Q2 Earnings Forecast for Ulta Beauty Issued By DA Davidson

Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) - Stock analysts at DA Davidson issued their Q2 2026 earnings estimates for Ulta Beauty in a research report issued on Friday, May 30th. DA Davidson analyst M. Baker forecasts that the specialty retailer will post earnings of $4.69 per share for the quarter. DA Davidson has a "Buy" rating and a $485.00 price objective on the stock. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.47 EPS.

A number of other brokerages also recently commented on ULTA. BMO Capital Markets lowered their price objective on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating for the company in a research note on Friday, March 14th. Citigroup increased their price objective on shares of Ulta Beauty from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday. Bank of America reduced their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Truist Financial raised their price target on shares of Ulta Beauty from $364.00 to $386.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, Raymond James reiterated an "outperform" rating and set a $500.00 price objective (up from $450.00) on shares of Ulta Beauty in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $460.91.

Ulta Beauty Stock Down 0.5%

Shares of NASDAQ:ULTA traded down $2.56 during trading on Monday, hitting $473.11. 667,261 shares of the company traded hands, compared to its average volume of 1,051,444. The business's fifty day moving average is $386.78 and its 200-day moving average is $388.83. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.89 and a beta of 1.06. Ulta Beauty has a one year low of $309.01 and a one year high of $491.98.

Insider Transactions at Ulta Beauty

In other news, insider Jodi J. Caro sold 902 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now directly owns 7,632 shares of the company's stock, valued at $2,817,429.12. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently modified their holdings of the stock. LaFleur & Godfrey LLC raised its holdings in Ulta Beauty by 32.1% during the 4th quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock worth $1,068,000 after buying an additional 596 shares during the period. Blue Trust Inc. raised its holdings in shares of Ulta Beauty by 18.8% during the fourth quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer's stock valued at $124,000 after acquiring an additional 45 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Ulta Beauty by 2.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer's stock valued at $3,718,000 after acquiring an additional 185 shares in the last quarter. Caprock Group LLC boosted its stake in Ulta Beauty by 7.1% in the 4th quarter. Caprock Group LLC now owns 4,654 shares of the specialty retailer's stock worth $2,024,000 after purchasing an additional 307 shares during the period. Finally, Clear Creek Financial Management LLC boosted its stake in Ulta Beauty by 4.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock worth $362,000 after purchasing an additional 35 shares during the period. 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.