DA Davidson Cuts Ulta Beauty (NASDAQ:ULTA) Price Target to $415.00

Ulta Beauty (NASDAQ:ULTA) had its price target lowered by DA Davidson from $510.00 to $415.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer’s stock. DA Davidson also issued estimates for Ulta Beauty’s Q1 2026 earnings at $5.76 EPS and FY2027 earnings at $26.13 EPS.

Other equities analysts also recently issued reports about the stock. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. William Blair downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. BMO Capital Markets upped their price target on shares of Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Barclays increased their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $431.13.

Ulta Beauty Price Performance

Shares of ULTA opened at $357.48 on Friday. The firm has a market capitalization of $16.58 billion, a PE ratio of 14.30, a PEG ratio of 0.89 and a beta of 1.34. The company’s 50-day moving average is $385.01 and its 200-day moving average is $386.94. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $544.36.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, beating the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the company posted $8.08 earnings per share. Ulta Beauty’s revenue was down 1.9% compared to the same quarter last year. Analysts predict that Ulta Beauty will post 23.96 earnings per share for the current fiscal year.

Institutional Trading of Ulta Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Investment Partners LLC increased its stake in Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares in the last quarter. RWA Wealth Partners LLC increased its stake in Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after purchasing an additional 28 shares in the last quarter. Lido Advisors LLC increased its stake in Ulta Beauty by 5.0% during the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after purchasing an additional 30 shares in the last quarter. Colonial Trust Co SC increased its stake in Ulta Beauty by 36.9% during the 4th quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock valued at $50,000 after purchasing an additional 31 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its stake in shares of Ulta Beauty by 0.5% in the 4th quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.