Ulta Beauty (NASDAQ:ULTA) Given New $610.00 Price Target at Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA) had its price objective boosted by Telsey Advisory Group from $590.00 to $610.00 in a research note published on Tuesday morning,Briefing.com Automated Import reports. They currently have an outperform rating on the specialty retailer’s stock. Telsey Advisory Group also issued estimates for Ulta Beauty’s Q3 2026 earnings at $4.39 EPS, Q4 2026 earnings at $7.40 EPS, FY2026 earnings at $24.30 EPS, Q1 2027 earnings at $7.38 EPS, Q3 2027 earnings at $4.98 EPS and FY2027 earnings at $26.88 EPS.

Other equities analysts also recently issued research reports about the company. DA Davidson raised their target price on Ulta Beauty from $585.00 to $625.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Evercore ISI raised their price objective on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $437.00 target price (up previously from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Truist Financial raised their price target on shares of Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $536.75.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA opened at $532.52 on Tuesday. The business’s 50 day moving average price is $500.78 and its 200-day moving average price is $429.22. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $538.59. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.88 and a beta of 1.06.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.03 by $0.75. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $5.30 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Ulta Beauty will post 23.96 earnings per share for the current year.

Institutional Trading of Ulta Beauty

Hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Ulta Beauty by 128.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock worth $341,453,000 after acquiring an additional 366,147 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ulta Beauty by 81.7% during the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after acquiring an additional 410,900 shares during the period. Invesco Ltd. grew its position in Ulta Beauty by 10.9% in the 1st quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock valued at $298,231,000 after acquiring an additional 79,666 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Ulta Beauty by 1.4% in the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock valued at $285,123,000 after acquiring an additional 9,291 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

About Ulta Beauty

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.