Ulta Beauty’s (ULTA) “Neutral” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their neutral rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report released on Friday,Benzinga reports.

A number of other research analysts have also issued reports on the stock. Oppenheimer boosted their price target on shares of Ulta Beauty from $600.00 to $615.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Evercore ISI increased their target price on Ulta Beauty from $595.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Argus raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target for the company in a report on Thursday, September 25th. Finally, Wells Fargo & Company upped their price objective on Ulta Beauty from $425.00 to $450.00 and gave the stock an “underweight” rating in a report on Thursday, October 16th. Fourteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $562.54.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $601.50 on Friday. The business has a 50 day simple moving average of $532.44 and a 200-day simple moving average of $507.32. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $611.90. The stock has a market capitalization of $26.68 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 3.83 and a beta of 0.87.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. Ulta Beauty’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $5.14 EPS. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. As a group, equities research analysts anticipate that Ulta Beauty will post 23.96 EPS for the current year.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Ulta Beauty by 0.6% in the third quarter. Vanguard Group Inc. now owns 5,353,414 shares of the specialty retailer’s stock valued at $2,926,979,000 after purchasing an additional 33,674 shares during the last quarter. State Street Corp boosted its position in shares of Ulta Beauty by 2.3% in the 3rd quarter. State Street Corp now owns 1,975,260 shares of the specialty retailer’s stock worth $1,079,973,000 after buying an additional 44,182 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Ulta Beauty by 8.9% in the 3rd quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after buying an additional 103,540 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after acquiring an additional 688,267 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Ulta Beauty by 64.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after acquiring an additional 366,147 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.