B. Riley Has Lowered Expectations for Ulta Beauty (NASDAQ:ULTA) Stock Price

Ulta Beauty (NASDAQ:ULTA) had its target price lowered by research analysts at B. Riley from $430.00 to $330.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s price target suggests a potential downside of 7.69% from the stock’s previous close. B. Riley also issued estimates for Ulta Beauty’s Q4 2026 earnings at $7.34 EPS and FY2027 earnings at $25.00 EPS.

ULTA has been the topic of several other reports. Telsey Advisory Group restated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a report on Monday, March 10th. Barclays lifted their price objective on Ulta Beauty from $410.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 9th. William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Oppenheimer lifted their price objective on Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler dropped their price objective on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $431.13.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $357.48 on Friday. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $544.36. The stock’s 50-day moving average is $385.01 and its two-hundred day moving average is $386.80. The firm has a market cap of $16.58 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

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

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently added to or reduced their stakes in ULTA. Capital World Investors acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $430,674,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Ulta Beauty in the 3rd quarter worth approximately $359,480,000. Norges Bank acquired a new position in shares of Ulta Beauty in the 4th quarter worth approximately $239,432,000. Marshall Wace LLP boosted its holdings in shares of Ulta Beauty by 10,336.7% in the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer’s stock worth $199,681,000 after acquiring an additional 454,711 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Ulta Beauty by 3,246.2% in the 3rd quarter. Holocene Advisors LP now owns 346,262 shares of the specialty retailer’s stock worth $134,737,000 after acquiring an additional 335,914 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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.