Analysts Offer Predictions for Ulta Beauty Q2 Earnings

Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) - William Blair reduced their Q2 2026 earnings per share (EPS) estimates for Ulta Beauty in a note issued to investors on Friday, May 30th. William Blair analyst D. Carden now expects that the specialty retailer will post earnings of $4.64 per share for the quarter, down from their prior forecast of $4.85. The consensus estimate for Ulta Beauty's current full-year earnings is $23.96 per share. William Blair also issued estimates for Ulta Beauty's Q4 2026 earnings at $7.52 EPS, Q2 2027 earnings at $5.47 EPS and Q3 2027 earnings at $5.03 EPS.

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

ULTA has been the topic of several other reports. The Goldman Sachs Group raised shares of Ulta Beauty from a "neutral" rating to a "buy" rating and upped their target price for the stock from $384.00 to $423.00 in a research note on Tuesday, April 1st. DA Davidson upped their price objective on Ulta Beauty from $415.00 to $485.00 and gave the stock a "buy" rating in a research report on Friday. Oppenheimer increased their price objective on Ulta Beauty from $465.00 to $510.00 and gave the company an "outperform" rating in a research note on Friday. Argus lowered Ulta Beauty from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, Telsey Advisory Group upped their price target on Ulta Beauty from $460.00 to $520.00 and gave the stock an "outperform" rating in a report on Friday. One 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 data from MarketBeat.com, Ulta Beauty has an average rating of "Hold" and an average target price of $460.91.

Ulta Beauty Stock Performance

Shares of ULTA traded down $2.56 during mid-day trading on Monday, hitting $473.11. 667,261 shares of the company's stock were exchanged, compared to its average volume of 1,051,444. The stock's 50-day moving average is $386.78 and its 200-day moving average is $388.83. Ulta Beauty has a fifty-two week low of $309.01 and a fifty-two week high of $491.98. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.89 and a beta of 1.06.

Hedge Funds Weigh In On Ulta Beauty

Several institutional investors have recently bought and sold shares of ULTA. LaFleur & Godfrey LLC increased its stake in shares of Ulta Beauty by 32.1% during the fourth quarter. LaFleur & Godfrey LLC now owns 2,455 shares of the specialty retailer's stock worth $1,068,000 after acquiring an additional 596 shares during the period. Blue Trust Inc. boosted its holdings in Ulta Beauty by 18.8% in the 4th quarter. Blue Trust Inc. now owns 285 shares of the specialty retailer's stock valued at $124,000 after purchasing an additional 45 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Ulta Beauty by 2.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,548 shares of the specialty retailer's stock worth $3,718,000 after purchasing an additional 185 shares during the period. Caprock Group LLC raised its stake in shares of Ulta Beauty by 7.1% during the 4th quarter. Caprock Group LLC now owns 4,654 shares of the specialty retailer's stock worth $2,024,000 after buying an additional 307 shares in the last quarter. Finally, Clear Creek Financial Management LLC raised its stake in shares of Ulta Beauty by 4.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 832 shares of the specialty retailer's stock worth $362,000 after buying an additional 35 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 7,632 shares in the company, valued at $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by insiders.

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.