Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $775.00 at TD Cowen

Ulta Beauty (NASDAQ:ULTA) had its target price increased by equities researchers at TD Cowen from $725.00 to $775.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price objective points to a potential upside of 13.94% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Oppenheimer increased their price target on shares of Ulta Beauty from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group boosted their price objective on shares of Ulta Beauty from $690.00 to $780.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Telsey Advisory Group reissued an “outperform” rating and set a $640.00 price target (up previously from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. JPMorgan Chase & Co. upped their price objective on shares of Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Finally, Argus increased their target price on Ulta Beauty from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, January 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $620.04.

Ulta Beauty Trading Up 0.7%

ULTA traded up $4.54 on Wednesday, hitting $680.16. The company had a trading volume of 344,105 shares, compared to its average volume of 530,258. The company’s fifty day moving average price is $589.87 and its 200 day moving average price is $544.57. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $695.34. The firm has a market cap of $30.17 billion, a P/E ratio of 26.10, a PEG ratio of 3.45 and a beta of 0.85.

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

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently added to or reduced their stakes in ULTA. Norges Bank bought a new position in shares of Ulta Beauty in the second quarter valued at $258,791,000. Holocene Advisors LP raised its position in shares of Ulta Beauty by 339.6% during the third quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after purchasing an additional 293,516 shares during the period. Andra AP fonden lifted its holdings in shares of Ulta Beauty by 351,900.0% during the third quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock valued at $125,096,000 after purchasing an additional 228,735 shares during the last quarter. Invesco Ltd. boosted its position in shares of Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after purchasing an additional 211,485 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its holdings in shares of Ulta Beauty by 249.8% in the third quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after buying an additional 211,266 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

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.