Ulta Beauty Q2 EPS Estimate Reduced by Telsey Advisory Group

Ulta Beauty, Inc. (NASDAQ:ULTA) – Equities researchers at Telsey Advisory Group reduced their Q2 2026 earnings estimates for Ulta Beauty in a research report issued on Friday, March 14th. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will post earnings of $4.81 per share for the quarter, down from their prior estimate of $5.23. Telsey Advisory Group has a “Outperform” rating and a $500.00 price objective 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 $4.59 EPS, FY2026 earnings at $22.84 EPS and FY2027 earnings at $25.46 EPS.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share for the quarter, beating analysts’ consensus estimates of $7.13 by $1.33. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $8.08 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis.

Several other research firms have also weighed in on ULTA. Bank of America decreased their target price on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a report on Friday. Oppenheimer boosted their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Piper Sandler decreased their target price on shares of Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating on the stock in a report on Friday. StockNews.com upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, UBS Group upped their price objective on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $431.13.

Ulta Beauty Trading Up 13.7 %

ULTA opened at $357.48 on Monday. The firm has a market capitalization of $16.58 billion, a PE ratio of 14.30, a PEG ratio of 0.89 and a beta of 1.34. Ulta Beauty has a twelve month low of $309.01 and a twelve month high of $544.36. The firm’s 50-day moving average price is $385.01 and its 200 day moving average price is $386.94.

Hedge Funds Weigh In On Ulta Beauty

A number of large investors have recently made changes to their positions in ULTA. Apollon Wealth Management LLC raised its position in Ulta Beauty by 44.7% during the third quarter. Apollon Wealth Management LLC now owns 1,399 shares of the specialty retailer’s stock worth $544,000 after acquiring an additional 432 shares during the last quarter. KBC Group NV raised its position in Ulta Beauty by 305.3% during the third quarter. KBC Group NV now owns 29,726 shares of the specialty retailer’s stock worth $11,567,000 after acquiring an additional 22,392 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Ulta Beauty by 6.0% in the third quarter. Metis Global Partners LLC now owns 3,104 shares of the specialty retailer’s stock valued at $1,208,000 after buying an additional 176 shares during the last quarter. Empirical Finance LLC raised its position in shares of Ulta Beauty by 1.3% in the third quarter. Empirical Finance LLC now owns 3,231 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 42 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its position in shares of Ulta Beauty by 970.0% in the third quarter. Mizuho Securities USA LLC now owns 39,503 shares of the specialty retailer’s stock valued at $15,371,000 after buying an additional 35,811 shares during the last quarter. Hedge funds and other institutional investors own 90.39% 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.