Ulta Beauty’s (ULTA) Buy Rating Reaffirmed at DA Davidson

DA Davidson reissued their buy rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report report published on Tuesday,Benzinga reports. DA Davidson currently has a $650.00 price target on the specialty retailer’s stock.

Several other analysts have also weighed in on the company. Argus upped their target price on Ulta Beauty from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, January 2nd. Canaccord Genuity Group upped their target price on Ulta Beauty from $674.00 to $799.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Evercore set a $725.00 target price on Ulta Beauty in a report on Wednesday, March 11th. Oppenheimer lowered their target price on Ulta Beauty from $750.00 to $650.00 and set an “outperform” rating on the stock in a report on Friday, March 13th. Finally, UBS Group reissued a “buy” rating and issued a $810.00 target price on shares of Ulta Beauty in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $674.23.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $533.09 on Tuesday. Ulta Beauty has a one year low of $347.48 and a one year high of $714.97. The business has a fifty day moving average of $606.42 and a two-hundred day moving average of $588.10. The company has a market cap of $23.32 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 1.93 and a beta of 0.95.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, March 12th. The specialty retailer reported $8.01 EPS for the quarter, beating analysts’ consensus estimates of $7.93 by $0.08. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company earned $8.46 earnings per share. Ulta Beauty’s quarterly revenue was up 11.8% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.050-28.550 EPS. Sell-side analysts predict that Ulta Beauty will post 23.96 EPS for the current year.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the sale, the director owned 2,383 shares of the company’s stock, valued at approximately $1,285,128.07. This represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Ulta Beauty

Large investors have recently made changes to their positions in the stock. Swedbank AB boosted its stake in shares of Ulta Beauty by 6.7% during the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after acquiring an additional 36,456 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Ulta Beauty by 1.6% during the third quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after acquiring an additional 2,121 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Ulta Beauty during the third quarter valued at $71,997,000. Bowen Hanes & Co. Inc. acquired a new stake in shares of Ulta Beauty during the third quarter valued at $6,012,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Ulta Beauty by 90.1% during the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock valued at $20,037,000 after acquiring an additional 17,365 shares during the last quarter. Institutional investors and hedge funds 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.