Ulta Beauty Q3 EPS Forecast Raised by Telsey Advisory Group

Key Points

• Telsey Advisory Group has raised its Q3 2026 earnings estimate for Ulta Beauty to $4.31 per share, slightly up from the previous estimate of $4.29, maintaining an "Outperform" rating and a price target of $590.00.
• Ulta Beauty's recent earnings report showed a significant beat with an EPS of $6.70, surpassing the consensus estimate of $5.73, alongside a year-over-year revenue increase of 4.5%.
• Thirteen analysts have rated Ulta Beauty's stock as a Buy, while twelve have given a Hold rating, reflecting overall positive sentiment towards the company's performance.

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Analysts at Telsey Advisory Group upped their Q3 2026 earnings estimates for shares of Ulta Beauty in a note issued to investors on Monday, August 25th. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will earn $4.31 per share for the quarter, up from their previous estimate of $4.29. Telsey Advisory Group has a "Outperform" rating and a $590.00 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 $7.36 EPS, Q3 2027 earnings at $4.79 EPS and Q4 2027 earnings at $8.18 EPS.

Several other research analysts have also recently commented on the stock. Evercore ISI upped their target price on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Robert W. Baird upped their target price on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $350.00 to $400.00 and gave the stock an "underweight" rating in a research report on Friday, August 15th. Piper Sandler reiterated a "neutral" rating and issued a $437.00 price objective (up from $386.00) on shares of Ulta Beauty in a report on Friday, May 30th. Finally, Loop Capital reiterated a "hold" rating and issued a $510.00 price objective on shares of Ulta Beauty in a report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $498.88.

Ulta Beauty Trading Up 0.3%

NASDAQ ULTA opened at $526.06 on Wednesday. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $534.10. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12. The company has a 50-day moving average price of $496.27 and a two-hundred day moving average price of $424.13.

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

Institutional Trading of Ulta Beauty

Large investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC boosted its holdings in 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 worth $25,000 after buying an additional 28 shares in the last quarter. Hemington Wealth Management boosted its holdings in Ulta Beauty by 142.9% during the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock worth $31,000 after buying an additional 40 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Ulta Beauty during the second quarter worth approximately $35,000. Newbridge Financial Services Group Inc. boosted its holdings in Ulta Beauty by 52.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 76 shares of the specialty retailer's stock worth $36,000 after buying an additional 26 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in Ulta Beauty during the first quarter worth approximately $29,000. 90.39% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.