Ulta Beauty (ULTA) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ulta Beauty in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ULTA shares.
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21 Wall Street analysts have issued 1 year price objectives for Ulta Beauty's shares. Their ULTA share price forecasts range from $350.00 to $650.00. On average, they expect the company's share price to reach $547.21 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
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Ulta Beauty's stock was trading at $469.07 at the start of the year. Since then, ULTA shares have decreased by 11.4% and is now trading at $415.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
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Ulta Beauty, Inc. (NASDAQ:ULTA) issued its quarterly earnings data on Thursday, May, 25th. The specialty retailer reported $6.88 EPS for the quarter, beating the consensus estimate of $6.82 by $0.06. The specialty retailer had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. Ulta Beauty had a trailing twelve-month return on equity of 65.62% and a net margin of 11.98%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.30 EPS.
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ETFs with the largest weight of Ulta Beauty (NASDAQ:ULTA) stock in their portfolio include Invesco Focused Discovery Growth ETF (IVDG), American Century STOXX U.S. Quality Growth ETF (QGRO), Goldman Sachs Future Consumer Equity ETF (GBUY), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), VictoryShares Nasdaq Next 50 ETF (QQQN), Alpha Dog ETF (RUFF), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) and Corbett Road Tactical Opportunity ETF (OPPX).

Ulta Beauty updated its FY24 earnings guidance on Thursday, May, 25th. The company provided earnings per share (EPS) guidance of $24.70-$25.40 for the period, compared to the consensus estimate of $25.35. The company issued revenue guidance of $11.0-$11.1 billion, compared to the consensus revenue estimate of $11.09 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.72%), Envestnet Asset Management Inc. (4.74%), State Street Corp (3.99%), FMR LLC (3.30%), Price T Rowe Associates Inc. MD (2.98%) and Arrowstreet Capital Limited Partnership (2.39%). 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, Sally E Blount 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 $415.55.

Ulta Beauty (NASDAQ:ULTA) has a market capitalization of $20.69 billion and generates $10.21 billion in revenue each year. The specialty retailer earns $1.24 billion in net income (profit) each year or $24.60 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.