Q3 Earnings Forecast for Ulta Beauty Issued By William Blair

Key Points

• William Blair has raised Q3 2026 earnings estimates for Ulta Beauty from $4.29 to $4.58 per share, also forecasting Q4 2026 earnings at $7.10 per share and FY2026 earnings at $24.16 per share.
• Ulta Beauty reported $5.78 earnings per share for the last quarter, exceeding analysts' expectations of $5.03, with revenues of $2.79 billion, 9.3% higher year-over-year.
• Analysts' ratings on Ulta Beauty are predominantly positive, with a consensus of and an average target price of $534.75, while UBS Group has increased its price target to $680.00.

Ulta Beauty Inc. (NASDAQ:ULTA - Free Report) - Stock analysts at William Blair raised their Q3 2026 earnings estimates for shares of Ulta Beauty in a report issued on Friday, August 29th. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings of $4.58 per share for the quarter, up from their previous forecast of $4.29. 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 $7.10 EPS, FY2026 earnings at $24.16 EPS, Q1 2027 earnings at $7.16 EPS, Q3 2027 earnings at $5.22 EPS, Q4 2027 earnings at $8.25 EPS and FY2027 earnings at $26.75 EPS.

Several other analysts have also issued reports on ULTA. Canaccord Genuity Group set a $650.00 target price on shares of Ulta Beauty in a research note on Friday. Raymond James Financial reiterated an "outperform" rating and issued a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a research note on Friday. Wells Fargo & Company upped their target price on shares of Ulta Beauty from $400.00 to $425.00 and gave the stock an "underweight" rating in a research note on Friday. Morgan Stanley boosted their price target on shares of Ulta Beauty from $550.00 to $600.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Oppenheimer boosted their price target on shares of Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Thirteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ulta Beauty currently has a consensus rating of "Hold" and an average target price of $536.75.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA traded up $39.79 during trading on Monday, hitting $532.52. The stock had a trading volume of 2,198,905 shares, compared to its average volume of 758,975. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $538.59. The company has a market capitalization of $23.88 billion, a PE ratio of 20.42, a PEG ratio of 2.88 and a beta of 1.06. The firm has a fifty day moving average of $499.42 and a two-hundred day moving average of $428.49.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the business posted $5.30 EPS. Ulta Beauty's revenue for the quarter was up 9.3% compared to the same quarter last year.

Institutional Investors Weigh In On Ulta Beauty

Several hedge funds and other institutional investors have recently modified their holdings of ULTA. Cary Street Partners Investment Advisory LLC increased its position in shares of 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 valued at $25,000 after buying an additional 28 shares during the period. American National Bank & Trust bought a new stake in shares of Ulta Beauty during the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Ulta Beauty during the first quarter valued at about $31,000. Hemington Wealth Management increased its position in shares of Ulta Beauty by 142.9% in the second quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 40 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Ulta Beauty by 218.5% in the first quarter. Rakuten Securities Inc. now owns 86 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 59 shares during the last quarter. 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.