Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $640.00

Ulta Beauty (NASDAQ:ULTA) had its price objective raised by investment analysts at UBS Group from $525.00 to $640.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the specialty retailer’s stock. UBS Group’s price target indicates a potential upside of 20.87% from the company’s current price.

ULTA has been the topic of a number of other reports. Robert W. Baird raised their price objective on shares of Ulta Beauty from $440.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Wells Fargo & Company raised their price objective on shares of Ulta Beauty from $350.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, August 15th. Raymond James Financial reaffirmed an “outperform” rating on shares of Ulta Beauty in a research note on Thursday, August 14th. Piper Sandler reissued a “neutral” rating and set a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Thirteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ulta Beauty currently has a consensus rating of “Hold” and a consensus price target of $487.96.

Ulta Beauty Trading Up 1.8%

Shares of NASDAQ ULTA opened at $529.50 on Thursday. The firm has a market capitalization of $23.80 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.12. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $534.10. The firm’s 50-day moving average is $494.13 and its 200-day moving average is $422.14.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the firm earned $6.47 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. As a group, equities research analysts anticipate that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares during the period. Hemington Wealth Management boosted its holdings in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 40 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Ulta Beauty in the second quarter valued at approximately $35,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Ulta Beauty by 52.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 26 shares during the period. Finally, American National Bank & Trust acquired a new position in shares of Ulta Beauty in the first quarter valued at approximately $29,000. Institutional investors own 90.39% of the company’s stock.

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.