What is B. Riley's Forecast for Ulta Beauty FY2026 Earnings?

Key Points

• B. Riley raised its FY2026 earnings per share forecast for Ulta Beauty to $24.13, up from a previous estimate of $23.10, surpassing the consensus estimate of $23.96.
• Ulta Beauty reported strong quarterly earnings of $5.78 per share, exceeding expectations by $0.75, with revenues up 9.3% year-over-year.
• Multiple analysts have increased their target prices for Ulta Beauty, with Goldman Sachs raising it to $584 and Telsey Advisory Group to $590, both rating the stock as a "buy".

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Stock analysts at B. Riley upped their FY2026 EPS estimates for shares of Ulta Beauty in a research note issued on Thursday, August 28th. B. Riley analyst A. Glaessgen now expects that the specialty retailer will earn $24.13 per share for the year, up from their previous forecast of $23.10. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share. B. Riley also issued estimates for Ulta Beauty's Q4 2026 earnings at $6.81 EPS, Q1 2027 earnings at $7.32 EPS, Q2 2027 earnings at $6.39 EPS, Q3 2027 earnings at $5.36 EPS, Q4 2027 earnings at $7.50 EPS and FY2027 earnings at $26.56 EPS.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the company posted $5.30 EPS. The company's revenue was up 9.3% compared to the same quarter last year.

A number of other research analysts also recently issued reports on ULTA. Morgan Stanley upped their target price on shares of Ulta Beauty from $550.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $400.00 to $425.00 and gave the company an "underweight" rating in a research report on Friday. Piper Sandler restated a "neutral" rating and set a $437.00 target price (up from $386.00) on shares of Ulta Beauty in a research report on Friday, May 30th. Raymond James Financial restated an "outperform" rating and set a $605.00 target price (up from $580.00) on shares of Ulta Beauty in a research report on Friday. Finally, Oppenheimer upped their price target on Ulta Beauty from $510.00 to $600.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Thirteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ulta Beauty has an average rating of "Hold" and an average price target of $536.75.

Ulta Beauty Stock Performance

Ulta Beauty stock traded up $39.79 during trading hours on Monday, reaching $532.52. 2,198,905 shares of the company's stock traded hands, compared to its average volume of 758,975. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $538.59. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.88 and a beta of 1.06. The firm's 50 day moving average is $499.42 and its 200-day moving average is $428.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ULTA. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Ulta Beauty by 107.7% in 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 acquired a new position in Ulta Beauty during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in Ulta Beauty during the 1st quarter worth approximately $31,000. Hemington Wealth Management boosted its position in Ulta Beauty by 142.9% during 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 during the last quarter. Finally, Rakuten Securities Inc. boosted its position in Ulta Beauty by 218.5% during the 1st quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after acquiring an additional 59 shares during 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.