Ulta Beauty (NASDAQ:ULTA) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Ulta Beauty (NASDAQ:ULTA) had its target price increased by Raymond James Financial from $647.00 to $800.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “strong-buy” rating on the specialty retailer’s stock. Raymond James Financial’s target price indicates a potential upside of 18.19% from the company’s current price.

Other research analysts have also issued reports about the company. Piper Sandler reiterated an “overweight” rating and set a $775.00 target price on shares of Ulta Beauty in a report on Tuesday, January 27th. Guggenheim reaffirmed a “neutral” rating on shares of Ulta Beauty in a research report on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. Jefferies Financial Group assumed coverage on Ulta Beauty in a research note on Wednesday, January 14th. They set a “hold” rating and a $700.00 target price for the company. Finally, TD Cowen raised their target price on shares of Ulta Beauty from $725.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has an average rating of “Moderate Buy” and an average price target of $626.84.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded down $15.90 during trading hours on Friday, hitting $676.90. The stock had a trading volume of 111,226 shares, compared to its average volume of 531,294. Ulta Beauty has a one year low of $309.01 and a one year high of $714.97. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 3.22 and a beta of 0.85. The business’s 50 day moving average is $648.17 and its 200-day moving average is $571.23.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 4th. The specialty retailer reported $5.14 earnings per share for the quarter, topping 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 company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the firm posted $5.14 earnings per share. The business’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, sell-side analysts anticipate that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Ulta Beauty

Institutional investors have recently bought and sold shares of the company. Swedbank AB increased its position in 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 buying an additional 36,456 shares in the last quarter. Keybank National Association OH grew its stake in Ulta Beauty by 1.6% in the third quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after acquiring an additional 2,121 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Ulta Beauty in the third quarter valued at approximately $71,997,000. Assenagon Asset Management S.A. increased its holdings in shares of 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 valued at $20,037,000 after acquiring an additional 17,365 shares in the last quarter. Finally, Stance Capital LLC acquired a new position in shares of Ulta Beauty during the second quarter worth approximately $3,809,000. Institutional investors 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.