Ulta Beauty (NASDAQ:ULTA) Earns Outperform Rating from Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a report issued on Monday, Marketbeat.com reports. They presently have a $640.00 target price on the specialty retailer’s stock, up from their previous target price of $610.00. Telsey Advisory Group’s price objective would indicate a potential upside of 19.86% from the stock’s current price. Telsey Advisory Group also issued estimates for Ulta Beauty’s Q3 2026 earnings at $4.58 EPS, Q4 2026 earnings at $7.43 EPS, FY2026 earnings at $24.52 EPS, Q3 2027 earnings at $5.18 EPS, Q4 2027 earnings at $8.18 EPS and FY2027 earnings at $27.12 EPS.

Other analysts have also issued research reports about the company. Evercore ISI raised their target price on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Robert W. Baird increased their price objective on Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Cowen reaffirmed a “hold” rating on shares of Ulta Beauty in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a “hold” rating in a report on Tuesday, August 26th. Fourteen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $556.54.

Ulta Beauty Stock Down 1.9%

Shares of ULTA opened at $533.95 on Monday. The firm has a market cap of $23.94 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 3.60 and a beta of 0.87. The company’s fifty day moving average is $531.45 and its 200-day moving average is $504.63. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $5.14 earnings per share. Ulta Beauty’s revenue for the quarter was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, research analysts predict that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds have recently made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC boosted its position in shares of Ulta Beauty by 107.7% during the 2nd 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 in the last quarter. Harbor Capital Advisors Inc. bought a new position in Ulta Beauty during the third quarter worth about $25,000. Hemington Wealth Management boosted its holdings in Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Ulta Beauty during the third quarter valued at approximately $31,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.