What is DA Davidson's Forecast for Ulta Beauty Q1 Earnings?

Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) - Research analysts at DA Davidson decreased their Q1 2026 earnings per share estimates for Ulta Beauty in a report issued on Thursday, April 17th. DA Davidson analyst M. Baker now anticipates that the specialty retailer will post earnings per share of $5.62 for the quarter, down from their previous forecast of $5.76. DA Davidson has a "Buy" rating and a $415.00 price target on the stock. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share. DA Davidson also issued estimates for Ulta Beauty's FY2026 earnings at $22.51 EPS and FY2027 earnings at $25.83 EPS.

A number of other analysts have also issued reports on ULTA. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and increased their price target for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. Bank of America lowered their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Canaccord Genuity Group lowered their target price on Ulta Beauty from $538.00 to $526.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company cut their price target on Ulta Beauty from $360.00 to $310.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Finally, Morgan Stanley lowered their price target on Ulta Beauty from $500.00 to $460.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $427.61.

Ulta Beauty Stock Up 0.3 %

Shares of ULTA stock traded up $1.04 during trading hours on Friday, reaching $379.71. 353,765 shares of the stock traded hands, compared to its average volume of 1,053,111. The firm has a market capitalization of $17.20 billion, a PE ratio of 15.19, a PEG ratio of 0.89 and a beta of 1.16. Ulta Beauty has a 1-year low of $309.01 and a 1-year high of $460.00. The business has a fifty day moving average price of $357.37 and a 200 day moving average price of $382.25.

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

Insider Buying and Selling at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total transaction of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.39% of the company's stock.

Hedge Funds Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mattern Capital Management LLC raised its stake in Ulta Beauty by 15.7% during the first quarter. Mattern Capital Management LLC now owns 2,027 shares of the specialty retailer's stock worth $743,000 after acquiring an additional 275 shares in the last quarter. Global Assets Advisory LLC increased its position in shares of Ulta Beauty by 197.8% during the 1st quarter. Global Assets Advisory LLC now owns 3,600 shares of the specialty retailer's stock worth $1,278,000 after purchasing an additional 2,391 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in Ulta Beauty by 2.3% during the 1st quarter. Moran Wealth Management LLC now owns 15,378 shares of the specialty retailer's stock valued at $5,637,000 after purchasing an additional 339 shares during the last quarter. International Assets Investment Management LLC boosted its position in Ulta Beauty by 6.5% in the first quarter. International Assets Investment Management LLC now owns 3,528 shares of the specialty retailer's stock valued at $1,293,000 after buying an additional 215 shares in the last quarter. Finally, LaFleur & Godfrey LLC grew its stake in Ulta Beauty by 1.2% during the first quarter. LaFleur & Godfrey LLC now owns 2,485 shares of the specialty retailer's stock worth $911,000 after buying an additional 30 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

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.