DA Davidson Reaffirms Buy Rating for Ulta Beauty (NASDAQ:ULTA)

DA Davidson reissued their buy rating on shares of Ulta Beauty (NASDAQ:ULTA) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $415.00 target price on the specialty retailer’s stock. DA Davidson also issued estimates for Ulta Beauty’s Q1 2026 earnings at $5.62 EPS, FY2026 earnings at $22.51 EPS and FY2027 earnings at $25.83 EPS.

ULTA has been the topic of several other reports. TD Cowen raised their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a “hold” rating in a report on Wednesday, January 8th. Argus lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Barclays dropped their price target on Ulta Beauty from $445.00 to $327.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Ulta Beauty in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $427.61.

Ulta Beauty Stock Up 2.3 %

Shares of ULTA stock opened at $357.75 on Wednesday. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $460.00. The firm has a fifty day moving average of $357.16 and a 200-day moving average of $382.26. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.16.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $8.08 earnings per share. Research analysts expect that Ulta Beauty will post 23.96 earnings per share for the current year.

Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now directly owns 7,632 shares of the company’s stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ULTA. Bender Robert & Associates lifted its position in Ulta Beauty by 6.5% during the first quarter. Bender Robert & Associates now owns 22,761 shares of the specialty retailer’s stock worth $8,343,000 after acquiring an additional 1,396 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 59 shares during the last quarter. Louisbourg Investments Inc. boosted its stake in Ulta Beauty by 37.7% in the 1st quarter. Louisbourg Investments Inc. now owns 7,777 shares of the specialty retailer’s stock valued at $2,851,000 after purchasing an additional 2,130 shares during the period. Boothe Investment Group Inc. acquired a new position in Ulta Beauty in the 1st quarter valued at $7,570,000. Finally, QRG Capital Management Inc. increased its position in Ulta Beauty by 3.4% during the 1st quarter. QRG Capital Management Inc. now owns 12,571 shares of the specialty retailer’s stock worth $4,608,000 after buying an additional 416 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Ulta Beauty Company Profile

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.