Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its target price hoisted by equities research analysts at Raymond James Financial from $647.00 to $800.00 in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a “strong-buy” rating on the specialty retailer’s stock. Raymond James Financial’s price objective points to a potential upside of 17.15% from the company’s current price.

A number of other research firms have also recently weighed in on ULTA. Barclays reissued an “overweight” rating and issued a $680.00 target price on shares of Ulta Beauty in a research note on Tuesday, January 6th. TD Cowen raised their target price on Ulta Beauty from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Finally, Bank of America lifted their price objective on Ulta Beauty from $610.00 to $685.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $626.84.

Ulta Beauty Trading Down 1.4%

ULTA opened at $682.89 on Friday. The stock’s 50 day simple moving average is $649.79 and its 200-day simple moving average is $572.83. The stock has a market cap of $30.29 billion, a PE ratio of 26.18, a P/E/G ratio of 3.19 and a beta of 0.85. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $714.97.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 4th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.61 by $0.53. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Ulta Beauty had a return on equity of 46.33% and a net margin of 9.93%.Ulta Beauty’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $5.14 earnings per share. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities analysts forecast that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently added to or reduced their stakes in ULTA. Fideuram Asset Management Ireland dac bought a new stake in shares of Ulta Beauty during the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC boosted its position in Ulta Beauty by 4,200.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 42 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Ulta Beauty during the third quarter worth $25,000. Steigerwald Gordon & Koch Inc. raised its position in shares of Ulta Beauty by 2,550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 51 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 28 shares during the period. Institutional investors own 90.39% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.