Weekly Analysts’ Ratings Changes for Ulta Beauty (ULTA)

A number of research firms have changed their ratings and price targets for Ulta Beauty (NASDAQ: ULTA):

• 12/20/2024 – Ulta Beauty was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/9/2024 – Ulta Beauty had its price target raised by analysts at Loop Capital from $450.00 to $480.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at Wells Fargo & Company from $300.00 to $350.00. They now have an “underweight” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at B. Riley from $300.00 to $330.00. They now have a “sell” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at JPMorgan Chase & Co. from $472.00 to $480.00. They now have an “overweight” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at Oppenheimer Holdings Inc. from $435.00 to $505.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at Telsey Advisory Group from $450.00 to $500.00. They now have an “outperform” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at Citigroup Inc. from $390.00 to $450.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at BMO Capital Markets from $385.00 to $420.00. They now have a “market perform” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at Stifel Nicolaus from $395.00 to $455.00. They now have a “hold” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at Barclays PLC from $335.00 to $410.00. They now have an “equal weight” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at UBS Group AG from $470.00 to $490.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Ulta Beauty had its price target raised by analysts at DA Davidson from $435.00 to $510.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Ulta Beauty had its price target raised by analysts at Piper Sandler from $357.00 to $360.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – Ulta Beauty had its price target raised by analysts at Canaccord Genuity Group Inc. from $442.00 to $476.00. They now have a “buy” rating on the stock.
• 11/29/2024 – Ulta Beauty had its price target raised by analysts at Citigroup Inc. from $345.00 to $390.00. They now have a “neutral” rating on the stock.
• 11/27/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $450.00 price target on the stock.
• 11/21/2024 – Ulta Beauty was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.

Ulta Beauty Price Performance

Ulta Beauty stock traded up $6.17 during mid-day trading on Tuesday, hitting $435.31. The company’s stock had a trading volume of 344,921 shares, compared to its average volume of 978,175. The firm’s 50 day moving average is $385.51 and its 200 day moving average is $379.63. The company has a market cap of $20.19 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32. Ulta Beauty, Inc. has a 52-week low of $318.17 and a 52-week high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.07 EPS. As a group, analysts forecast that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in shares of Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 30 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Ulta Beauty during the second quarter worth approximately $32,000. Paladin Wealth LLC acquired a new position in shares of Ulta Beauty during the third quarter worth approximately $32,000. Westside Investment Management Inc. lifted its holdings in shares of Ulta Beauty by 151.5% during the third quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Ulta Beauty by 118.4% during the third quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

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.