Telsey Advisory Group Predicts Ulta Beauty Q3 Earnings

Ulta Beauty Inc. (NASDAQ:ULTA) – Research analysts at Telsey Advisory Group upped their Q3 2026 earnings per share (EPS) estimates for Ulta Beauty in a research note issued to investors on Monday, December 1st. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will earn $4.58 per share for the quarter, up from their prior forecast of $4.39. Telsey Advisory Group currently has a “Outperform” rating and a $610.00 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 Q4 2026 earnings at $7.43 EPS, FY2026 earnings at $24.52 EPS, Q3 2027 earnings at $5.18 EPS and FY2027 earnings at $27.12 EPS.

ULTA has been the topic of several other research reports. Bank of America lifted their price objective on shares of Ulta Beauty from $500.00 to $575.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Raymond James Financial reiterated an “outperform” rating and issued a $605.00 price target (up previously from $580.00) on shares of Ulta Beauty in a research note on Friday, August 29th. Oppenheimer raised their price objective on Ulta Beauty from $510.00 to $600.00 and gave the company an “outperform” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group lifted their target price on Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Evercore ISI increased their price target on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ulta Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $549.83.

Ulta Beauty Trading Up 0.1%

NASDAQ ULTA opened at $548.05 on Tuesday. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $572.23. The stock has a market cap of $24.57 billion, a PE ratio of 21.01, a P/E/G ratio of 3.62 and a beta of 0.87. The stock’s 50 day moving average is $531.39 and its 200 day moving average is $504.15.

Insiders Place Their Bets

In other news, Director Mike C. Smith sold 500 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $528.43, for a total value of $264,215.00. Following the sale, the director owned 2,263 shares of the company’s stock, valued at approximately $1,195,837.09. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Cetera Investment Advisers grew its position in Ulta Beauty by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 11,772 shares of the specialty retailer’s stock valued at $4,315,000 after acquiring an additional 338 shares during the last quarter. Natixis Advisors LLC boosted its position in Ulta Beauty by 13.8% in the 1st quarter. Natixis Advisors LLC now owns 27,119 shares of the specialty retailer’s stock valued at $9,940,000 after buying an additional 3,297 shares during the period. Costello Asset Management INC bought a new stake in shares of Ulta Beauty during the first quarter valued at approximately $37,000. Nicholas Hoffman & Company LLC. raised its stake in shares of Ulta Beauty by 33.2% during the first quarter. Nicholas Hoffman & Company LLC. now owns 2,005 shares of the specialty retailer’s stock valued at $735,000 after acquiring an additional 500 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in shares of Ulta Beauty by 5.0% in the first quarter. Citizens Financial Group Inc. RI now owns 2,219 shares of the specialty retailer’s stock valued at $813,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

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.