DA Davidson Has Negative View of Ulta Beauty FY2026 Earnings

Ulta Beauty, Inc. (NASDAQ:ULTA) – Stock analysts at DA Davidson cut their FY2026 EPS estimates for shares of Ulta Beauty in a research note issued to investors on Thursday, October 17th. DA Davidson analyst M. Baker now anticipates that the specialty retailer will earn $22.15 per share for the year, down from their prior estimate of $25.90. DA Davidson currently has a “Buy” rating and a $435.00 target price on the stock. The consensus estimate for Ulta Beauty’s current full-year earnings is $23.06 per share.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the company posted $6.02 EPS. The business’s revenue was up .9% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. TD Cowen reduced their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Oppenheimer restated an “outperform” rating and issued a $435.00 price target on shares of Ulta Beauty in a report on Wednesday, October 16th. Robert W. Baird decreased their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. Bank of America cut their price objective on shares of Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, Piper Sandler raised their target price on Ulta Beauty from $356.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $420.71.

Ulta Beauty Stock Performance

Shares of ULTA stock opened at $369.20 on Monday. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a 50 day simple moving average of $374.89 and a two-hundred day simple moving average of $385.46. The company has a market cap of $17.40 billion, a P/E ratio of 14.82, a PEG ratio of 2.12 and a beta of 1.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. UMB Bank n.a. grew its position in Ulta Beauty by 83.3% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 30 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Ulta Beauty in the 1st quarter worth approximately $30,000. Sound Income Strategies LLC grew its holdings in shares of Ulta Beauty by 490.0% in the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 49 shares in the last quarter. LRI Investments LLC bought a new position in shares of Ulta Beauty in the first quarter valued at approximately $31,000. Finally, Innealta Capital LLC purchased a new stake in shares of Ulta Beauty during the second quarter valued at approximately $32,000. 90.39% of the stock is owned by 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.