Shares of Ulta Beauty Inc. (NASDAQ:ULTA – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirty-two ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $627.83.
ULTA has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $650.00 price target on shares of Ulta Beauty in a report on Friday, August 28th. TD Cowen reaffirmed a “buy” rating on shares of Ulta Beauty in a report on Tuesday, July 21st. Citigroup cut Ulta Beauty from a “neutral” rating to a “market perform” rating in a research report on Tuesday, September 15th. UBS Group set a $631.00 target price on Ulta Beauty in a research note on Friday, August 28th. Finally, Royal Bank Of Canada raised Ulta Beauty to an “outperform” rating in a research note on Tuesday, September 15th.
Get Our Latest Report on Ulta Beauty
Insider Buying and Selling at Ulta Beauty
In other Ulta Beauty news, CEO Kecia Steelman sold 2,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $545.88, for a total transaction of $1,091,760.00. Following the sale, the chief executive officer directly owned 40,489 shares in the company, valued at approximately $22,102,135.32. The trade was a 4.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorna Nagler sold 600 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $537.31, for a total transaction of $322,386.00. Following the transaction, the director directly owned 7,168 shares in the company, valued at approximately $3,851,438.08. This trade represents a 7.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by insiders.
Institutional Trading of Ulta Beauty
A number of institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC boosted its position in Ulta Beauty by 12.1% during the 1st quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer’s stock valued at $87,000 after acquiring an additional 18 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Ulta Beauty by 46.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 66 shares of the specialty retailer’s stock worth $36,000 after buying an additional 21 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Ulta Beauty by 0.6% during the second quarter. Concurrent Investment Advisors LLC now owns 3,583 shares of the specialty retailer’s stock valued at $1,616,000 after acquiring an additional 23 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in Ulta Beauty by 22.6% in the first quarter. SJS Investment Consulting Inc. now owns 130 shares of the specialty retailer’s stock valued at $68,000 after acquiring an additional 24 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Ulta Beauty by 3.2% in the first quarter. Venturi Wealth Management LLC now owns 809 shares of the specialty retailer’s stock valued at $423,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Ulta Beauty Stock Performance
Shares of NASDAQ:ULTA opened at $591.62 on Friday. The company has a 50-day simple moving average of $546.59 and a 200-day simple moving average of $517.64. Ulta Beauty has a one year low of $443.60 and a one year high of $714.97. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.77 and a beta of 0.84.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company posted $5.78 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. As a group, research analysts forecast that Ulta Beauty will post 28.95 EPS for the current fiscal year.
About Ulta Beauty
Ulta Beauty, Inc is a specialty beauty retailer that offers cosmetics, skincare, haircare, fragrance, bath and body products, beauty tools, and related accessories. Its assortment includes national and emerging brands, prestige and mass-market products, and Ulta Beauty’s private-label merchandise. The company also provides salon services, including hair styling, haircuts, coloring, and treatments, along with brow and skin services in many of its locations.
Founded in 1990 as Ulta Salon, Cosmetics & Fragrance, the company operates primarily in the United States through a network of retail stores and digital channels, including its website and mobile application.
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