Ulta Beauty (NASDAQ:ULTA - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.
ULTA has been the topic of several other reports. Evercore ISI raised their target price on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Morgan Stanley lifted their price target on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Barclays upgraded shares of Ulta Beauty from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $518.00 to $589.00 in a report on Friday. Oppenheimer upped their target price on Ulta Beauty from $510.00 to $600.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $520.00 target price on shares of Ulta Beauty in a report on Friday, July 11th. Thirteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $487.96.
Check Out Our Latest Analysis on ULTA
Ulta Beauty Price Performance
Ulta Beauty stock opened at $529.50 on Friday. The company's 50 day simple moving average is $494.13 and its 200 day simple moving average is $422.14. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $534.10. The firm has a market capitalization of $23.80 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.13 and a beta of 1.12.
Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 49.73% and a net margin of 10.45%.Ulta Beauty's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $6.47 EPS. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS. As a group, analysts predict that Ulta Beauty will post 23.96 EPS for the current fiscal year.
Institutional Trading of Ulta Beauty
A number of hedge funds have recently bought and sold shares of ULTA. Cary Street Partners Investment Advisory LLC grew its position in Ulta Beauty by 107.7% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 28 shares during the last quarter. American National Bank & Trust bought a new position in shares of Ulta Beauty during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Ulta Beauty during the first quarter valued at approximately $31,000. Hemington Wealth Management lifted its stake in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock worth $31,000 after buying an additional 40 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after buying an additional 59 shares in the last quarter. Institutional investors own 90.39% of the company's stock.
About Ulta Beauty
(
Get Free Report)
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.
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