Ulta Beauty Q2 EPS Forecast Boosted by Telsey Advisory Group

Ulta Beauty, Inc. (NASDAQ:ULTA) – Telsey Advisory Group upped their Q2 2026 earnings per share (EPS) estimates for shares of Ulta Beauty in a research report issued to clients and investors on Friday, May 30th. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will post earnings of $4.87 per share for the quarter, up from their previous forecast of $4.81. Telsey Advisory Group currently has a “Outperform” rating and a $520.00 target price on the stock. The consensus estimate for Ulta Beauty’s current full-year earnings is $23.96 per share. Telsey Advisory Group also issued estimates for Ulta Beauty’s Q3 2026 earnings at $4.29 EPS, Q4 2026 earnings at $7.33 EPS, FY2026 earnings at $23.20 EPS, Q2 2027 earnings at $5.41 EPS, Q3 2027 earnings at $4.77 EPS, Q4 2027 earnings at $8.14 EPS and FY2027 earnings at $25.73 EPS.

Ulta Beauty (NASDAQ:ULTA) 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. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $6.47 EPS.

Several other equities analysts have also commented on the company. Evercore ISI boosted their price target on Ulta Beauty from $465.00 to $490.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group raised Ulta Beauty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $384.00 to $423.00 in a research report on Tuesday, April 1st. BMO Capital Markets reduced their price target on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. Stifel Nicolaus reduced their price target on Ulta Beauty from $475.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. boosted their price target on Ulta Beauty from $477.00 to $525.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $454.04.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $469.71 on Monday. The stock’s 50 day moving average price is $384.70 and its 200 day moving average price is $388.06. The firm has a market capitalization of $21.21 billion, a PE ratio of 18.80, a price-to-earnings-growth 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.

Institutional Investors Weigh In On Ulta Beauty

A number of institutional investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $15,211,000. Advisors Capital Management LLC increased its holdings in shares of Ulta Beauty by 18.5% in the 1st quarter. Advisors Capital Management LLC now owns 41,184 shares of the specialty retailer’s stock valued at $15,096,000 after acquiring an additional 6,441 shares during the last quarter. Mattson Financial Services LLC increased its holdings in shares of Ulta Beauty by 25.4% in the 1st quarter. Mattson Financial Services LLC now owns 410 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 83 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Ulta Beauty by 48.9% in the 1st quarter. Intech Investment Management LLC now owns 4,795 shares of the specialty retailer’s stock valued at $1,758,000 after acquiring an additional 1,574 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Ulta Beauty by 231.6% in the 1st quarter. Focus Partners Wealth now owns 3,744 shares of the specialty retailer’s stock valued at $1,372,000 after acquiring an additional 2,615 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jodi J. Caro sold 902 shares of the business’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 value of $332,982.32. Following the completion of the sale, the insider now directly owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% 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.