Telsey Advisory Group Forecasts Ulta Beauty Q3 Earnings

Ulta Beauty Inc. (NASDAQ:ULTA) – Analysts at Telsey Advisory Group lifted their Q3 2026 EPS estimates for shares of Ulta Beauty in a report issued on Friday, August 29th. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will post earnings of $4.39 per share for the quarter, up from their previous forecast of $4.31. Telsey Advisory Group currently has a “Outperform” rating and a $590.00 price target 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 Q4 2026 earnings at $7.40 EPS, FY2026 earnings at $24.30 EPS, Q1 2027 earnings at $7.38 EPS, Q3 2027 earnings at $4.98 EPS and FY2027 earnings at $26.88 EPS.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $605.00 target price (up previously from $580.00) on shares of Ulta Beauty in a research note on Friday. UBS Group boosted their price objective on Ulta Beauty from $640.00 to $680.00 and gave the stock a “buy” rating in a research note on Friday. Barclays raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $518.00 to $589.00 in a research note on Friday, August 22nd. Evercore ISI boosted their price target on shares of Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Truist Financial increased 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. Thirteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $534.75.

Ulta Beauty Trading Down 7.1%

NASDAQ:ULTA opened at $492.73 on Monday. The stock has a 50 day moving average of $498.99 and a two-hundred day moving average of $427.60. The firm has a market cap of $22.09 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.88 and a beta of 1.06. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $538.59.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, topping the consensus estimate of $5.03 by $0.75. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $5.30 EPS.

Hedge Funds Weigh In On Ulta Beauty

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Ulta Beauty by 17.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,092 shares of the specialty retailer’s stock valued at $2,190,000 after acquiring an additional 924 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Ulta Beauty by 14.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,179 shares of the specialty retailer’s stock worth $435,000 after purchasing an additional 152 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Ulta Beauty in the 1st quarter valued at about $201,000. Farther Finance Advisors LLC boosted its stake in shares of Ulta Beauty by 128.9% in the 1st quarter. Farther Finance Advisors LLC now owns 737 shares of the specialty retailer’s stock valued at $275,000 after buying an additional 415 shares during the period. Finally, Kaufman Rossin Wealth LLC acquired a new position in shares of Ulta Beauty during the first quarter worth about $250,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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.