Fintel reports that on January 21, 2025, Morgan Stanley upgraded their outlook for Ulta Beauty (NasdaqGS:ULTA) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 11.13% Upside
As of December 23, 2024, the average one-year price target for Ulta Beauty is $450.07/share. The forecasts range from a low of $333.30 to a high of $535.50. The average price target represents an increase of 11.13% from its latest reported closing price of $405.01 / share.
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The projected annual revenue for Ulta Beauty is 11,485MM, an increase of 1.08%. The projected annual non-GAAP EPS is 26.70.
What is the Fund Sentiment?
There are 1,837 funds or institutions reporting positions in Ulta Beauty. This is an decrease of 47 owner(s) or 2.49% in the last quarter. Average portfolio weight of all funds dedicated to ULTA is 0.21%, an increase of 7.68%. Total shares owned by institutions decreased in the last three months by 3.17% to 48,491K shares. 
The put/call ratio of ULTA is 0.82, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,512K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 1,509K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in ULTA by 5.13% over the last quarter.
T. Rowe Price Investment Management holds 1,423K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 1,410K shares , representing an increase of 0.92%. The firm decreased its portfolio allocation in ULTA by 2.76% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 1,250K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 1,230K shares , representing an increase of 1.54%. The firm decreased its portfolio allocation in ULTA by 5.74% over the last quarter.
Geode Capital Management holds 1,189K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 1,179K shares , representing an increase of 0.85%. The firm decreased its portfolio allocation in ULTA by 6.21% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 1,010K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 1,022K shares , representing a decrease of 1.16%. The firm decreased its portfolio allocation in ULTA by 8.30% over the last quarter.
Ulta Beauty Background Information
(This description is provided by the company.)
Ulta Beauty is the largest U.S. beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. Since 1990, the Company has brought together all things beauty, all in one place with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring hair, skin, brow, and make-up services. Ulta Beauty operates retail stores across 50 states and also distributes its products through its website, which includes a collection of tips, tutorials and social content.
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