Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $775.00

by · The Cerbat Gem

Ulta Beauty (NASDAQ:ULTA – Free Report) had its target price boosted by TD Cowen from $725.00 to $775.00 in a report published on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the specialty retailer’s stock.

ULTA has been the topic of several other research reports. Bank of America lifted their price target on Ulta Beauty from $610.00 to $685.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Guggenheim restated a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. UBS Group lifted their target price on shares of Ulta Beauty from $690.00 to $780.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Ulta Beauty from $600.00 to $606.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Finally, Zacks Research raised shares of Ulta Beauty from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty has a consensus rating of “Moderate Buy” and an average price target of $620.04.

Read Our Latest Report on Ulta Beauty

Ulta Beauty Trading Up 0.7%

ULTA stock opened at $686.12 on Wednesday. The company has a market cap of $30.44 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 3.54 and a beta of 0.85. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $695.34. The firm has a 50-day moving average of $598.92 and a two-hundred day moving average of $547.94.

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

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently modified their holdings of ULTA. J. Safra Sarasin Holding AG boosted its position in shares of Ulta Beauty by 167.8% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock worth $2,111,000 after purchasing an additional 2,828 shares in the last quarter. Swedbank AB increased its holdings in shares of Ulta Beauty by 6.7% in the 3rd quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock valued at $317,938,000 after purchasing an additional 36,456 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Ulta Beauty in the third quarter valued at about $71,997,000. Assenagon Asset Management S.A. boosted its holdings in Ulta Beauty by 90.1% during the third quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock worth $20,037,000 after buying an additional 17,365 shares in the last quarter. Finally, Stance Capital LLC purchased a new stake in Ulta Beauty during the second quarter worth about $3,809,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Ulta Beauty

Here are the key news stories impacting Ulta Beauty this week:

  • Positive Sentiment: Expansion into the Middle East: Ulta announced its first UAE store at Mall of the Emirates (opening Jan. 29) in partnership with franchise operator Alshaya, building on a November Kuwait debut — a move that diversifies revenue and uses a partner-led model to limit capex. Read More. Read More.
  • Positive Sentiment: Analyst optimism: TD Cowen raised Ulta’s price target to $775, signaling bullish analyst sentiment that can support the stock as investors re-rate long-term growth expectations. Read More.
  • Positive Sentiment: New retail concepts: Ulta is expanding wellness-focused shop‑in‑shop boutiques, aligning with consumer wellness trends and opening new margin and traffic drivers within stores. Read More.
  • Positive Sentiment: Strong consumer demand: Tickets for Ulta Beauty World sold out in minutes, showing high brand engagement and the power of experiential marketing to drive loyalty and future spend. Read More.
  • Neutral Sentiment: Upcoming earnings: Ulta is about to report Q4 results; previews note expectations of weaker EPS, so the report (and company guidance) will be the immediate catalyst to confirm whether growth and margin momentum continue. Monitor the release for actual versus expected numbers. Read More.
  • Negative Sentiment: PR/backlash risk from event execution: While demand was strong, rapid sell-outs and ticketing issues have led to customer disappointment and negative headlines — a short-term reputational risk that could draw management time and attention and may pressure sentiment if unresolved. Read More. Read More.

Ulta Beauty Company Profile

(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.

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