Q1 EPS Estimates for Ulta Beauty Lowered by Zacks Research

Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) - Analysts at Zacks Research dropped their Q1 2026 EPS estimates for Ulta Beauty in a report released on Tuesday, April 1st. Zacks Research analyst R. Department now forecasts that the specialty retailer will post earnings of $5.73 per share for the quarter, down from their previous estimate of $6.23. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share. Zacks Research also issued estimates for Ulta Beauty's Q2 2026 earnings at $4.87 EPS, Q3 2026 earnings at $4.56 EPS, FY2026 earnings at $22.81 EPS, Q1 2027 earnings at $6.71 EPS, Q2 2027 earnings at $5.68 EPS, Q3 2027 earnings at $5.72 EPS, Q4 2027 earnings at $7.43 EPS, FY2027 earnings at $25.54 EPS and FY2028 earnings at $28.08 EPS.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business posted $8.08 EPS. Ulta Beauty's quarterly revenue was down 1.9% compared to the same quarter last year.

Several other research analysts have also commented on ULTA. Bank of America cut their price objective on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Loop Capital upped their target price on shares of Ulta Beauty from $450.00 to $480.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. DA Davidson cut their target price on Ulta Beauty from $510.00 to $415.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, StockNews.com raised Ulta Beauty from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty has an average rating of "Hold" and a consensus target price of $427.61.

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Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded down $8.40 during trading on Thursday, hitting $359.36. 1,531,940 shares of the company were exchanged, compared to its average volume of 1,046,706. The company has a market cap of $16.28 billion, a PE ratio of 14.38, a P/E/G ratio of 0.89 and a beta of 1.16. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $460.00. The stock has a 50 day moving average of $369.03 and a 200 day moving average of $385.89.

Institutional Investors Weigh In On Ulta Beauty

A number of hedge funds have recently bought and sold shares of ULTA. Smartleaf Asset Management LLC raised its position in shares of Ulta Beauty by 28.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer's stock valued at $72,000 after buying an additional 37 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Ulta Beauty by 199.5% in the 4th quarter. Savant Capital LLC now owns 4,646 shares of the specialty retailer's stock worth $2,021,000 after purchasing an additional 3,095 shares during the period. Sanctuary Advisors LLC increased its position in Ulta Beauty by 7.8% during the fourth quarter. Sanctuary Advisors LLC now owns 3,973 shares of the specialty retailer's stock valued at $1,663,000 after acquiring an additional 288 shares during the last quarter. Buckhead Capital Management LLC grew its holdings in Ulta Beauty by 15.6% during the 4th quarter. Buckhead Capital Management LLC now owns 12,088 shares of the specialty retailer's stock valued at $5,257,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of Ulta Beauty during the fourth quarter valued at approximately $348,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. This represents a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

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.