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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ULTA. DA Davidson lifted their target price on Ulta Beauty from $465.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, June 9th. Barclays boosted their price target on Ulta Beauty from $469.00 to $491.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 31st. Jefferies Financial Group raised Ulta Beauty from a "hold" rating to a "buy" rating and boosted their price target for the stock from $400.00 to $475.00 in a research report on Friday, May 27th. JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $460.00 to $480.00 in a research report on Friday, May 27th. Finally, Oppenheimer boosted their price target on Ulta Beauty from $470.00 to $485.00 and gave the stock an "outperform" rating in a research report on Friday, May 27th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ulta Beauty has an average rating of "Moderate Buy" and a consensus target price of $460.05.

Ulta Beauty Stock Up 2.2 %

Shares of NASDAQ:ULTA traded up $8.55 during trading on Thursday, reaching $390.03. 567,323 shares of the company traded hands, compared to its average volume of 776,446. The company's 50 day moving average is $394.15 and its two-hundred day moving average is $387.85. The firm has a market capitalization of $20.21 billion, a PE ratio of 19.30, a PEG ratio of 1.76 and a beta of 1.45. 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 released its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share for the quarter, beating analysts' consensus estimates of $4.44 by $1.86. The firm 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%. The company's revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 EPS. As a group, research analysts anticipate that Ulta Beauty will post 20.07 EPS for the current year.

Insider Activity

In related news, Director George R. Mrkonic, Jr. sold 476 shares of the company's stock in a transaction on Monday, June 13th. The stock was sold at an average price of $391.84, for a total transaction of $186,515.84. Following the completion of the sale, the director now directly owns 2,393 shares in the company, valued at approximately $937,673.12. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Scott M. Settersten sold 32,532 shares of the company's stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $426.63, for a total transaction of $13,879,127.16. Following the completion of the sale, the chief financial officer now directly owns 14,037 shares in the company, valued at approximately $5,988,605.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director George R. Mrkonic, Jr. sold 476 shares of the company's 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 of the company's stock, valued at $937,673.12. The disclosure for this sale can be found here. In the last three months, insiders sold 46,207 shares of company stock worth $19,411,502. 2.00% of the stock is currently owned by company insiders.