Ulta Beauty (NASDAQ:ULTA) Price Target Cut to $731.00 by Analysts at Canaccord Genuity Group

Ulta Beauty (NASDAQ:ULTA) had its price target reduced by Canaccord Genuity Group from $799.00 to $731.00 in a research report sent to investors on Wednesday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the specialty retailer’s stock.

ULTA has been the topic of several other research reports. Bank of America raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective on the stock in a research report on Tuesday, May 5th. TD Cowen started coverage on Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. UBS Group reiterated a “buy” rating and issued a $810.00 target price on shares of Ulta Beauty in a report on Friday, March 13th. Piper Sandler lowered their target price on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Guggenheim initiated coverage on Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $651.27.

Ulta Beauty Price Performance

Shares of ULTA opened at $471.21 on Wednesday. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.61 and a beta of 0.86. Ulta Beauty has a 1 year low of $452.00 and a 1 year high of $714.97. The business’s 50 day simple moving average is $523.41 and its 200-day simple moving average is $585.19.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, beating the consensus estimate of $6.89 by $0.85. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. Ulta Beauty had a return on equity of 43.71% and a net margin of 9.36%.The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, sell-side analysts expect that Ulta Beauty will post 28.49 earnings per share for the current year.

Insider Buying and Selling at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 452 shares of the stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the transaction, the director directly owned 2,383 shares of the company’s stock, valued at approximately $1,285,128.07. This represents a 15.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Fideuram Asset Management Ireland dac purchased a new position in shares of Ulta Beauty in the fourth quarter valued at approximately $25,000. Strengthening Families & Communities LLC lifted its position in shares of Ulta Beauty by 4,200.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 43 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 42 shares in the last quarter. Hilton Head Capital Partners LLC lifted its position in Ulta Beauty by 860.0% during the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer’s stock worth $25,000 after buying an additional 43 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in Ulta Beauty during the fourth quarter worth approximately $30,000. Finally, Steigerwald Gordon & Koch Inc. lifted its position in Ulta Beauty by 2,550.0% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 53 shares of the specialty retailer’s stock worth $32,000 after buying an additional 51 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty News Roundup

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Ulta posted a strong Q1 earnings beat, with revenue and EPS both topping estimates and comparable sales rising 5.3%, showing resilient demand for beauty products. Ulta’s (NASDAQ:ULTA) Q1 CY2026 Sales Top Estimates
• Positive Sentiment: The company lifted FY2026 EPS guidance and maintained a large share repurchase program, which supports earnings power and shareholder returns. Does Ulta’s Raised EPS Outlook And Supergirl Tie-In Change The Bull Case For Ulta Beauty (ULTA)?
• Positive Sentiment: New initiatives such as the Klarna partnership, Supergirl tie-in, expanded delivery, and international growth plans could help Ulta broaden traffic and sales channels. Klarna and Ulta Beauty Partner to Bring Flexible Payments to U.S. Beauty Shoppers
• Neutral Sentiment: Several analysts cut price targets after the report, but most kept bullish ratings, suggesting expectations were reset rather than outright turning negative. Analyst price target updates from JPMorgan, Canaccord, Barclays and Baird
• Negative Sentiment: Some commentary pointed to a “sell-the-news” reaction, with investors uneasy about modest guidance changes, higher spending, and inventory growth that could pressure margins later in the year. Ulta Beauty slides despite strong Q1 results as investors weigh modest guidance changes and cost/inventory signals
• Negative Sentiment: Morning notes from Morgan Stanley flagged concern that limited guidance flow-through from the earnings beat may leave less room for second-half upside. Ulta Beauty’s Limited Guidance Raises Concerns About H2 Earnings Capacity, Morgan Stanley Says

About Ulta Beauty

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.