Ulta Beauty (ULTA) Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ulta Beauty in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ULTA shares.
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19 Wall Street analysts have issued 1 year target prices for Ulta Beauty's stock. Their ULTA share price forecasts range from $375.00 to $650.00. On average, they anticipate the company's share price to reach $545.13 in the next twelve months. This suggests a possible upside of 36.7% from the stock's current price.
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Ulta Beauty's stock was trading at $469.07 at the beginning of 2023. Since then, ULTA stock has decreased by 15.0% and is now trading at $398.73.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
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Ulta Beauty, Inc. (NASDAQ:ULTA) issued its earnings results on Thursday, August, 24th. The specialty retailer reported $6.02 EPS for the quarter, topping the consensus estimate of $5.85 by $0.17. The specialty retailer earned $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 11.77% and a trailing twelve-month return on equity of 63.51%. The firm's revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $5.70 EPS.
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ETFs with the largest weight of Ulta Beauty (NASDAQ:ULTA) stock in their portfolio include Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Invesco Focused Discovery Growth ETF (IVDG), Hennessy Stance ESG Large Cap ETF (STNC), VictoryShares Nasdaq Next 50 ETF (QQQN), Pacer US Cash Cows Growth ETF (BUL), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), Alpha Architect U.S. Quantitative Momentum ETF (QMOM) and American Century U.S. Quality Growth ETF (QGRO).

Ulta Beauty updated its FY 2023 earnings guidance on Tuesday, August, 29th. The company provided EPS guidance of $25.10-$25.60 for the period, compared to the consensus earnings per share estimate of $25.26. The company issued revenue guidance of $11.05 billion-$11.15 billion, compared to the consensus revenue estimate of $11.13 billion.

2,453 employees have rated Ulta Beauty Chief Executive Officer Mary Dillon on Glassdoor.com. Mary Dillon has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ulta Beauty investors own include NVIDIA (NVDA), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Walt Disney (DIS), Micron Technology (MU), Salesforce (CRM), PayPal (PYPL), Boeing (BA) and Visa (V).

Ulta Beauty trades on the NASDAQ under the ticker symbol "ULTA."

Ulta Beauty's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.51%), State Street Corp (4.10%), Bank Julius Baer & Co. Ltd Zurich (4.07%), Jennison Associates LLC (2.82%), Geode Capital Management LLC (2.24%) and Alecta Tjanstepension Omsesidigt (1.26%). Insiders that own company stock include Anita Jane Ryan, Catherine Ann Halligan, Charles Heilbronn, George R Mrkonic Jr, George R Mrkonic, Jr, Jeffrey J Childs, Jodi J Caro, Kecia Steelman, Lorna Nagler, Mary N Dillon, Michael R Macdonald, Mike C Smith, Robert F Diromualdo and Scott M Settersten.
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Shares of ULTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ULTA stock can currently be purchased for approximately $398.73.

Ulta Beauty (NASDAQ:ULTA) has a market capitalization of $19.63 billion and generates $10.21 billion in revenue each year. The specialty retailer earns $1.24 billion in net income (profit) each year or $24.92 on an earnings per share basis.

The company employs 53,000 workers across the globe.

Ulta Beauty's mailing address is 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL, 60440. The official website for the company is www.ulta.com. The specialty retailer can be reached via phone at (630) 410-4800 or via email at investorrelations@ulta.com.