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 Performance

Shares of ULTA Stock opened at $395.47 on Friday. Ulta Beauty has a one year low of $330.80 and a one year high of $438.63. The company's 50-day simple moving average is $393.44 and its 200-day simple moving average is $388.32. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.82 and a beta of 1.45.

Ulta Beauty (NASDAQ:ULTA - Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, topping the consensus estimate of $4.44 by $1.86. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.12 billion. During the same quarter last year, the company posted $4.10 earnings per share. The company's quarterly revenue was up 21.0% compared to the same quarter last year. As a group, research analysts forecast that Ulta Beauty will post 20.07 EPS for the current year.

Analyst Ratings Changes

ULTA has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on Ulta Beauty from $465.00 to $485.00 and gave the company an "overweight" rating in a research report on Friday, May 27th. Jefferies Financial Group upgraded Ulta Beauty from a "hold" rating to a "buy" rating and increased their target price for the company from $400.00 to $475.00 in a research note on Friday, May 27th. Raymond James raised Ulta Beauty from an "outperform" rating to a "strong-buy" rating and increased their price target for the company from $475.00 to $485.00 in a report on Wednesday, June 29th. Citigroup lifted their price objective on Ulta Beauty from $393.00 to $425.00 and gave the company a "neutral" rating in a research report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Ulta Beauty from $460.00 to $480.00 in a research report on Friday, May 27th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $460.05.

Insider Activity

In other Ulta Beauty news, CFO Scott M. Settersten sold 32,532 shares of Ulta Beauty stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $426.63, for a total value of $13,879,127.16. Following the transaction, the chief financial officer now owns 14,037 shares in the company, valued at $5,988,605.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Ulta Beauty news, COO Kecia Steelman sold 13,199 shares of Ulta Beauty stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $405.02, for a total transaction of $5,345,858.98. Following the completion of the sale, the chief operating officer now owns 16,627 shares of the company's stock, valued at approximately $6,734,267.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott M. Settersten sold 32,532 shares of Ulta Beauty stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $426.63, for a total transaction of $13,879,127.16. Following the sale, the chief financial officer now directly owns 14,037 shares of the company's stock, valued at approximately $5,988,605.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,207 shares of company stock valued at $19,411,502. Insiders own 2.00% of the company's stock.