Ulta Beauty (NASDAQ:ULTA) Given New $775.00 Price Target at TD Cowen

by · The Markets Daily

Ulta Beauty (NASDAQ:ULTA – Get Free Report) had its target price lifted by analysts at TD Cowen from $725.00 to $775.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. TD Cowen’s price objective indicates a potential upside of 13.94% from the company’s previous close.

Several other analysts also recently issued reports on the company. Raymond James Financial raised Ulta Beauty from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $605.00 to $790.00 in a research note on Wednesday. Wall Street Zen downgraded Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Guggenheim reiterated a “neutral” rating on shares of Ulta Beauty in a report on Friday, December 5th. Zacks Research upgraded shares of Ulta Beauty from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Wells Fargo & Company lifted their price target on shares of Ulta Beauty from $425.00 to $450.00 and gave the company an “underweight” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $620.04.

Get Our Latest Research Report on Ulta Beauty

Ulta Beauty Stock Performance

NASDAQ:ULTA traded up $4.54 during mid-day trading on Wednesday, hitting $680.16. The company had a trading volume of 344,105 shares, compared to its average volume of 530,258. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $695.34. The firm has a market cap of $30.17 billion, a P/E ratio of 26.10, a P/E/G ratio of 3.45 and a beta of 0.85. The business’s fifty day moving average is $589.87 and its two-hundred day moving average is $544.57.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.53. Ulta Beauty had a net margin of 9.93% and a return on equity of 46.33%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm posted $5.14 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Ulta Beauty has set its FY 2025 guidance at 25.200-25.500 EPS. Equities analysts forecast that Ulta Beauty will post 23.96 earnings per share for the current year.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its stake in Ulta Beauty by 107.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Ulta Beauty in the 3rd quarter valued at approximately $25,000. Hemington Wealth Management raised its stake in shares of Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Ulta Beauty during the third quarter worth $31,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Ulta Beauty in the third quarter worth $31,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

About Ulta Beauty

(Get Free Report)

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.

Further Reading