DA Davidson Has Lowered Expectations for Ulta Beauty (NASDAQ:ULTA) Stock Price

Ulta Beauty (NASDAQ:ULTA) had its price objective decreased by equities researchers at DA Davidson from $510.00 to $415.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price objective suggests a potential upside of 16.09% from the stock’s current price. DA Davidson also issued estimates for Ulta Beauty’s Q1 2026 earnings at $5.76 EPS and FY2027 earnings at $26.13 EPS.

ULTA has been the topic of several other research reports. Barclays lifted their target price on Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a research note on Thursday, January 9th. UBS Group boosted their price objective on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley dropped their price objective on Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday. BMO Capital Markets boosted their price objective on Ulta Beauty from $385.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, William Blair downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $431.13.

Ulta Beauty Price Performance

NASDAQ:ULTA opened at $357.48 on Friday. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $544.36. The firm has a market capitalization of $16.58 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34. The business has a 50 day simple moving average of $385.01 and a 200 day simple moving average of $386.80.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 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 down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.08 EPS. Research analysts anticipate that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ULTA. Prestige Wealth Management Group LLC grew its holdings in shares of Ulta Beauty by 121.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 62 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 34 shares in the last quarter. Sunbelt Securities Inc. grew 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 valued at $32,000 after buying an additional 45 shares in the last quarter. Westside Investment Management Inc. grew 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 valued at $32,000 after buying an additional 50 shares in the last quarter. Edge Capital Group LLC purchased a new position in Ulta Beauty in the fourth quarter valued at about $33,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ulta Beauty in the third quarter valued at about $41,000. Hedge funds and other 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.