Ulta Beauty (NASDAQ:ULTA) Given New $485.00 Price Target at DA Davidson

Ulta Beauty (NASDAQ:ULTA - Free Report) had its price target upped by DA Davidson from $415.00 to $485.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer's stock. DA Davidson also issued estimates for Ulta Beauty's Q2 2026 earnings at $4.69 EPS.

ULTA has been the topic of a number of other reports. Bank of America decreased their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company boosted their target price on Ulta Beauty from $315.00 to $350.00 and gave the company an "underweight" rating in a research report on Friday. Oppenheimer restated an "outperform" rating and set a $465.00 price target (up previously from $435.00) on shares of Ulta Beauty in a report on Tuesday, May 20th. Stifel Nicolaus dropped their price objective on shares of Ulta Beauty from $475.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Finally, UBS Group boosted their price objective on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $454.04.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded up $47.92 on Friday, reaching $469.71. The company's stock had a trading volume of 4,593,456 shares, compared to its average volume of 1,051,937. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $491.98. The company has a market cap of $21.21 billion, a P/E ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06. The company has a 50-day simple moving average of $384.70 and a 200 day simple moving average of $388.02.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.79 billion. During the same period in the prior year, the company earned $6.47 EPS. The business's revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of Ulta Beauty stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds have recently made changes to their positions in ULTA. Smartleaf Asset Management LLC raised its holdings in shares of Ulta Beauty by 28.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 37 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock valued at $2,021,000 after purchasing an additional 3,095 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Ulta Beauty by 7.8% in the 4th quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock worth $1,663,000 after purchasing an additional 288 shares during the period. Buckhead Capital Management LLC lifted its position in shares of Ulta Beauty by 15.6% in the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock worth $5,257,000 after purchasing an additional 1,633 shares during the period. Finally, Coerente Capital Management boosted its stake in shares of Ulta Beauty by 18.8% during the fourth quarter. Coerente Capital Management now owns 36,864 shares of the specialty retailer's stock valued at $16,033,000 after purchasing an additional 5,830 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.