Ulta Beauty, Inc. (NASDAQ:ULTA – Free Report) – Stock analysts at DA Davidson cut their FY2025 EPS estimates for shares of Ulta Beauty in a report released on Monday, March 18th. DA Davidson analyst M. Baker now anticipates that the specialty retailer will post earnings of $26.81 per share for the year, down from their previous estimate of $27.93. DA Davidson currently has a “Buy” rating and a $595.00 target price on the stock. The consensus estimate for Ulta Beauty’s current full-year earnings is $26.73 per share.
Other equities analysts also recently issued reports about the stock. Loop Capital boosted their target price on shares of Ulta Beauty from $530.00 to $540.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. BMO Capital Markets boosted their target price on shares of Ulta Beauty from $485.00 to $540.00 and gave the stock a “market perform” rating in a research note on Friday, March 15th. Robert W. Baird boosted their target price on shares of Ulta Beauty from $575.00 to $625.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Jefferies Financial Group boosted their price target on shares of Ulta Beauty from $587.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Raymond James boosted their price target on shares of Ulta Beauty from $575.00 to $630.00 and gave the stock a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Ulta Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $579.81.
Read Our Latest Report on Ulta Beauty
Ulta Beauty Stock Down 1.0 %
NASDAQ:ULTA opened at $523.96 on Wednesday. The firm has a market cap of $25.44 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.31. Ulta Beauty has a 12 month low of $368.02 and a 12 month high of $574.76. The company’s 50-day moving average price is $521.42 and its two-hundred day moving average price is $458.22.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 EPS for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.68 earnings per share.
Ulta Beauty announced that its Board of Directors has initiated a share repurchase program on Thursday, March 14th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 7.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
Hedge Funds Weigh In On Ulta Beauty
Several large investors have recently modified their holdings of the stock. Wahed Invest LLC raised its position in shares of Ulta Beauty by 6.5% in the fourth quarter. Wahed Invest LLC now owns 835 shares of the specialty retailer’s stock valued at $409,000 after purchasing an additional 51 shares during the period. Wellington Management Group LLP increased its position in Ulta Beauty by 3.4% during the fourth quarter. Wellington Management Group LLP now owns 10,130 shares of the specialty retailer’s stock worth $4,964,000 after acquiring an additional 334 shares during the period. Processus Wealth & Capital Management LLC bought a new position in Ulta Beauty during the fourth quarter worth about $1,746,000. Congress Asset Management Co. MA increased its position in Ulta Beauty by 0.5% during the fourth quarter. Congress Asset Management Co. MA now owns 255,014 shares of the specialty retailer’s stock worth $124,954,000 after acquiring an additional 1,158 shares during the period. Finally, Vima LLC bought a new position in Ulta Beauty during the fourth quarter worth about $27,000. 92.30% of the stock is owned by institutional investors.
Ulta Beauty Company Profile
Ulta Beauty, Inc operate specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services in the United States. It offers broad assortment of branded and private label beauty products including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools; and salon services, including hair, skin, makeup, and brow services, as well as nail services.
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