Recent Analysts’ Ratings Updates for Ulta Beauty (ULTA)

Several brokerages have updated their recommendations and price targets on shares of Ulta Beauty (NASDAQ: ULTA) in the last few weeks:

• 12/3/2024 – Ulta Beauty had its price target raised by analysts at Piper Sandler from $357.00 to $360.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – Ulta Beauty had its price target raised by analysts at Canaccord Genuity Group Inc. from $442.00 to $476.00. They now have a “buy” rating on the stock.
• 11/29/2024 – Ulta Beauty had its price target raised by analysts at Citigroup Inc. from $345.00 to $390.00. They now have a “neutral” rating on the stock.
• 11/27/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $450.00 price target on the stock.
• 11/21/2024 – Ulta Beauty was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
• 10/21/2024 – Ulta Beauty had its price target raised by analysts at JPMorgan Chase & Co. from $450.00 to $472.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – Ulta Beauty was given a new $385.00 price target on by analysts at BMO Capital Markets.
• 10/17/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $450.00 price target on the stock.
• 10/17/2024 – Ulta Beauty had its price target raised by analysts at Piper Sandler from $356.00 to $357.00. They now have a “neutral” rating on the stock.
• 10/17/2024 – Ulta Beauty had its price target lowered by analysts at TD Cowen from $390.00 to $380.00. They now have a “hold” rating on the stock.
• 10/17/2024 – Ulta Beauty had its price target raised by analysts at Stifel Nicolaus from $385.00 to $395.00. They now have a “hold” rating on the stock.
• 10/16/2024 – Ulta Beauty had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $435.00 price target on the stock.
• 10/14/2024 – Ulta Beauty had its price target lowered by analysts at Raymond James from $450.00 to $440.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – Ulta Beauty had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $426.00 to $424.00. They now have a “buy” rating on the stock.

Ulta Beauty Trading Up 0.3 %

Shares of NASDAQ ULTA opened at $395.30 on Wednesday. The company has a fifty day moving average price of $373.98 and a 200 day moving average price of $376.10. Ulta Beauty, Inc. has a 1-year low of $318.17 and a 1-year high of $574.76. The firm has a market cap of $18.63 billion, a PE ratio of 15.86, a PEG ratio of 2.26 and a beta of 1.32.

Institutional Investors Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Ulta Beauty by 83.3% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 30 shares in the last quarter. Innealta Capital LLC bought a new position in Ulta Beauty in the second quarter valued at $32,000. Paladin Wealth LLC acquired a new stake in Ulta Beauty in the 3rd quarter valued at $32,000. Westside Investment Management Inc. lifted its position in Ulta Beauty by 151.5% during the 3rd quarter. Westside Investment Management Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 50 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Ulta Beauty by 118.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 83 shares of the specialty retailer’s stock worth $32,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

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.