Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $520.00 at Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA - Get Free Report) had its target price lifted by analysts at Telsey Advisory Group from $460.00 to $520.00 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has an "outperform" rating on the specialty retailer's stock. Telsey Advisory Group's price target points to a potential upside of 10.71% from the company's previous close. Telsey Advisory Group also issued estimates for Ulta Beauty's Q2 2026 earnings at $4.87 EPS, Q3 2026 earnings at $4.29 EPS, Q4 2026 earnings at $7.33 EPS, FY2026 earnings at $23.20 EPS, Q2 2027 earnings at $5.41 EPS, Q3 2027 earnings at $4.77 EPS, Q4 2027 earnings at $8.14 EPS and FY2027 earnings at $25.73 EPS.

A number of other equities analysts have also recently issued reports on the stock. Bank of America decreased their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Citigroup restated a "neutral" rating and issued a $425.00 price objective (up previously from $365.00) on shares of Ulta Beauty in a research report on Friday, May 23rd. B. Riley decreased their price objective on shares of Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. DA Davidson restated a "buy" rating and issued a $415.00 price objective on shares of Ulta Beauty in a research report on Wednesday, April 16th. Finally, Truist Financial boosted their price objective on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Ulta Beauty has a consensus rating of "Hold" and a consensus target price of $454.04.

Ulta Beauty Trading Up 11.4%

Shares of ULTA traded up $47.92 during mid-day trading 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. The stock has a market cap of $21.21 billion, a PE ratio of 18.80, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $491.98. The company's fifty day moving average price is $384.70 and its two-hundred day moving average price is $388.02.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the business posted $6.47 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that Ulta Beauty will post 23.96 EPS for the current year.

Insider Buying and Selling

In related news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now directly owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. LaFleur & Godfrey LLC grew its position in Ulta Beauty by 32.1% during the 4th quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock valued at $1,068,000 after purchasing an additional 596 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Ulta Beauty during the 4th quarter valued at about $447,000. Blue Trust Inc. grew its position in Ulta Beauty by 18.8% during the 4th quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer's stock valued at $124,000 after purchasing an additional 45 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Ulta Beauty by 2.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer's stock valued at $3,718,000 after purchasing an additional 185 shares during the last quarter. Finally, Mediolanum International Funds Ltd grew its position in Ulta Beauty by 11.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 24,006 shares of the specialty retailer's stock valued at $10,427,000 after purchasing an additional 2,423 shares during the last quarter. 90.39% of the stock is currently owned by 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.