Telsey Advisory Group Weighs in on Ulta Beauty Q2 Earnings

Ulta Beauty, Inc. (NASDAQ:ULTA) – Equities researchers at Telsey Advisory Group decreased their Q2 2026 earnings estimates for shares of Ulta Beauty in a research report issued to clients and investors on Friday, March 14th. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will earn $4.81 per share for the quarter, down from their previous forecast of $5.23. Telsey Advisory Group has a “Outperform” rating and a $500.00 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 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 announced its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $8.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.13 by $1.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.47 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.08 EPS.

Several other brokerages have also issued reports on ULTA. Wells Fargo & Company lowered their price target on shares of Ulta Beauty from $360.00 to $310.00 and set an “underweight” rating on the stock in a report on Friday. Oppenheimer upped their target price on shares of Ulta Beauty from $505.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Canaccord Genuity Group lowered their target price on shares of Ulta Beauty from $538.00 to $526.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler lowered 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. Finally, B. Riley lowered their target price on shares of Ulta Beauty from $430.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $427.13.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $356.99 on Monday. The firm has a market capitalization of $16.55 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company’s fifty day moving average price is $383.53 and its two-hundred day moving average price is $386.87. Ulta Beauty has a 52-week low of $309.01 and a 52-week high of $544.36.

Hedge Funds Weigh In On Ulta Beauty

Several hedge funds have recently made changes to their positions in the business. Cornerstone Investment Partners LLC grew its stake in shares of Ulta Beauty by 3.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 665 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 25 shares in the last quarter. RWA Wealth Partners LLC grew its stake in shares of Ulta Beauty by 1.5% in the fourth quarter. RWA Wealth Partners LLC now owns 1,867 shares of the specialty retailer’s stock valued at $812,000 after buying an additional 28 shares in the last quarter. Lido Advisors LLC grew its stake in shares of Ulta Beauty by 5.0% in the fourth quarter. Lido Advisors LLC now owns 626 shares of the specialty retailer’s stock valued at $272,000 after buying an additional 30 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Ulta Beauty by 36.9% in the fourth quarter. Colonial Trust Co SC now owns 115 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 31 shares in the last quarter. Finally, Stonegate Investment Group LLC grew its stake in shares of Ulta Beauty by 0.5% in the fourth quarter. Stonegate Investment Group LLC now owns 6,623 shares of the specialty retailer’s stock valued at $2,881,000 after buying an additional 34 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

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.