Telsey Advisory Group Predicts Ulta Beauty Q2 Earnings

Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) - Equities research analysts at Telsey Advisory Group upped their Q2 2026 earnings estimates for Ulta Beauty in a report issued on Friday, May 30th. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will post earnings per share of $4.87 for the quarter, up from their previous estimate of $4.81. Telsey Advisory Group currently has a "Outperform" rating and a $520.00 target price 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 $4.29 EPS, Q4 2026 earnings at $7.33 EPS, FY2026 earnings at $23.20 EPS, Q2 2027 earnings at $5.41 EPS, Q3 2027 earnings at $4.77 EPS, Q4 2027 earnings at $8.14 EPS and FY2027 earnings at $25.73 EPS.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.97. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business posted $6.47 earnings per share. Ulta Beauty's revenue for the quarter was up 4.5% compared to the same quarter last year.

A number of other equities research analysts have also commented on the stock. Canaccord Genuity Group raised their price objective on shares of Ulta Beauty from $510.00 to $542.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Oppenheimer raised their price objective on shares of Ulta Beauty from $465.00 to $510.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Barclays raised their price objective on shares of Ulta Beauty from $327.00 to $485.00 and gave the stock an "equal weight" rating in a report on Monday. BMO Capital Markets lowered their price target on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Finally, UBS Group lifted their price target on shares of Ulta Beauty from $490.00 to $525.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Ulta Beauty presently has an average rating of "Hold" and an average price target of $460.91.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA traded up $1.40 during midday trading on Monday, reaching $467.04. 575,136 shares of the stock were exchanged, compared to its average volume of 1,049,138. The business has a 50-day simple moving average of $390.96 and a two-hundred day simple moving average of $389.94. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.89 and a beta of 1.06. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $491.98.

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Investment Partners LLC raised its position in Ulta Beauty by 3.9% in the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 25 shares in the last quarter. Wambolt & Associates LLC raised its position in Ulta Beauty by 1.6% in the 1st quarter. Wambolt & Associates LLC now owns 1,673 shares of the specialty retailer's stock valued at $626,000 after purchasing an additional 26 shares in the last quarter. Westside Investment Management Inc. raised its position in Ulta Beauty by 32.5% in the 1st quarter. Westside Investment Management Inc. now owns 110 shares of the specialty retailer's stock valued at $40,000 after purchasing an additional 27 shares in the last quarter. RWA Wealth Partners LLC raised its position in Ulta Beauty by 1.5% in the 4th quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer's stock valued at $812,000 after purchasing an additional 28 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in Ulta Beauty by 4.3% in the 1st quarter. Procyon Advisors LLC now owns 707 shares of the specialty retailer's stock valued at $259,000 after purchasing an additional 29 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 902 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. This trade represents a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

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.