Ulta Beauty (NASDAQ:ULTA) Stock Rating Upgraded by BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Ulta Beauty to a “hold” rating, while the broader analyst consensus remains “Moderate Buy,” with an average price target of $624.57.
• Ulta reported quarterly earnings of $6.55 per share and revenue of $3.04 billion, beating analyst estimates; revenue increased 8.9% year over year.
• Ulta shares opened at $535.63, with a $22.90 billion market capitalization and a 52-week trading range of $443.60 to $714.97. Institutional investors own 90.39% of the company.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) was upgraded by analysts at BMO Capital Markets to a "hold" rating in a report issued on Tuesday, Zacks reports.

A number of other analysts have also commented on the company. DA Davidson lifted their price target on Ulta Beauty from $585.00 to $625.00 and gave the company a "buy" rating in a research note on Friday, August 28th. Robert W. Baird dropped their price objective on shares of Ulta Beauty from $730.00 to $700.00 and set an "outperform" rating for the company in a report on Wednesday, June 3rd. Morgan Stanley reduced their target price on shares of Ulta Beauty from $700.00 to $630.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. Jefferies Financial Group restated a "buy" rating and issued a $650.00 price target on shares of Ulta Beauty in a research report on Friday, August 28th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $700.00 price target on shares of Ulta Beauty in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $624.57.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $535.63 on Tuesday. The company's 50 day moving average price is $512.42 and its two-hundred day moving average price is $525.00. The firm has a market capitalization of $22.90 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.62 and a beta of 0.85. Ulta Beauty has a fifty-two week low of $443.60 and a fifty-two week high of $714.97.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $6.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.33. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.99 billion. Ulta Beauty had a net margin of 9.34% and a return on equity of 45.40%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.78 earnings per share. Ulta Beauty has set its FY 2026 guidance at 28.700-29.000 EPS. On average, analysts expect that Ulta Beauty will post 28.94 earnings per share for the current year.

Insider Transactions at Ulta Beauty

In other news, Director George R. Mrkonic, Jr. sold 383 shares of Ulta Beauty stock in a transaction on Monday, June 15th. The shares were sold at an average price of $475.84, for a total value of $182,246.72. Following the completion of the sale, the director owned 2,404 shares in the company, valued at $1,143,919.36. The trade was a 13.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Ulta Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in ULTA. Fideuram Asset Management Ireland dac bought a new position in shares of Ulta Beauty in the 4th quarter worth $25,000. Hilton Head Capital Partners LLC grew its holdings in shares of Ulta Beauty by 860.0% in the first quarter. Hilton Head Capital Partners LLC now owns 48 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 43 shares in the last quarter. Clearstead Trust LLC bought a new position in shares of Ulta Beauty in the second quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new stake in shares of Ulta Beauty during the first quarter valued at approximately $29,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of Ulta Beauty during the 4th quarter valued at $30,000. Institutional investors own 90.39% of the company's stock.

About Ulta Beauty

Ulta Beauty, Inc is a specialty beauty retailer operating under the Ulta Beauty brand. The company sells a broad selection of cosmetics, skincare, haircare, fragrance, bath and body products, and beauty tools across a range of price points. Its merchandise includes both established brands and private-label products, as well as prestige, mass-market and professional beauty offerings.

In addition to retail sales, Ulta Beauty provides services through salon locations within many of its stores, including hair, skin and brow services.

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