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Bank of America Securities Reaffirms Their Buy Rating on Ulta Beauty (ULTA)

Tipranks - Tipranks - Thu Jun 4, 6:52AM CDT

Bank of America Securities analyst Lorraine Hutchinson reiterated a Buy rating on Ulta Beauty today and set a price target of $685.00.

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According to TipRanks, Hutchinson is a 3-star analyst with an average return of 1.7% and a 51.41% success rate. Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as Burlington Stores, Ross Stores, and TJX Companies.

In addition to Bank of America Securities, Ulta Beauty also received a Buy from Piper Sandler’s Anna Andreeva in a report issued today. However, on the same day, Wells Fargo maintained a Sell rating on Ulta Beauty (NASDAQ: ULTA).

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Based on Ulta Beauty’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $3.9 billion and a net profit of $356.68 million. In comparison, last year the company earned a revenue of $3.49 billion and had a net profit of $393.27 million

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULTA in relation to earlier this year. Most recently, in April 2026, George Mrkonic, a Director at ULTA sold 452.00 shares for a total of $243,759.08.

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