Telsey Advisory Group Weighs in on Ulta Beauty Q2 Earnings

Ulta Beauty, Inc. (NASDAQ:ULTA) – Equities researchers at Telsey Advisory Group lowered their Q2 2026 earnings per share (EPS) estimates for shares of Ulta Beauty in a report issued on Friday, March 14th. Telsey Advisory Group analyst D. Telsey now expects that the specialty retailer will post earnings per share of $4.81 for the quarter, down from their previous forecast 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.

Other equities research analysts also recently issued research reports about the company. Piper Sandler dropped their target price on Ulta Beauty from $425.00 to $364.00 and set a “neutral” rating for the company in a report on Friday. UBS Group lifted their target price on Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, December 6th. BMO Capital Markets dropped their target price on Ulta Beauty from $467.00 to $404.00 and set a “market perform” rating for the company in a report on Friday. StockNews.com raised Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Citigroup dropped their target price on Ulta Beauty from $405.00 to $365.00 and set a “neutral” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $427.13.

Ulta Beauty Price Performance

Shares of Ulta Beauty stock opened at $356.99 on Monday. The business has a fifty day simple moving average of $383.53 and a two-hundred day simple moving average of $386.87. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $544.36. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.89 and a beta of 1.34.

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. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm posted $8.08 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of Ulta Beauty by 28.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 166 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 37 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Ulta Beauty during the third quarter worth about $4,480,000. Thrivent Financial for Lutherans grew its holdings in shares of Ulta Beauty by 382.5% during the third quarter. Thrivent Financial for Lutherans now owns 10,698 shares of the specialty retailer’s stock worth $4,163,000 after purchasing an additional 8,481 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Ulta Beauty by 11.2% during the third quarter. Advisors Asset Management Inc. now owns 17,531 shares of the specialty retailer’s stock worth $6,822,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Blueshift Asset Management LLC grew its holdings in shares of Ulta Beauty by 1,052.6% during the third quarter. Blueshift Asset Management LLC now owns 8,218 shares of the specialty retailer’s stock worth $3,198,000 after purchasing an additional 7,505 shares during the last quarter. 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.