Telsey Advisory Group Comments on Ulta Beauty Q2 Earnings

Key Points

• Telsey Advisory Group raised its Q2 2026 earnings estimates for Ulta Beauty to $5.07 per share, up from a previous forecast of $4.87, maintaining an "Outperform" rating with a $590.00 price target.
• Ulta Beauty exceeded earnings expectations in its latest quarter, reporting $6.70 per share, beating the consensus estimate of $5.73, with revenue reaching $2.85 billion.
• Analysts show strong support for Ulta Beauty, with 13 "Buy" ratings and a consensus price target of $495.35, while the stock is currently experiencing a slight decline of 1.0%.

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Research analysts at Telsey Advisory Group raised their Q2 2026 earnings estimates for shares of Ulta Beauty in a research note issued on Monday, August 25th. Telsey Advisory Group analyst D. Telsey now forecasts that the specialty retailer will post earnings per share of $5.07 for the quarter, up from their prior forecast of $4.87. Telsey Advisory Group has a "Outperform" rating and a $590.00 price target 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 FY2026 earnings at $23.45 EPS, Q2 2027 earnings at $5.63 EPS and FY2027 earnings at $26.01 EPS.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.45% and a return on equity of 49.73%. The company's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $6.47 earnings per share. Ulta Beauty has set its FY 2025 guidance at 22.650-23.200 EPS.

A number of other equities analysts have also recently commented on the company. Raymond James Financial reaffirmed an "outperform" rating on shares of Ulta Beauty in a research note on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Ulta Beauty from $525.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday. DA Davidson lifted their target price on shares of Ulta Beauty from $550.00 to $585.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Barclays upgraded shares of Ulta Beauty from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $518.00 to $589.00 in a report on Friday. Finally, Wall Street Zen raised shares of Ulta Beauty from a "hold" rating to a "buy" rating in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $495.35.

Ulta Beauty Trading Down 1.0%

NASDAQ ULTA opened at $524.37 on Tuesday. The firm has a market cap of $23.57 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.19 and a beta of 1.12. Ulta Beauty has a 1-year low of $309.01 and a 1-year high of $534.10. The stock has a 50-day moving average of $495.18 and a 200-day moving average of $423.41.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ULTA. Cary Street Partners Investment Advisory LLC increased its position in shares of Ulta Beauty by 107.7% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 54 shares of the specialty retailer's stock valued at $25,000 after buying an additional 28 shares during the period. American National Bank & Trust bought a new stake in Ulta Beauty during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new position in shares of Ulta Beauty during the 1st quarter worth approximately $31,000. Hemington Wealth Management raised its position 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 worth $31,000 after acquiring an additional 40 shares in the last quarter. Finally, Rakuten Securities Inc. lifted 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 during the period. 90.39% of the stock is currently owned by institutional investors.

About Ulta Beauty

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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