What is DA Davidson's Forecast for Ulta Beauty Q2 Earnings?

Key Points

• DA Davidson raised its Q2 2026 earnings per share forecast for Ulta Beauty to $5.03, an increase from the previous estimate of $4.69, maintaining a "Buy" rating with a price target of $585.00.
• Ulta Beauty reported a quarterly EPS of $6.70, surpassing analyst expectations of $5.73, with revenue of $2.85 billion reflecting a year-over-year growth of 4.5%.
• Analysis shows mixed ratings for Ulta Beauty, with one sell rating, thirteen hold ratings, and twelve buy ratings from investment analysts, resulting in an average consensus rating of "Hold" and a price target of $469.09.

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Analysts at DA Davidson raised their Q2 2026 earnings per share (EPS) estimates for Ulta Beauty in a research report issued to clients and investors on Friday, August 1st. DA Davidson analyst M. Baker now forecasts that the specialty retailer will post earnings per share of $5.03 for the quarter, up from their previous forecast of $4.69. DA Davidson has a "Buy" rating and a $585.00 price objective on the stock. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share. DA Davidson also issued estimates for Ulta Beauty's FY2026 earnings at $23.49 EPS and FY2027 earnings at $26.67 EPS.

Several other brokerages also recently weighed in on ULTA. Barclays raised their target price on Ulta Beauty from $327.00 to $485.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Evercore ISI raised their price objective on Ulta Beauty from $465.00 to $490.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Citigroup upped their target price on Ulta Beauty from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Friday, May 30th. Argus downgraded shares of Ulta Beauty from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Finally, Morgan Stanley upped their price target on shares of Ulta Beauty from $460.00 to $550.00 and gave the company an "overweight" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and a consensus price target of $469.09.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $507.73 on Monday. Ulta Beauty has a 12-month low of $309.01 and a 12-month high of $523.68. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.07 and a beta of 1.12. The firm's fifty day moving average price is $475.19 and its 200 day moving average price is $411.50.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly 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 return on equity of 49.73% and a net margin of 10.45%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the company posted $6.47 EPS. Ulta Beauty's revenue for the quarter was up 4.5% on a year-over-year basis.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently modified their holdings of the company. Motco increased its holdings in shares of Ulta Beauty by 5.4% in the 2nd quarter. Motco now owns 22,396 shares of the specialty retailer's stock worth $11,534,000 after acquiring an additional 1,144 shares during the period. Motley Fool Asset Management LLC grew its position in Ulta Beauty by 7.3% in the 2nd quarter. Motley Fool Asset Management LLC now owns 1,283 shares of the specialty retailer's stock worth $600,000 after purchasing an additional 87 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Ulta Beauty by 12.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,602 shares of the specialty retailer's stock valued at $6,363,000 after purchasing an additional 1,500 shares during the period. Advisory Alpha LLC bought a new stake in shares of Ulta Beauty during the second quarter valued at approximately $249,000. Finally, SYM FINANCIAL Corp acquired a new position in shares of Ulta Beauty during the second quarter worth approximately $351,000. Institutional investors and hedge funds own 90.39% of the company's stock.

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.

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