Guggenheim Reiterates “Neutral” Rating for Ulta Beauty (NASDAQ:ULTA)

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “neutral” rating reaffirmed by investment analysts at Guggenheim in a report issued on Friday,Benzinga reports.

Other research analysts have also issued reports about the company. The Goldman Sachs Group increased their price objective on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Jefferies Financial Group increased their target price on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, August 26th. Argus upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $570.00 price target on the stock in a research report on Thursday, September 25th. Morgan Stanley upped their price objective on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Citigroup lifted their target price on shares of Ulta Beauty from $450.00 to $550.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Fourteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and an average target price of $557.79.

Ulta Beauty Price Performance

ULTA opened at $533.95 on Friday. The company has a market capitalization of $23.94 billion, a P/E ratio of 20.47, a P/E/G ratio of 3.60 and a beta of 0.87. The firm’s fifty day moving average price is $531.45 and its two-hundred day moving average price is $504.63. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $572.23.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.61 by $0.53. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business posted $5.14 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts expect that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors and hedge funds have recently made changes to their positions in ULTA. J. Safra Sarasin Holding AG boosted its stake in shares of Ulta Beauty by 167.8% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 4,513 shares of the specialty retailer’s stock valued at $2,111,000 after purchasing an additional 2,828 shares during the last quarter. Ascent Group LLC acquired a new position in Ulta Beauty in the second quarter valued at approximately $395,000. Allegiance Financial Group Advisory Services LLC bought a new position in Ulta Beauty in the second quarter valued at approximately $306,000. Atria Investments Inc grew its holdings in Ulta Beauty by 14.7% during the 2nd quarter. Atria Investments Inc now owns 4,051 shares of the specialty retailer’s stock worth $1,895,000 after acquiring an additional 518 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at $262,000. 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.