Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, DA Davidson Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its price target increased by investment analysts at DA Davidson from $435.00 to $510.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price target would indicate a potential upside of 19.11% from the company’s previous close. DA Davidson also issued estimates for Ulta Beauty’s Q4 2025 earnings at $6.60 EPS and FY2025 earnings at $23.52 EPS.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer upped their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a research report on Friday. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup raised their price objective on Ulta Beauty from $345.00 to $390.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Finally, Raymond James dropped their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Ulta Beauty presently has a consensus rating of “Hold” and an average target price of $438.00.

Ulta Beauty Trading Up 9.0 %

Shares of Ulta Beauty stock opened at $428.17 on Friday. Ulta Beauty has a 52 week low of $318.17 and a 52 week high of $574.76. The stock has a market cap of $20.18 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.32. The company’s 50-day moving average price is $374.15 and its two-hundred day moving average price is $376.64.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $5.07 earnings per share. On average, equities analysts predict that Ulta Beauty will post 23.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Ulta Beauty

Large investors have recently added to or reduced their stakes in the company. Choreo LLC lifted its holdings in shares of Ulta Beauty by 71.7% during the 2nd quarter. Choreo LLC now owns 2,868 shares of the specialty retailer’s stock worth $1,103,000 after acquiring an additional 1,198 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Ulta Beauty during the second quarter worth about $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Ulta Beauty by 5.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer’s stock worth $1,072,000 after purchasing an additional 139 shares during the period. Jensen Investment Management Inc. boosted its holdings in Ulta Beauty by 17.9% during 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 in the last quarter. Finally, Distillate Capital Partners LLC bought a new stake in shares of Ulta Beauty in the 2nd quarter valued at approximately $14,665,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.