Ulta Beauty (NASDAQ:ULTA) Coverage Initiated by Analysts at TD Cowen

Analysts at TD Cowen began coverage on shares of Ulta Beauty (NASDAQ:ULTA) in a research report issued on Friday, Zacks reports. The brokerage set a “strong-buy” rating on the specialty retailer’s stock.

Several other equities research analysts have also commented on ULTA. Deutsche Bank Aktiengesellschaft upped their price objective on Ulta Beauty from $692.00 to $695.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. FBN Securities initiated coverage on Ulta Beauty in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. UBS Group set a $631.00 target price on Ulta Beauty in a research report on Friday, August 28th. William Blair reissued a “market perform” rating on shares of Ulta Beauty in a report on Friday, August 21st. Finally, Raymond James Financial lowered Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $631.30.

Ulta Beauty Trading Down 1.2%

Shares of NASDAQ ULTA opened at $640.43 on Friday. Ulta Beauty has a 12-month low of $443.60 and a 12-month high of $714.97. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The firm has a 50 day moving average of $564.84 and a 200 day moving average of $554.29.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.33. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Sell-side analysts predict that Ulta Beauty will post 28.95 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

In related news, Director Lorna Nagler sold 600 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $537.31, for a total value of $322,386.00. Following the completion of the transaction, the director owned 7,168 shares of the company’s stock, valued at approximately $3,851,438.08. This represents a 7.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kecia Steelman sold 2,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $545.88, for a total value of $1,091,760.00. Following the completion of the sale, the chief executive officer owned 40,489 shares of the company’s stock, valued at $22,102,135.32. The trade was a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ulta Beauty

Large investors have recently made changes to their positions in the business. Integrity Alliance LLC. raised its stake in Ulta Beauty by 3.2% during the 3rd quarter. Integrity Alliance LLC. now owns 615 shares of the specialty retailer’s stock valued at $336,000 after purchasing an additional 19 shares during the period. Gallacher Capital Management LLC purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $315,000. First Nebraska Trust Co purchased a new position in Ulta Beauty in the 3rd quarter worth approximately $253,000. Evergreen Private Wealth LLC lifted its holdings in Ulta Beauty by 3.9% in the 3rd quarter. Evergreen Private Wealth LLC now owns 11,420 shares of the specialty retailer’s stock worth $6,237,000 after purchasing an additional 433 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management bought a new position in Ulta Beauty in the 3rd quarter worth approximately $250,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.

Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.