Ulta Beauty Inc. (NASDAQ:ULTA) Receives Consensus Rating of “Moderate Buy” from Analysts

Ulta Beauty Inc. (NASDAQ:ULTA) has received an average recommendation of “Moderate Buy” from the twenty-seven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $638.0909.

A number of research firms have issued reports on ULTA. Loop Capital restated a “hold” rating and set a $550.00 target price on shares of Ulta Beauty in a research report on Wednesday, June 3rd. Barclays dropped their price target on shares of Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Jefferies Financial Group raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and raised their price objective for the company from $635.00 to $700.00 in a research note on Monday, April 20th. Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 target price for the company in a report on Tuesday, May 5th. Finally, Wedbush initiated coverage on shares of Ulta Beauty in a research report on Monday, April 20th. They set an “outperform” rating for the company.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction on Monday, June 15th. The stock was sold at an average price of $475.84, for a total transaction of $182,246.72. Following the completion of the sale, the director directly owned 2,404 shares of the company’s stock, valued at $1,143,919.36. The trade was a 13.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds have recently added to or reduced their stakes in the stock. Gradient Investments LLC boosted its holdings in Ulta Beauty by 1.2% during the second quarter. Gradient Investments LLC now owns 7,935 shares of the specialty retailer’s stock worth $3,579,000 after buying an additional 93 shares during the last quarter. Chesley Taft & Associates LLC grew its position in shares of Ulta Beauty by 175.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 3,227 shares of the specialty retailer’s stock worth $1,455,000 after buying an additional 2,057 shares during the period. Czech National Bank increased its stake in shares of Ulta Beauty by 2.6% in the 2nd quarter. Czech National Bank now owns 12,399 shares of the specialty retailer’s stock valued at $5,592,000 after acquiring an additional 317 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Ulta Beauty by 106.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 98,703 shares of the specialty retailer’s stock valued at $44,513,000 after acquiring an additional 50,966 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in shares of Ulta Beauty by 13.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 484 shares of the specialty retailer’s stock valued at $218,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Stock Performance

NASDAQ ULTA opened at $455.11 on Thursday. The stock has a market capitalization of $19.57 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 1.41 and a beta of 0.88. Ulta Beauty has a 52 week low of $443.60 and a 52 week high of $714.97. The stock has a fifty day moving average of $486.82 and a 200-day moving average of $569.58.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $0.85. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Ulta Beauty had a return on equity of 44.77% and a net margin of 9.36%.The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. Equities research analysts forecast that Ulta Beauty will post 28.76 earnings per share for the current fiscal year.

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.