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Earnings are out

ULTA · NASDAQ · Specialty Retail

Ulta Beauty

Retailer of mass-to-prestige beauty products with digital shopping and in-store salon services.

$517.11

After-hours close−0.39 (−0.08%)

At close$517.50(−4.18%)

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Profile

Ulta Beauty, Inc.ULTAConsumer Discretionary

Sells cosmetics, skincare and wellness, haircare, fragrance, accessories, and salon services through stores and digital channels spanning multiple price points. Remains U.S.-centered, with wholly owned Space NK in the U.K. and Ireland plus joint-venture and franchise expansion in Mexico and the Middle East.

Combines prestige, mass, and professional beauty products with salon services across stores and digital channels. The assortment spans cosmetics, skincare and wellness, haircare, fragrance, accessories, and private-label products; an online marketplace adds third-party merchandise for a commission. Broad price points, in-store discovery, fulfillment options, and loyalty data support merchandising and personalization.

Operations remain centered on U.S. stores. Space NK adds wholly owned luxury-beauty retail in the U.K. and Ireland, while Mexico uses a joint venture and the Middle East a franchise. The single segment covers retail stores, salon services, and e-commerce. Execution depends on brand access, product availability, loyalty engagement, and holiday demand. Product safety, labeling, advertising, and distribution are regulated across categories, while salon services require local compliance.

Company facts

CEOKecia L. Steelman

ListedOct 25, 2007

ExchangeNASDAQ

HeadquartersBolingbrook, IL

CountryUnited States

Employees66,820

CIK0001403568

ISINUS90384S3031

Key statistics

Market cap$22.25B

EPS (ttm)$27.47

P/E (ttm)18.84

ROE45.4%

P/B8.49

P/S1.72

Dividend yield—

Beta0.50vs XLY 0.51

Year to date −16.5% · Average volume (30d) 629.9K

Analysts

Price target, next 12 months$640.00+23.7%Median of 47 analysts · vs the Aug 28 close

ConsensusBuy27 of 47 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $517.50

High$731.00+41.3%

Median$640.00+23.7%

Low$550.00+6.3%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Aug 28, 2026	UBS	Target		$710	$631
Aug 28, 2026	Goldman Sachs	Reiterate	Buy	$652	$667
Aug 28, 2026	Jefferies	Reiterate	Buy	$700	$650
Aug 28, 2026	Barclays	Reiterate	Overweight	$712	$645
Aug 28, 2026	Raymond James	Reiterate	Strong Buy	$790	$700

Earnings

EPS

Estimate$6.22

Reported$6.55+5.3%

Revenue

Estimate$2.99B

Reported$3.04B+1.6%

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 27, 2026Q2 FY26	$6.22	$6.55	+5.3%	$2.99B	$3.04B	+1.6%	−4.18%
Jun 2, 2026Q1 FY26	$6.89	$7.74	+12.3%	$3.12B	$3.16B	+1.4%	−4.78%
Mar 12, 2026Q4 FY25	$8.10	$8.01	−1.1%	$3.84B	$3.90B	+1.6%	−14.24%
Dec 4, 2025Q3 FY25	$4.61	$5.14	+11.5%	$2.71B	$2.86B	+5.3%	+12.65%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$2.85B	$2.79B	$2.86B	$3.90B	$3.16B	$3.04B
Gross profit	$1.11B	$1.09B	$1.16B	$1.48B	$1.27B	$1.19B
Operating income	$403.6M	$350.0M	$314.7M	$480.5M	$448.3M	$379.6M
Net income	$305.1M	$260.9M	$230.9M	$356.7M	$340.5M	$282.0M
Diluted EPS	$6.70	$5.78	$5.14	$8.02	$7.74	$6.57
Gross margin	39.1%	39.2%	40.4%	38.1%	40.1%	39.1%
Operating margin	14.2%	12.6%	11.0%	12.3%	14.2%	12.5%

Fiscal years (4-quarter sums)FY21 $8.63B · FY22 $10.21B · FY23 $11.21B · FY24 $11.30B · FY25 $12.39B

Revenue by product · FY25

Gift Card Breakage$27.0M · 100%

Balance sheet, Aug 1, 2026Cash & short-term investments $213.5M · Total debt $2.52B · Total assets $6.96B · Shareholders' equity $2.64B

Dividends

No dividends on record.

Ownership

Institutions 169.25%Insiders 0.24%

A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.

Shares outstanding 42.99M · Float 42.85M · 99.7% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	4.03M	9.37%	13F	Aug 7, 2026
Vanguard Capital Management LLC	2.85M	6.62%	13F	Aug 13, 2026
Sanders Capital, LLC	2.47M	5.74%	13G	Aug 4, 2026
State Street Corp	2.02M	4.71%	13F	Aug 7, 2026
Vanguard Portfolio Management LLC	1.94M	4.52%	13F	Aug 13, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Jun 15, 2026	George R. Jr Mrkonic	director	−383	$475.84
Apr 7, 2026	George R. Jr Mrkonic	director	−452	$539.29
Sep 4, 2025	Mike C. Smith	director	−500	$528.43