Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $520.00

Ulta Beauty (NASDAQ:ULTA) had its price target increased by Telsey Advisory Group from $460.00 to $520.00 in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Ulta Beauty’s Q2 2026 earnings at $4.87 EPS, Q3 2026 earnings at $4.29 EPS, Q4 2026 earnings at $7.33 EPS, FY2026 earnings at $23.20 EPS, Q2 2027 earnings at $5.41 EPS, Q3 2027 earnings at $4.77 EPS, Q4 2027 earnings at $8.14 EPS and FY2027 earnings at $25.73 EPS.

A number of other analysts also recently commented on the stock. Truist Financial boosted their target price on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Canaccord Genuity Group dropped their target price on shares of Ulta Beauty from $526.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, May 22nd. Piper Sandler reiterated a “neutral” rating on shares of Ulta Beauty in a report on Thursday, May 15th. B. Riley dropped their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $384.00 to $423.00 in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $454.04.

Ulta Beauty Trading Up 11.4%

Shares of NASDAQ:ULTA opened at $469.71 on Friday. The company has a 50 day moving average of $384.70 and a 200-day moving average of $388.06. Ulta Beauty has a twelve month low of $309.01 and a twelve month high of $491.98. The firm has a market cap of $21.21 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.89 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm earned $6.47 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts forecast that Ulta Beauty will post 23.96 EPS for the current year.

Insider Activity at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Ulta Beauty

Several large investors have recently added to or reduced their stakes in ULTA. Prestige Wealth Management Group LLC grew its position in Ulta Beauty by 121.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 34 shares in the last quarter. American National Bank & Trust bought a new stake in Ulta Beauty in the first quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in Ulta Beauty in the first quarter worth approximately $31,000. Rakuten Securities Inc. grew its position in Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 59 shares in the last quarter. Finally, Edge Capital Group LLC bought a new stake in Ulta Beauty in the fourth quarter worth approximately $33,000. 90.39% of the stock is owned by institutional investors.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.