Ulta Beauty (NASDAQ:ULTA) Given New $647.00 Price Target at Barclays

Ulta Beauty (NASDAQ:ULTA) had its price objective trimmed by Barclays from $712.00 to $647.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an overweight rating on the specialty retailer’s stock.

Other research analysts have also issued research reports about the stock. William Blair reiterated a “market perform” rating on shares of Ulta Beauty in a research note on Monday, March 9th. Morgan Stanley cut their price objective on shares of Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday. Guggenheim began coverage on shares of Ulta Beauty in a report on Monday, April 20th. They issued a “buy” rating for the company. Evercore set a $725.00 price objective on shares of Ulta Beauty in a report on Wednesday, March 11th. Finally, Bank of America raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective for the company in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $651.27.

Ulta Beauty Stock Performance

Shares of ULTA opened at $471.21 on Wednesday. Ulta Beauty has a 52 week low of $452.00 and a 52 week high of $714.97. The firm has a market cap of $20.53 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.61 and a beta of 0.86. The firm’s 50-day simple moving average is $523.41 and its 200 day simple moving average is $585.19.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $0.85. Ulta Beauty had a net margin of 9.36% and a return on equity of 43.71%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the business earned $6.70 EPS. Ulta Beauty’s quarterly revenue was up 11.1% on a year-over-year basis. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities analysts forecast 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 company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $539.29, for a total transaction of $243,759.08. Following the completion of the sale, the director owned 2,383 shares of the company’s stock, valued at approximately $1,285,128.07. This represents a 15.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Ulta Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ulta Beauty by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,376,848 shares of the specialty retailer’s stock worth $3,253,047,000 after acquiring an additional 23,434 shares during the period. State Street Corp lifted its holdings in shares of Ulta Beauty by 2.5% during the 4th quarter. State Street Corp now owns 2,025,565 shares of the specialty retailer’s stock worth $1,225,487,000 after acquiring an additional 50,305 shares during the period. Diamant Asset Management Inc. lifted its holdings in shares of Ulta Beauty by 52,171.0% during the 1st quarter. Diamant Asset Management Inc. now owns 1,474,042 shares of the specialty retailer’s stock worth $77,050,000 after acquiring an additional 1,471,222 shares during the period. Sanders Capital LLC lifted its holdings in shares of Ulta Beauty by 8.9% during the 3rd quarter. Sanders Capital LLC now owns 1,263,820 shares of the specialty retailer’s stock worth $690,994,000 after acquiring an additional 103,540 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Ulta Beauty by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,240,210 shares of the specialty retailer’s stock worth $747,587,000 after acquiring an additional 21,947 shares during the period. Institutional investors own 90.39% of the company’s stock.

Key Stories Impacting Ulta Beauty

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.