DA Davidson Has Negative View of Ulta Beauty FY2026 Earnings

Ulta Beauty, Inc. (NASDAQ:ULTA) – Equities research analysts at DA Davidson reduced their FY2026 earnings per share estimates for Ulta Beauty in a report issued on Thursday, October 17th. DA Davidson analyst M. Baker now expects that the specialty retailer will post earnings per share of $22.15 for the year, down from their previous 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.

Several other research analysts also recently commented on ULTA. The Goldman Sachs Group reduced their price objective on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Citigroup cut their price target on Ulta Beauty from $375.00 to $345.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company lowered their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, August 30th. Robert W. Baird dropped their target price on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. Finally, UBS Group reduced their price target on shares of Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $420.71.

Ulta Beauty Stock Performance

Ulta Beauty stock opened at $365.01 on Monday. The company has a market capitalization of $17.20 billion, a PE ratio of 14.65, a P/E/G ratio of 2.12 and a beta of 1.32. The company has a 50 day moving average price of $375.55 and a 200-day moving average price of $384.90. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Janiczek Wealth Management LLC grew its stake in shares of Ulta Beauty by 32.5% during the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after acquiring an additional 25 shares during the last quarter. Meeder Advisory Services Inc. grew its position in Ulta Beauty by 5.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 478 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 26 shares during the last quarter. Sage Capital Advisors llc increased its stake in Ulta Beauty by 5.4% during the 2nd quarter. Sage Capital Advisors llc now owns 525 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 27 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Ulta Beauty by 5.0% during the second quarter. AdvisorNet Financial Inc now owns 695 shares of the specialty retailer’s stock worth $268,000 after buying an additional 33 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

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.