Q3 EPS Estimates for Ulta Beauty Lifted by Analyst

Ulta Beauty Inc. (NASDAQ:ULTA) – Stock analysts at Telsey Advisory Group boosted 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 anticipates that the specialty retailer will post earnings per share of $4.58 for the quarter, up from their prior estimate of $4.39. Telsey Advisory Group has a “Outperform” rating and a $610.00 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 $7.43 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 subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Ulta Beauty in a research report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $605.00 target price (up from $580.00) on shares of Ulta Beauty in a research report on Friday, August 29th. Jefferies Financial Group raised their price target on shares of Ulta Beauty from $425.00 to $550.00 and gave the stock a “hold” rating in a research note on Tuesday, August 26th. Evercore ISI upped their price objective on Ulta Beauty from $595.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Morgan Stanley increased their price objective on Ulta Beauty from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.83.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $544.52 on Tuesday. The firm has a market cap of $24.42 billion, a PE ratio of 20.88, a P/E/G ratio of 3.62 and a beta of 0.87. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $572.23. The stock has a fifty day moving average price of $531.56 and a 200-day moving average price of $504.43.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ULTA. Cary Street Partners Investment Advisory LLC lifted 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 worth $25,000 after acquiring an additional 28 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Ulta Beauty during the 3rd quarter valued at $25,000. Hemington Wealth Management lifted its holdings in Ulta Beauty by 142.9% during the 2nd quarter. Hemington Wealth Management now owns 68 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Ulta Beauty in the 3rd quarter worth about $31,000. Finally, Abich Financial Wealth Management LLC bought a new position in Ulta Beauty in the 3rd quarter worth about $31,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.