Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, DA Davidson Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its target price hoisted by analysts at DA Davidson from $625.00 to $650.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price objective points to a potential upside of 8.06% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a report on Friday, August 29th. Jefferies Financial Group upped their target price on Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Morgan Stanley boosted their price objective on Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Argus raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 target price for the company in a research note on Thursday, September 25th. Finally, Citigroup lifted their price objective on shares of Ulta Beauty from $450.00 to $550.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Fourteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $560.88.

Ulta Beauty Trading Up 12.7%

ULTA opened at $601.50 on Friday. The business’s 50 day moving average is $532.44 and its 200-day moving average is $506.60. The stock has a market cap of $26.97 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.97 and a beta of 0.87. Ulta Beauty has a twelve month low of $309.01 and a twelve month high of $611.90.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, beating the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 47.46% and a net margin of 9.93%.The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, analysts forecast that Ulta Beauty will post 23.96 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Ulta Beauty by 128.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock worth $449,021,000 after acquiring an additional 688,267 shares during the period. Norges Bank purchased a new stake in shares of Ulta Beauty in the second quarter worth approximately $258,791,000. JPMorgan Chase & Co. boosted its holdings in shares of Ulta Beauty by 81.7% during the first quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock worth $334,871,000 after purchasing an additional 410,900 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after purchasing an additional 366,147 shares in the last quarter. Finally, Holocene Advisors LP grew its position in Ulta Beauty by 339.6% during the third quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock valued at $207,732,000 after purchasing an additional 293,516 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.