Ulta Beauty (NASDAQ:ULTA) Receives Outperform Rating from Telsey Advisory Group

Ulta Beauty (NASDAQ:ULTA)‘s stock had its “outperform” rating reiterated by investment analysts at Telsey Advisory Group in a research note issued to investors on Monday,Benzinga reports. They presently have a $500.00 target price on the specialty retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 41.05% from the company’s previous close. Telsey Advisory Group also issued estimates for Ulta Beauty’s Q1 2026 earnings at $6.21 EPS.

Several other research analysts also recently commented on the company. StockNews.com upgraded Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Canaccord Genuity Group raised their price target on Ulta Beauty from $500.00 to $538.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley raised shares of Ulta Beauty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, February 19th. Stifel Nicolaus raised their target price on shares of Ulta Beauty from $455.00 to $475.00 and gave the company a “hold” rating in a research report on Tuesday, January 7th. Finally, Piper Sandler upped their price target on shares of Ulta Beauty from $390.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $459.22.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA opened at $354.48 on Monday. The firm’s 50 day simple moving average is $392.74 and its 200-day simple moving average is $387.98. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76. The firm has a market cap of $16.44 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Institutional Trading of Ulta Beauty

Several large investors have recently made changes to their positions in ULTA. Cornerstone Investment Partners LLC lifted its position in Ulta Beauty by 3.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 25 shares during the period. RWA Wealth Partners LLC raised its stake in shares of Ulta Beauty by 1.5% during the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after buying an additional 28 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Ulta Beauty by 5.0% in the 4th quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 30 shares during the period. Colonial Trust Co SC boosted its stake in shares of Ulta Beauty by 36.9% in the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock worth $50,000 after buying an additional 31 shares during the last quarter. Finally, Stonegate Investment Group LLC grew its holdings in Ulta Beauty by 0.5% during the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock worth $2,881,000 after acquiring an additional 34 shares during the period. 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.