Ulta Beauty (NASDAQ:ULTA) Stock Price Target Raised at Citigroup

Posted by Geri Gentry on Nov 6th, 2026

Ulta Beauty (NASDAQ:ULTA – Get Free Report) had its target price boosted by equities research analysts at Citigroup from $580.00 to $685.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Citigroup‘s target price indicates a potential upside of 6.11% from the company’s previous close.

Other research analysts have also issued reports about the company. Barclays dropped their target price on Ulta Beauty from $647.00 to $645.00 and set an “overweight” rating on the stock in a research report on Friday, August 28th. Guggenheim assumed coverage on Ulta Beauty in a report on Tuesday, September 15th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Ulta Beauty from $692.00 to $695.00 and gave the company a “buy” rating in a research note on Tuesday, August 25th. Raymond James Financial downgraded Ulta Beauty from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, September 15th. Finally, BMO Capital Markets began coverage on shares of Ulta Beauty in a research report on Tuesday, September 8th. They set a “market perform” rating and a $580.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $635.87.

View Our Latest Analysis on Ulta Beauty

Ulta Beauty Stock Down 0.7%

Shares of Ulta Beauty stock traded down $4.23 on Friday, hitting $645.57. 232,836 shares of the company traded hands, compared to its average volume of 654,407. The company has a 50-day moving average price of $573.69 and a 200 day moving average price of $553.92. Ulta Beauty has a 12-month low of $443.60 and a 12-month high of $714.97. The company has a market cap of $27.60 billion, a PE ratio of 23.53, a PEG ratio of 1.97 and a beta of 0.83.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.33. Ulta Beauty had a return on equity of 45.40% and a net margin of 9.34%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $5.78 earnings per share. Ulta Beauty’s quarterly revenue was up 8.9% compared to the same quarter last year. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. Equities research analysts anticipate that Ulta Beauty will post 28.95 EPS for the current year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, Director Lorna Nagler sold 600 shares of the stock in a transaction on Friday, September 11th. The shares were 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 of the company’s stock, valued at $3,851,438.08. This represents a 7.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kecia Steelman sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $545.88, for a total value of $1,091,760.00. Following the transaction, the chief executive officer owned 40,489 shares in the company, valued at approximately $22,102,135.32. This trade represents a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in Ulta Beauty by 512,509.0% during the third quarter. International Assets Investment Management LLC now owns 6,464,000 shares of the specialty retailer’s stock worth $3,530,443,000 after purchasing an additional 6,462,739 shares during the period. BlackRock Inc. acquired a new position in Ulta Beauty during the second quarter valued at approximately $1,815,712,000. State Street Corp raised its position in shares of Ulta Beauty by 1.1% in the second quarter. State Street Corp now owns 2,024,623 shares of the specialty retailer’s stock valued at $913,064,000 after purchasing an additional 22,036 shares during the period. Bank of America Corp DE raised its position in shares of Ulta Beauty by 2.0% in the first quarter. Bank of America Corp DE now owns 598,104 shares of the specialty retailer’s stock valued at $312,635,000 after purchasing an additional 11,591 shares during the period. Finally, Amundi lifted its stake in shares of Ulta Beauty by 14.3% in the second quarter. Amundi now owns 544,686 shares of the specialty retailer’s stock worth $245,642,000 after buying an additional 68,205 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

About Ulta Beauty

(Get Free Report)

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.