Ulta Beauty (NASDAQ:ULTA) Given New $631.00 Price Target at JPMorgan Chase & Co.

Ulta Beauty (NASDAQ:ULTA) had its target price trimmed by JPMorgan Chase & Co. from $750.00 to $631.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the specialty retailer’s stock.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group decreased their price target on Ulta Beauty from $799.00 to $731.00 and set a “buy” rating for the company in a research note on Wednesday. Zacks Research downgraded Ulta Beauty from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Guggenheim assumed coverage on Ulta Beauty in a research note on Monday, April 20th. They issued a “buy” rating for the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Ulta Beauty in a research note on Tuesday, March 10th. Finally, Barclays decreased their price target on Ulta Beauty from $712.00 to $647.00 and set an “overweight” rating for the company in a research note on Wednesday. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $651.27.

Ulta Beauty Stock Performance

NASDAQ:ULTA opened at $471.21 on Wednesday. The company 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 one year low of $452.00 and a one year high of $714.97. The stock has a 50-day simple moving average of $523.41 and a 200 day simple moving average of $585.19.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. The business had revenue of $3.16 billion during 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 period last year, the firm earned $6.70 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. On average, equities research analysts forecast that Ulta Beauty will post 28.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total value of $243,759.08. Following the completion of the transaction, the director directly owned 2,383 shares in the company, valued at $1,285,128.07. The trade was a 15.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ulta Beauty

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

Key Ulta Beauty News

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

Ulta Beauty Company Profile

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.