Brokers Offer Predictions for Ulta Beauty Q3 Earnings

Key Points

• Telsey Advisory Group has raised its Q3 2026 EPS estimate for Ulta Beauty to $4.39, up from $4.31, maintaining an "Outperform" rating with a price target of $590.
• Ulta Beauty reported Q2 earnings of $5.78 per share, exceeding the consensus estimate of $5.03, with revenue of $2.79 billion for the quarter.
• Institutional investors own 90.39% of Ulta Beauty's stock, reflecting strong interest from large investors in the company.

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Investment analysts at Telsey Advisory Group boosted their Q3 2026 earnings per share (EPS) estimates for shares of Ulta Beauty in a research report issued on Friday, August 29th. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will post earnings of $4.39 per share for the quarter, up from their prior forecast of $4.31. Telsey Advisory Group has a "Outperform" rating and a $610.00 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 Q4 2026 earnings at $7.40 EPS, FY2026 earnings at $24.30 EPS, Q1 2027 earnings at $7.38 EPS, Q3 2027 earnings at $4.98 EPS and FY2027 earnings at $26.88 EPS.

A number of other analysts have also commented on the company. Morgan Stanley raised their price target on Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a research note on Friday. Oppenheimer lifted their target price on shares of Ulta Beauty from $510.00 to $600.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Robert W. Baird boosted their price target on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an "outperform" rating in a research report on Friday. Jefferies Financial Group boosted their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the company a "hold" rating in a research report on Tuesday, August 26th. Finally, Loop Capital reiterated a "hold" rating and set a $510.00 price target on shares of Ulta Beauty in a research report on Friday, July 25th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $536.75.

Ulta Beauty Stock Performance

Shares of NASDAQ ULTA traded up $39.79 during mid-day trading on Monday, hitting $532.52. The stock had a trading volume of 2,198,905 shares, compared to its average volume of 758,975. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $538.59. The business has a 50 day moving average price of $499.42 and a two-hundred day moving average price of $428.49. The firm has a market cap of $23.88 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 2.88 and a beta of 1.06.

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

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC bought a new position in shares of Ulta Beauty during the second quarter valued at $275,000. Neuberger Berman Group LLC increased its holdings in shares of Ulta Beauty by 22.0% during the second quarter. Neuberger Berman Group LLC now owns 39,422 shares of the specialty retailer's stock valued at $18,442,000 after acquiring an additional 7,113 shares in the last quarter. Stance Capital LLC bought a new position in shares of Ulta Beauty during the second quarter valued at $3,809,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Ulta Beauty during the second quarter valued at $479,000. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of Ulta Beauty by 52.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer's stock valued at $36,000 after buying an additional 26 shares during the last quarter. 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.