Ulta Beauty - ULTA Stock Forecast, Price & News

Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. As of March 10, 2022, the company operated 1,308 retail stores across 50 states. It also distributes its products through its website ulta.com; and mobile applications. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.

Ulta Beauty Stock Down 0.7 %

ULTA traded down $2.91 during trading on Wednesday, reaching $404.35. The company had a trading volume of 639,249 shares, compared to its average volume of 778,591. The stock has a market cap of $20.95 billion, a P/E ratio of 20.01, a PEG ratio of 1.89 and a beta of 1.45. The business has a 50 day simple moving average of $393.00 and a 200-day simple moving average of $389.27. Ulta Beauty has a 52 week low of $330.80 and a 52 week high of $438.63.

Ulta Beauty (NASDAQ:ULTA - Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.44 by $1.86. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.12 billion. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. Ulta Beauty's revenue was up 21.0% on a year-over-year basis. During the same period last year, the company earned $4.10 earnings per share. As a group, equities research analysts expect that Ulta Beauty will post 20.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ULTA shares. Robert W. Baird raised their price objective on Ulta Beauty from $450.00 to $490.00 and gave the company an "outperform" rating in a research report on Friday, May 27th. Raymond James raised Ulta Beauty from an "outperform" rating to a "strong-buy" rating and lifted their target price for the stock from $475.00 to $485.00 in a report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Ulta Beauty from $522.00 to $466.00 in a report on Wednesday, May 25th. Jefferies Financial Group raised Ulta Beauty from a "hold" rating to a "buy" rating and lifted their target price for the stock from $400.00 to $475.00 in a report on Friday, May 27th. Finally, Citigroup lifted their target price on Ulta Beauty from $393.00 to $425.00 and gave the stock a "neutral" rating in a report on Tuesday, May 31st. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $460.05.

Insiders Place Their Bets

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the sale, the director now owns 2,393 shares in the company, valued at $937,673.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the sale, the director now owns 2,393 shares in the company, valued at $937,673.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Kecia Steelman sold 13,199 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $405.02, for a total value of $5,345,858.98. Following the completion of the sale, the chief operating officer now owns 16,627 shares in the company, valued at approximately $6,734,267.54. The disclosure for this sale can be found here. Insiders have sold a total of 46,207 shares of company stock worth $19,411,502 over the last quarter. Company insiders own 2.00% of the company's stock.