ULTA

Ulta Beauty Inc

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Advanced Chart

498.210

-7.96(-1.573%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

510.270

Open

507.070

VWAP

500.08

Vol

495.39K

Mkt Cap

22.39B

Low

496.200

Amount

247.73M

EV/EBITDA(TTM)

11.92

Total Shares

47.72M

21.94B

EV/OCF(TTM)

15.68

P/S(TTM)

2.04

Ulta Beauty, Inc. is a specialty United States beauty retailer and the premier beauty destination for cosmetics, fragrance, skincare products, haircare products and salon services. The Company operates approximately 1,451 retail stores across 50 states and distributes products through its Website, which includes a collection of tips, tutorials, and social content. The Company’s business includes a differentiated assortment of approximately 29,000 beauty products across a variety of categories and price points, as well as a variety of beauty services, including salon services, in more than 1,400 stores predominantly located in convenient, high-traffic locations. It also offers digital experiences delivered through its Website, Ulta.com, and its mobile applications. The Company’s brands include Ulta Beauty Collection, about-face, Ariana Grande, CHANEL, FENTY BEAUTY by Rihanna, It Cosmetics, LolaVie, OUAI, PAT McGRATH LABS, Tula, and NYX Professional Makeup.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

3.58B

+2.66%

7.411

-12.4%

2.61B

+3.01%

4.419

-14.03%

2.66B

+4.19%

5.007

-5.53%

Estimates Revision

The market is revising Upward the revenue expectations for Ulta Beauty, Inc. (ULTA) for FY2026, with the revenue forecasts being adjusted by 0.87% over the past three months. During the same period, the stock price has changed by 20.81%.

Revenue Estimates for FY2026

Revise Upward

+0.87%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+3.06%

In Past 3 Month

Stock Price

Go Up

+20.81%

In Past 3 Month

24 Analyst Rating

0.36% Upside

Wall Street analysts forecast ULTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ULTA is 500.00 USD with a low forecast of 350.00 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

12 Buy

11 Hold

1 Sell

Moderate Buy

0.36% Upside

Current: 498.210

Low

350.00

Averages

500.00

High

600.00

0.36% Upside

Current: 498.210

Low

350.00

Averages

500.00

High

600.00

Canaccord

Susan Anderson

Buy

maintain

$542 -> $600

2025-08-01

Reason

Canaccord

Susan Anderson

Price Target

$542 -> $600

2025-08-01

maintain

Buy

Reason

Canaccord analyst Susan Anderson raised the firm's price target on Ulta Beauty to $600 from $542 and keeps a Buy rating on the shares. The firm believes the health and wellness category should remain resilient in the second half 2025. The target increase reflects higher multiple valuation. The largest U.S. beauty specialty retailer continues to execute its strategy to make it the best place to shop for all beauty by investing in their stores and adding new brands. Ulta is also moving away from the pressure imposed by Sephora's 1,000+ door openings.

Loop Capital

Anthony Chukumba

Buy

Hold

downgrade

$510

2025-07-25

Reason

Loop Capital

Anthony Chukumba

Price Target

$510

2025-07-25

downgrade

Buy

Hold

Reason

Loop Capital analyst Anthony Chukumba downgraded Ulta Beauty to Hold from Buy with an unchanged price target of $510. The firm cites valuation for the downgrade as opposed to a more bearish view on the company's fundamentals. Loop believes its bullish outlook for Ulta is now priced into the shares. As such, the analyst awaits a more attractive entry point to again recommend the shares.

DA Davidson

Michael Baker

Buy

maintain

$485 -> $550

2025-07-07

Reason

DA Davidson

Michael Baker

Price Target

$485 -> $550

2025-07-07

maintain

Buy

Reason

DA Davidson analyst Michael Baker raised the firm's price target on Ulta Beauty to $550 from $485 and keeps a Buy rating on the shares. The firm's beauty product overlap study that looks at Ulta's "best sellers" comparing availability and price at Sephora, Amazon, Walmart and Target last published six months ago in January shows that Ulta seems to have more differentiation versus competitors than last seen, the analyst tells investors in a research note. Beauty remains a competitive space, both in terms of availability and price, but the worst appears to be in the past, the firm added.

Loop Capital

Buy

maintain

$480 -> $510

2025-06-17

Reason

Loop Capital

Price Target

$480 -> $510

2025-06-17

maintain

Buy

Reason

Loop Capital raised the firm's price target on Ulta Beauty to $510 from $480 and keeps a Buy rating on the shares. According to the firm's beauty products pricing study comparing Ulta Beauty's prices with those of several brick-and-mortar retailers, its prices are 0.5% more expensive than its competitors on average, which narrowed from 11.6% in December when Macy's and Nordstrom were holding beauty department-wide promotions, the analyst tells investors in a research note. Loop adds it is also encouraged by the marked recent rise in consumer confidence, particularly given its belief beauty products are far less "discretionary" than many investors realize.

Barclays

Equal Weight

maintain

$327 -> $485

2025-06-02

Reason

Barclays

Price Target

$327 -> $485

2025-06-02

maintain

Equal Weight

Reason

Barclays raised the firm's price target on Ulta Beauty to $485 from $327 and keeps an Equal Weight rating on the shares. The company's Q1 beat across the board, with comp growth led by double-digit increases in the e-commerce channel and the fragrance category, the analyst tells investors in a research note. The firm says beauty is "on the comeback."

Canaccord

Susan Anderson

Buy

maintain

$510 -> $542

2025-05-30

Reason

Canaccord

Susan Anderson

Price Target

$510 -> $542

2025-05-30

maintain

Buy

Reason

Canaccord analyst Susan Anderson raised the firm's price target on Ulta Beauty to $542 from $510 and keeps a Buy rating on the shares. The firm said they reported better than expected results as management highlighted strong execution across the board, including in-store execution from better in-stocks and customer service experience helping drive conversion, better promo management helping hold GM, and newness and innovation driving traffic and engagement.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Ulta Beauty Inc (ULTA.O) is 20.59, compared to its 5-year average forward P/E of 19.89. For a more detailed relative valuation and DCF analysis to assess Ulta Beauty Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

19.89

Current PE

20.59

Overvalued PE

24.02

Undervalued PE

15.75

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

13.29

Current EV/EBITDA

14.10

Overvalued EV/EBITDA

15.17

Undervalued EV/EBITDA

11.40

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.00

Current PS

1.89

Overvalued PS

2.31

Undervalued PS

1.69