Q3 Earnings Estimate for Ulta Beauty Issued By William Blair

Ulta Beauty Inc. (NASDAQ:ULTA) – William Blair upped their Q3 2026 earnings estimates for Ulta Beauty in a report released on Friday, August 29th. William Blair analyst D. Carden now anticipates that the specialty retailer will post earnings per share of $4.58 for the quarter, up from their prior estimate of $4.29. The consensus estimate for Ulta Beauty’s current full-year earnings is $23.96 per share. William Blair also issued estimates for Ulta Beauty’s Q4 2026 earnings at $7.10 EPS, FY2026 earnings at $24.16 EPS, Q1 2027 earnings at $7.16 EPS, Q3 2027 earnings at $5.22 EPS, Q4 2027 earnings at $8.25 EPS and FY2027 earnings at $26.75 EPS.

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.03 by $0.75. Ulta Beauty had a return on equity of 48.78% and a net margin of 10.31%.The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business posted $5.30 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group increased their price objective on shares of Ulta Beauty from $530.00 to $584.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird upped their price target on shares of Ulta Beauty from $575.00 to $600.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler reiterated a “neutral” rating and set a $437.00 price objective (up previously from $386.00) on shares of Ulta Beauty in a research note on Friday, May 30th. Oppenheimer upped their target price on Ulta Beauty from $510.00 to $600.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, Truist Financial raised their target price on Ulta Beauty from $364.00 to $386.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Thirteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $534.75.

Ulta Beauty Trading Down 7.1%

Shares of NASDAQ ULTA opened at $492.73 on Monday. Ulta Beauty has a 12 month low of $309.01 and a 12 month high of $538.59. The company has a 50 day simple moving average of $499.42 and a two-hundred day simple moving average of $428.49. The stock has a market cap of $22.09 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.88 and a beta of 1.06.

Hedge Funds Weigh In On Ulta Beauty

A number of hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in Ulta Beauty by 128.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,225,023 shares of the specialty retailer’s stock valued at $449,021,000 after buying an additional 688,267 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Ulta Beauty by 64.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 931,557 shares of the specialty retailer’s stock valued at $341,453,000 after acquiring an additional 366,147 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ulta Beauty by 81.7% in the 1st quarter. JPMorgan Chase & Co. now owns 913,600 shares of the specialty retailer’s stock valued at $334,871,000 after acquiring an additional 410,900 shares during the period. Invesco Ltd. lifted its holdings in shares of Ulta Beauty by 10.9% in the 1st quarter. Invesco Ltd. now owns 813,639 shares of the specialty retailer’s stock worth $298,231,000 after acquiring an additional 79,666 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Ulta Beauty by 1.4% in the 4th quarter. Deutsche Bank AG now owns 655,561 shares of the specialty retailer’s stock worth $285,123,000 after acquiring an additional 9,291 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other 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.