DA Davidson Has Positive View of Ulta Beauty FY2026 Earnings

Key Points

• DA Davidson raised its FY2026 earnings per share estimate for Ulta Beauty to $24.17, up from $23.49, while maintaining a "Buy" rating with a target price of $625.00.
• Ulta Beauty reported Q2 earnings of $5.78 per share, surpassing expectations, with revenue of $2.79 billion, a 9.3% increase year-over-year.
• The company has received multiple ratings from analysts, with a current consensus rating of "Hold" and a target price averaging $534.75.

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Stock analysts at DA Davidson lifted their FY2026 earnings estimates for Ulta Beauty in a research report issued on Friday, August 29th. DA Davidson analyst M. Baker now forecasts that the specialty retailer will post earnings of $24.17 per share for the year, up from their prior estimate of $23.49. DA Davidson has a "Buy" rating and a $625.00 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 FY2027 earnings at $27.26 EPS.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 EPS for the quarter, beating analysts' consensus estimates of $5.03 by $0.75. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.30 earnings per share.

Other analysts also recently issued reports about the stock. Loop Capital reissued a "hold" rating and issued a $510.00 target price on shares of Ulta Beauty in a research report on Friday, July 25th. Oppenheimer raised their price target on Ulta Beauty from $510.00 to $600.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Evercore ISI boosted their target price on shares of Ulta Beauty from $595.00 to $640.00 and gave the stock an "outperform" rating in a research report on Friday. Wells Fargo & Company boosted their target price on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, Barclays boosted their target price on shares of Ulta Beauty from $589.00 to $617.00 and gave the stock an "overweight" rating in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $536.75.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded up $39.79 during trading hours on Monday, hitting $532.52. The stock had a trading volume of 2,198,905 shares, compared to its average volume of 758,975. The company has a market capitalization of $23.88 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.88 and a beta of 1.06. The firm's 50-day moving average price is $499.42 and its two-hundred day moving average price is $428.49. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $538.59.

Institutional Investors Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Ulta Beauty by 107.7% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer's stock valued at $25,000 after purchasing an additional 28 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at $31,000. Hemington Wealth Management boosted its stake in shares of Ulta Beauty by 142.9% in the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Ulta Beauty by 218.5% in the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds 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.