourth quarter valued at about $430,963,000. Finally, Bank of America Corp DE acquired a new stake in Ulta Beauty during the 2nd quarter valued at approximately $260,192,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty News Summary

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Ulta exceeded expectations with fiscal Q2 EPS of $6.55 versus the approximately $6.20 consensus and revenue of $3.04 billion versus estimates near $2.99 billion. Revenue rose 8.9% year over year, while EPS increased 13.3%. Ulta Beauty Announces Second Quarter Fiscal 2026 Results and Raises Fiscal 2026 Guidance
• Positive Sentiment: Management raised fiscal 2026 guidance to $28.70-$29.00 in EPS and approximately $13.2-$13.3 billion in revenue, reflecting continued demand for beauty products and growth from marketing, product investments and international expansion. Ulta Beauty Raises Forecast as Sales Grow
• Positive Sentiment: Ulta increased its planned share repurchases to $1.8 billion, potentially supporting EPS and signaling confidence in cash generation. Operating cash flow also increased 24% year over year to $119.7 million. Ulta Beauty Gears Up For Holiday Season, Sees Weaker Q3 Vs Q4 Comparables
• Neutral Sentiment: Analysts maintain an overall “Moderate Buy” view, with a median price target around $635. Bank of America, however, lowered its target from $685 to $650 while retaining a Buy rating, suggesting optimism but more measured upside expectations. Ulta Beauty Analyst Forecasts
• Negative Sentiment: Near-term sentiment is pressured by expectations for weaker third-quarter comparisons ahead of the holiday season, signs of consumer fatigue and intensifying competition, including Target’s expanding prestige-beauty offering. Ulta Beauty Continues to Outperform Despite Signs of Consumer Fatigue

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.