Ulta Beauty shares soar on raised outlook; analysts turn positive

Ulta Beauty

30/05/2025 09:29

** Shares of cosmetics seller Ulta Beauty ULTA.O up 8.3% at $456.80 in premarket trading

** Co raised its annual profit forecast after beating quarterly results on Thursday

** Canaccord Genuity raised its PT to street high of $542 from $510

** Brokerage is optimistic about co’s “Unleashed” strategy, crediting its strong performance and raised outlook to exclusive brand launches and digital investments that helped it outperform competitors

** "We expect Ulta to launch more health & wellness offerings and their marketplace platform to help with accretive opportunities" - brokerage

** At least 4 brokerages increased their PT post the results

** Co now expects annual profit to be in the range of $22.65 to $23.20 per share, vs prior forecast of $22.50 to $22.90 per share

** Analysts' average rating is equivalent of "hold"; median PT $432 - data compiled by LSEG

** As of last close, shares down ~3% YTD

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))