Ulta Beauty (NASDAQ:ULTA) Hits New 1-Year High – Here’s Why

Ulta Beauty Inc. (NASDAQ:ULTA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $612.75 and last traded at $610.32, with a volume of 335536 shares. The stock had previously closed at $597.88.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ULTA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $600.00 to $606.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Oppenheimer set a $675.00 price target on Ulta Beauty in a report on Wednesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $640.00 price objective (up previously from $610.00) on shares of Ulta Beauty in a research report on Monday, December 1st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Ulta Beauty in a research note on Friday, December 5th. Sixteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ulta Beauty has an average rating of “Moderate Buy” and an average target price of $576.50.

Ulta Beauty Trading Up 2.5%

The firm has a market capitalization of $27.19 billion, a PE ratio of 23.50, a PEG ratio of 3.16 and a beta of 0.87. The firm’s fifty day moving average price is $539.95 and its 200 day moving average price is $518.43.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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 return on equity of 46.33% and a net margin of 9.93%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $5.14 earnings per share. Ulta Beauty’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. As a group, research analysts expect that Ulta Beauty Inc. will post 23.96 EPS for the current year.

Institutional Investors Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Ulta Beauty during the second quarter worth approximately $258,791,000. Holocene Advisors LP boosted its holdings in shares of Ulta Beauty by 339.6% during the 3rd quarter. Holocene Advisors LP now owns 379,939 shares of the specialty retailer’s stock worth $207,732,000 after buying an additional 293,516 shares during the period. Andra AP fonden boosted its holdings in shares of Ulta Beauty by 351,900.0% during the 3rd quarter. Andra AP fonden now owns 228,800 shares of the specialty retailer’s stock worth $125,096,000 after buying an additional 228,735 shares during the period. Invesco Ltd. grew its stake in Ulta Beauty by 33.6% in the 3rd quarter. Invesco Ltd. now owns 840,383 shares of the specialty retailer’s stock valued at $459,479,000 after buying an additional 211,485 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in Ulta Beauty by 249.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 295,833 shares of the specialty retailer’s stock worth $161,747,000 after acquiring an additional 211,266 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

About Ulta Beauty

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.