Ulta Beauty Likely To Report Higher Q4 Earnings, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Ulta Beauty, Inc. ULTA is expected to report financial results for the fourth quarter and full year ended Jan. 28, 2023 on March 9, 2023, after the closing bell.

Analysts expect the company to post quarterly earnings at $5.65 per share, up from $5.41 per share in the year-ago period. The company’s revenue might come in at $3.02 billion.

Ulta Beauty shares fell 0.4% to close at $524.10 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Kelly Crago maintained a Neutral rating and raised the price target from $500 to $530 on March 3, 2023. This analyst sees over 1% upside in the company’s stock and has an accuracy rate of 79%.
• Oppenheimer analyst Rupesh Parikh maintained an Outperform rating on Feb. 9, 2023, and raised the price target of $535 to $600. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 74%.
• Barclays analyst Adrienne Yih maintained an Overweight rating and boosted the price target from $511 to $548 on Dec. 5, 2022. This analyst sees around 5% upside in the company’s stock and has an accuracy rate of 73%.
• Wells Fargo analyst Ike Boruchow downgraded the stock from Equal-Weight to Underweight and cut the price target from $450 to $400 on Jan. 6, 2023. This analyst sees around 24% downside in the company’s stock and has an accuracy rate of 66%.
• Goldman Sachs analyst Kate McShane downgraded the stock from Buy to Neutral and cut the price target from $511 to $508 on Dec. 12, 2022. This analyst sees around 3% downside in the company’s stock and has an accuracy rate of 67%.

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