Weekly Analysts’ Ratings Changes for Ulta Beauty (ULTA)

A number of firms have modified their ratings and price targets on shares of Ulta Beauty (NASDAQ: ULTA) recently:

• 1/9/2025 – Ulta Beauty had its price target raised by analysts at Barclays PLC from $410.00 to $445.00. They now have an “equal weight” rating on the stock.
• 1/8/2025 – Ulta Beauty had its price target raised by analysts at TD Cowen from $450.00 to $480.00. They now have a “hold” rating on the stock.
• 1/7/2025 – Ulta Beauty had its price target raised by analysts at Wells Fargo & Company from $350.00 to $370.00. They now have an “underweight” rating on the stock.
• 1/7/2025 – Ulta Beauty had its price target raised by analysts at Oppenheimer Holdings Inc. from $505.00 to $515.00. They now have an “outperform” rating on the stock.
• 1/7/2025 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $500.00 price target on the stock.
• 1/7/2025 – Ulta Beauty had its price target raised by analysts at Citigroup Inc. from $450.00 to $457.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Ulta Beauty had its price target raised by analysts at Bank of America Co. from $460.00 to $475.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Ulta Beauty was upgraded by analysts at B. Riley from a “sell” rating to a “neutral” rating. They now have a $430.00 price target on the stock, up previously from $330.00.
• 1/7/2025 – Ulta Beauty was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/7/2025 – Ulta Beauty had its price target raised by analysts at Stifel Nicolaus from $455.00 to $475.00. They now have a “hold” rating on the stock.
• 1/7/2025 – Ulta Beauty had its price target raised by analysts at Canaccord Genuity Group Inc. from $500.00 to $538.00. They now have a “buy” rating on the stock.
• 1/6/2025 – Ulta Beauty had its price target raised by analysts at Piper Sandler from $390.00 to $394.00. They now have a “neutral” rating on the stock.
• 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

Shares of ULTA stock traded up $1.75 during trading hours on Tuesday, reaching $405.69. 217,985 shares of the company traded hands, compared to its average volume of 808,000. Ulta Beauty, Inc. has a 12-month low of $318.17 and a 12-month high of $574.76. The company has a market cap of $18.81 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.38 and a beta of 1.28. The firm has a 50-day moving average price of $402.41 and a 200 day moving average price of $384.13.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.69. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts predict that Ulta Beauty, Inc. will post 23.57 EPS for the current year.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ulta Beauty in the second quarter worth about $19,136,000. Jensen Investment Management Inc. grew its holdings in Ulta Beauty by 17.9% in the third quarter. Jensen Investment Management Inc. now owns 11,330 shares of the specialty retailer’s stock valued at $4,409,000 after purchasing an additional 1,720 shares during the period. Distillate Capital Partners LLC acquired a new stake in Ulta Beauty in the second quarter valued at approximately $14,665,000. Versor Investments LP acquired a new stake in Ulta Beauty in the third quarter valued at approximately $793,000. Finally, Stephens Inc. AR boosted its stake in shares of Ulta Beauty by 31.0% in the third quarter. Stephens Inc. AR now owns 16,014 shares of the specialty retailer’s stock worth $6,231,000 after acquiring an additional 3,791 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

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.