B. Riley Cuts Ulta Beauty (NASDAQ:ULTA) Price Target to $330.00

Ulta Beauty (NASDAQ:ULTA) had its price target trimmed by B. Riley from $430.00 to $330.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the specialty retailer’s stock. B. Riley also issued estimates for Ulta Beauty’s Q4 2026 earnings at $7.34 EPS and FY2027 earnings at $25.00 EPS.

Several other research analysts also recently commented on the stock. Bank of America dropped their price objective on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating for the company in a report on Friday. Canaccord Genuity Group increased their price objective on shares of Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Barclays increased their price objective on shares of Ulta Beauty from $410.00 to $445.00 and gave the company an “equal weight” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $472.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Morgan Stanley dropped their price objective on shares of Ulta Beauty from $500.00 to $460.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty currently has a consensus rating of “Hold” and a consensus target price of $431.13.

Ulta Beauty Stock Performance

Shares of Ulta Beauty stock opened at $357.48 on Friday. The company has a market capitalization of $16.58 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a fifty day moving average of $385.01 and a 200 day moving average of $386.94. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $544.36.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, topping the consensus estimate of $7.13 by $1.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. Ulta Beauty’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.08 EPS. Analysts forecast that Ulta Beauty will post 23.96 EPS for the current year.

Hedge Funds Weigh In On Ulta Beauty

A number of institutional investors have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Ulta Beauty during the fourth quarter worth approximately $6,565,000. Berkeley Inc increased its position in shares of Ulta Beauty by 75.8% during the fourth quarter. Berkeley Inc now owns 10,440 shares of the specialty retailer’s stock worth $4,541,000 after acquiring an additional 4,501 shares during the period. Siemens Fonds Invest GmbH increased its position in shares of Ulta Beauty by 1,015.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 11,851 shares of the specialty retailer’s stock worth $5,154,000 after acquiring an additional 10,789 shares during the period. GHE LLC increased its position in shares of Ulta Beauty by 17.9% during the fourth quarter. GHE LLC now owns 4,076 shares of the specialty retailer’s stock worth $1,773,000 after acquiring an additional 620 shares during the period. Finally, Park Square Financial Group LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth approximately $123,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

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.