Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) - Telsey Advisory Group lowered their Q2 2026 earnings per share (EPS) estimates for Ulta Beauty in a research report issued on Friday, March 14th. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will post earnings of $4.81 per share for the quarter, down from their previous forecast of $5.23. Telsey Advisory Group has a "Outperform" rating and a $500.00 price objective on the stock. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share. Telsey Advisory Group also issued estimates for Ulta Beauty's Q3 2026 earnings at $4.59 EPS, FY2026 earnings at $22.84 EPS and FY2027 earnings at $25.46 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 return on equity of 51.95% and a net margin of 10.58%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the company posted $8.08 earnings per share. The company's revenue was down 1.9% compared to the same quarter last year.
Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group lowered their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their target price on Ulta Beauty from $480.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Bank of America reduced their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. B. Riley cut their price target on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Finally, Barclays cut their price target on Ulta Beauty from $445.00 to $327.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $427.13.
Check Out Our Latest Report on Ulta Beauty
Ulta Beauty Price Performance
ULTA stock traded down $2.41 during mid-day trading on Monday, hitting $341.32. 473,361 shares of the stock were exchanged, compared to its average volume of 1,038,633. The business has a fifty day moving average price of $380.41 and a 200 day moving average price of $386.50. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $532.70. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.89 and a beta of 1.34.
Hedge Funds Weigh In On Ulta Beauty
Institutional investors and hedge funds have recently bought and sold shares of the stock. Apollon Wealth Management LLC lifted its position in shares of Ulta Beauty by 44.7% in the third quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer's stock valued at $544,000 after acquiring an additional 432 shares in the last quarter. KBC Group NV lifted its position in shares of Ulta Beauty by 305.3% in the third quarter. KBC Group NV now owns 29,726 shares of the specialty retailer's stock valued at $11,567,000 after acquiring an additional 22,392 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Ulta Beauty by 6.0% in the third quarter. Metis Global Partners LLC now owns 3,104 shares of the specialty retailer's stock valued at $1,208,000 after acquiring an additional 176 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Ulta Beauty by 1.3% in the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer's stock valued at $1,257,000 after acquiring an additional 42 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of Ulta Beauty by 970.0% in the third quarter. Mizuho Securities USA LLC now owns 39,503 shares of the specialty retailer's stock valued at $15,371,000 after acquiring an additional 35,811 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
About Ulta Beauty
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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.
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