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Ulta Beauty, Inc. logo

Ulta Beauty, Inc.

ULTA

NASDAQConsumer CyclicalSpecialty Retail

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Previous close

$521.46

+$6.32 · +1.23%

Aug 21, 4:00 PM ET

ULTA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

86

Deep Value

Momentum

33

Weakening

Sentiment

78

Bullish

Risk resilience

58

Elevated Risk

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Company profile

Company website

Ulta Beauty, Inc. functions as a prominent beauty product retailer throughout the United States. Its physical locations feature a broad assortment of goods, including cosmetics, perfumes, skincare, haircare items, bath and body essentials, and professional salon styling instruments. Additionally, they provide a comprehensive suite of salon services, encompassing hair, skin, makeup, brow, and nail treatments. The company further offers its proprietary label products, such as the Ulta Beauty Collection for cosmetics, skincare, and bath items, alongside other Ulta Beauty branded merchandise and gift options. As of March 10, 2022, Ulta Beauty operated 1,308 retail stores across all 50 U.S. states. Its products are also available for purchase via its website, ulta.com, and through its mobile applications. Incorporated in 1990, the enterprise was initially known as Ulta Salon, Cosmetics & Fragrance, Inc., before officially changing its name to Ulta Beauty, Inc. in January 2017. Its corporate base is located in Bolingbrook, Illinois.

Industry
Specialty Retail
Sector
Consumer Cyclical
Headquarters
US
CEO
Kecia L. Steelman
Listed since
Oct 25, 2007
Employees
65,000

Market position

Day range

Current $521.46

52-week range

Current $521.46

Open
$517.57
Previous close
$515.14
Volume
468.44K
0.66× average
Average volume
713.2K
Average daily volume
Market cap
22.42B USD
Beta
0.85
Market reference 1
50-day average
$490.52
+6.31% above average
200-day average
$555.2
-6.08% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
30.79B USD
P/E (TTM)
19.47×
P/B (TTM)
8.85×
P/S (TTM)
1.76×
EV / EBITDA
16.79×
Earnings yield
3.97%
Free cash flow yield
3.68%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
39.33%
Operating margin
12.54%
Net margin
9.36%
Return on equity
41.14%
Return on assets
16.48%
Return on invested capital
22.76%

Financial health

Debt / equity
0.89×
Current ratio
1.41×
Altman Z-score
6.15
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%31%18%6%Gross margin, FY2021: 39.03%Gross margin, FY2022: 39.62%Gross margin, FY2023: 39.09%Gross margin, FY2024: 38.84%Gross margin, FY2025: 39.10%Operating margin, FY2021: 14.49%Operating margin, FY2022: 16.16%Operating margin, FY2023: 15.05%Operating margin, FY2024: 13.98%Operating margin, FY2025: 12.50%Net margin, FY2021: 11.42%Net margin, FY2022: 12.17%Net margin, FY2023: 11.52%Net margin, FY2024: 10.63%Net margin, FY2025: 9.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 39.03%. Gross margin FY2022 39.62%. Gross margin FY2023 39.09%. Gross margin FY2024 38.84%. Gross margin FY2025 39.10%. Operating margin FY2021 14.49%. Operating margin FY2022 16.16%. Operating margin FY2023 15.05%. Operating margin FY2024 13.98%. Operating margin FY2025 12.50%. Net margin FY2021 11.42%. Net margin FY2022 12.17%. Net margin FY2023 11.52%. Net margin FY2024 10.63%. Net margin FY2025 9.31%.

Income trends

Revenue

12.39B USD+9.71%

Operating income

1.55B USD-1.89%

Net income

1.15B USD-3.97%
Income trends across reported periods13.53B USD8.97B USD4.41B USD−154.86M USDRevenue, FY2021: 8.63B USDRevenue, FY2022: 10.21B USDRevenue, FY2023: 11.21B USDRevenue, FY2024: 11.3B USDRevenue, FY2025: 12.39B USDOperating income, FY2021: 1.25B USDOperating income, FY2022: 1.65B USDOperating income, FY2023: 1.69B USDOperating income, FY2024: 1.58B USDOperating income, FY2025: 1.55B USDNet income, FY2021: 985.84M USDNet income, FY2022: 1.24B USDNet income, FY2023: 1.29B USDNet income, FY2024: 1.2B USDNet income, FY2025: 1.15B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.63B USD. Revenue FY2022 10.21B USD. Revenue FY2023 11.21B USD. Revenue FY2024 11.3B USD. Revenue FY2025 12.39B USD. Operating income FY2021 1.25B USD. Operating income FY2022 1.65B USD. Operating income FY2023 1.69B USD. Operating income FY2024 1.58B USD. Operating income FY2025 1.55B USD. Net income FY2021 985.84M USD. Net income FY2022 1.24B USD. Net income FY2023 1.29B USD. Net income FY2024 1.2B USD. Net income FY2025 1.15B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue12.39B USD11.3B USD11.21B USD10.21B USD8.63B USD
Cost of goods sold7.55B USD6.91B USD6.83B USD6.16B USD5.26B USD
Gross profit4.85B USD4.39B USD4.38B USD4.04B USD3.37B USD
Selling, general, and administrative3.3B USD2.81B USD2.69B USD2.4B USD2.12B USD
Operating expenses3.3B USD2.81B USD2.69B USD2.4B USD2.12B USD
Interest income—15.09M USD17.62M USD4.93M USD—
Interest expense1.79M USD———1.66M USD
Depreciation and amortization300.77M USD267.04M USD243.84M USD241.37M USD268.46M USD
Operating income1.55B USD1.58B USD1.69B USD1.65B USD1.25B USD
Net income1.15B USD1.2B USD1.29B USD1.24B USD985.84M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+8.54%
11 comparable reports
Latest EPS result
7.74
Estimate 6.89 · Beat by 12.34%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates8.87.265.734.19Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 5, 2024: actual 5.14, estimate 4.53, surprise +13.47%, Beat. Q1 2025, reported Mar 13, 2025: actual 8.46, estimate 7.13, surprise +18.65%, Beat. Q2 2025, reported May 29, 2025: actual 6.7, estimate 5.81, surprise +15.32%, Beat. Q3 2025, reported Aug 28, 2025: actual 5.78, estimate 5.1, surprise +13.33%, Beat. Q4 2025, reported Dec 4, 2025: actual 5.14, estimate 4.61, surprise +11.50%, Beat. Q1 2026, reported Mar 12, 2026: actual 8.01, estimate 8.1, surprise -1.11%, Miss. Q2 2026, reported Jun 2, 2026: actual 7.74, estimate 6.89, surprise +12.34%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 6.19, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.05B3.48B2.91B2.34BQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 5, 2024: actual 2.53B USD, estimate 2.5B USD, surprise +1.31%, Beat. Q1 2025, reported Mar 13, 2025: actual 3.49B USD, estimate 3.47B USD, surprise +0.62%, Beat. Q2 2025, reported May 29, 2025: actual 2.85B USD, estimate 2.79B USD, surprise +1.93%, Beat. Q3 2025, reported Aug 28, 2025: actual 2.79B USD, estimate 2.68B USD, surprise +4.12%, Beat. Q4 2025, reported Dec 4, 2025: actual 2.86B USD, estimate 2.71B USD, surprise +5.33%, Beat. Q1 2026, reported Mar 12, 2026: actual 3.9B USD, estimate 3.84B USD, surprise +1.56%, Beat. Q2 2026, reported Jun 2, 2026: actual 3.16B USD, estimate 3.12B USD, surprise +1.38%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 2.98B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$645

23.69% upside
Past 12 months12-month forecastHigh $735Average $645Low $550

Rating distribution

47 ratings
Strong buy12%
Buy2655%
Hold1940%
Sell12%
Strong sell00%

Recent analyst actions

12 institutions

ULTA news

benzinga.com

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

Read source
zacks.com

Why Ulta Beauty (ULTA) is a Top Stock for the Long-Term

The Zacks Focus List offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.

Read source
zacks.com

Ulta Beauty (ULTA) Earnings Expected to Grow: Should You Buy?

Ulta (ULTA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read source
defenseworld.net

BlackRock Inc. Purchases Shares of 4,026,148 Ulta Beauty Inc. $ULTA

BlackRock Inc. bought a new stake in Ulta Beauty Inc. (NASDAQ: ULTA) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,026,148 shares of the…

Read source
zacks.com

Why Investors Need to Take Advantage of These 2 Retail and Wholesale Stocks Now

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Read source
schaeffersresearch.com

Nasdaq Leads Midday Selloff as Semiconductors Sink

Stocks are lower midday with Nasdaq off over 300 points as investors continue their rotation out of chips

Read source

Corporate actions

Corporate action history

Dividend

Ex-dividend Mar 16, 2012

$1.00

Irregular

Record Mar 20, 2012 · Payment May 15, 2012

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ETFs holding ULTA

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
711.34M
Weight
0.03%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
585.95M
Weight
0.03%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Vanguard Morningstar Mid-Cap ETF logoVanguard Morningstar Mid-Cap ETFVO
Market value
483.47M
Weight
0.21%
AUM
224.7B USD
Expense ratio
0.03%
Price / 1D
$82.97+0.53%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
302.31M
Weight
0.03%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
278.94M
Weight
0.03%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
iShares MSCI USA Quality Factor ETF logoiShares MSCI USA Quality Factor ETFQUAL
Market value
230.39M
Weight
0.49%
AUM
47.68B USD
Expense ratio
0.15%
Price / 1D
$223.22+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
212.8M
Weight
0.08%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%
Invesco S&P 500 Equal Weight ETF logoInvesco S&P 500 Equal Weight ETFRSP
Market value
204.39M
Weight
0.21%
AUM
100.27B USD
Expense ratio
0.20%
Price / 1D
$221.67+0.63%

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