Recent Analysts’ Ratings Changes for Ulta Beauty (ULTA)

A number of firms have modified their ratings and price targets on shares of Ulta Beauty (NASDAQ: ULTA) recently:

  • 3/18/2024 – Ulta Beauty had its price target raised by analysts at Raymond James from $575.00 to $630.00. They now have a “strong-buy” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Wells Fargo & Company from $400.00 to $450.00. They now have an “underweight” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Barclays PLC from $583.00 to $612.00. They now have an “overweight” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Piper Sandler from $635.00 to $665.00. They now have an “overweight” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $600.00 price target on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Robert W. Baird from $575.00 to $625.00. They now have an “outperform” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target lowered by analysts at Evercore ISI from $656.00 to $635.00. They now have an “outperform” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at BMO Capital Markets from $485.00 to $540.00. They now have a “market perform” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Stifel Nicolaus from $505.00 to $565.00. They now have a “hold” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Loop Capital from $530.00 to $540.00. They now have a “hold” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Morgan Stanley from $480.00 to $525.00. They now have an “equal weight” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $595.00 price target on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Jefferies Financial Group Inc. from $587.00 to $610.00. They now have a “buy” rating on the stock.
  • 3/15/2024 – Ulta Beauty had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $574.00 to $627.00.
  • 3/5/2024 – Ulta Beauty had its price target raised by analysts at UBS Group AG from $575.00 to $690.00. They now have a “buy” rating on the stock.
  • 2/15/2024 – Ulta Beauty had its price target raised by analysts at JPMorgan Chase & Co. from $535.00 to $600.00. They now have an “overweight” rating on the stock.
  • 2/14/2024 – Ulta Beauty was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $530.00 price target on the stock.

Ulta Beauty Trading Down 0.1 %

NASDAQ ULTA traded down $0.41 on Thursday, reaching $523.55. The stock had a trading volume of 967,528 shares, compared to its average volume of 648,889. The business has a 50 day moving average price of $521.42 and a 200 day moving average price of $458.22. Ulta Beauty, Inc. has a 1 year low of $368.02 and a 1 year high of $574.76. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 2.09 and a beta of 1.31.

Ulta Beauty (NASDAQ:ULTAGet Free Report) last issued its earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter in the previous year, the company posted $6.68 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Ulta Beauty, Inc. will post 26.94 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Ulta Beauty by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Ulta Beauty by 9.5% during the 2nd quarter. BlackRock Inc. now owns 4,236,208 shares of the specialty retailer’s stock worth $1,993,538,000 after acquiring an additional 367,437 shares in the last quarter. State Street Corp lifted its position in shares of Ulta Beauty by 2.3% during the 2nd quarter. State Street Corp now owns 2,043,315 shares of the specialty retailer’s stock worth $961,574,000 after purchasing an additional 45,487 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Ulta Beauty by 0.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,580,071 shares of the specialty retailer’s stock worth $774,220,000 after purchasing an additional 6,094 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Ulta Beauty by 56.7% during the 3rd quarter. Morgan Stanley now owns 1,538,533 shares of the specialty retailer’s stock worth $614,568,000 after purchasing an additional 556,809 shares during the last quarter. Institutional investors own 92.30% of the company’s stock.

Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.

Further Reading

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