ULTA Stock - Ulta Beauty, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $11.30B | $11.21B | $10.21B | $8.63B | $6.15B |
| Gross Profit | $4.39B | $4.38B | $4.04B | $3.37B | $1.95B |
| Gross Margin | 38.8% | 39.1% | 39.6% | 39.0% | 31.7% |
| Operating Income | $1.58B | $1.69B | $1.65B | $1.25B | $313.74M |
| Net Income | $1.20B | $1.29B | $1.24B | $985.84M | $175.84M |
| Net Margin | 10.6% | 11.5% | 12.2% | 11.4% | 2.9% |
| EPS | $25.44 | $26.18 | $24.17 | $18.09 | $3.12 |
Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. As of March 10, 2022, the company operated 1,308 retail stores across 50 states. It also distributes its products through its website ulta.com; and mobile applications. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 8th 2025 | TD Cowen | Upgrade | Buy | $725 |
| December 5th 2025 | Telsey Advisory Group | Reiterated | Outperform | $640← $610 |
| September 25th 2025 | Argus | Upgrade | Buy | $570 |
| September 4th 2025 | Piper Sandler | Resumed | Overweight | $590 |
| August 29th 2025 | Telsey Advisory Group | Reiterated | Outperform | $610← $590 |
| August 25th 2025 | Telsey Advisory Group | Reiterated | Outperform | $590← $520 |
| August 22nd 2025 | Barclays | Upgrade | Overweight | $589 |
| July 25th 2025 | Loop Capital | Downgrade | Hold | $510 |
| May 30th 2025 | Telsey Advisory Group | Reiterated | Outperform | $520← $460 |
| April 14th 2025 | Argus | Downgrade | Hold | - |
| April 1st 2025 | Goldman | Upgrade | Buy | $423 |
| March 14th 2025 | Telsey Advisory Group | Reiterated | Outperform | $460← $500 |
| January 21st 2025 | Morgan Stanley | Upgrade | Overweight | $500← $430 |
| January 7th 2025 | B. Riley Securities | Upgrade | Neutral | - |
| December 6th 2024 | Telsey Advisory Group | Reiterated | Outperform | $500← $450 |
Earnings History & Surprises
ULTAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 27, 2026 | — | — | — | — |
Q1 2026 | Mar 12, 2026 | $7.87 | — | — | — |
Q4 2025 | Dec 4, 2025 | $4.61 | $5.14 | +11.5% | ✓ BEAT |
Q3 2025 | Aug 28, 2025 | $5.10 | $5.78 | +13.3% | ✓ BEAT |
Q2 2025 | May 29, 2025 | $5.81 | $6.70 | +15.3% | ✓ BEAT |
Q1 2025 | Mar 13, 2025 | $7.13 | $8.46 | +18.7% | ✓ BEAT |
Q4 2024 | Dec 5, 2024 | $4.53 | $5.14 | +13.5% | ✓ BEAT |
Q3 2024 | Aug 29, 2024 | $5.46 | $5.30 | -2.9% | ✗ MISS |
Q2 2024 | May 30, 2024 | $6.24 | $6.47 | +3.7% | ✓ BEAT |
Q1 2024 | Mar 14, 2024 | $7.53 | $8.08 | +7.3% | ✓ BEAT |
Q4 2023 | Nov 30, 2023 | $4.95 | $5.07 | +2.4% | ✓ BEAT |
Q3 2023 | Aug 24, 2023 | $5.85 | $6.02 | +2.9% | ✓ BEAT |
Q2 2023 | May 25, 2023 | $6.87 | $6.88 | +0.1% | ✓ BEAT |
Q1 2023 | Mar 9, 2023 | $5.68 | $6.68 | +17.6% | ✓ BEAT |
Q4 2022 | Dec 1, 2022 | $4.15 | $5.34 | +28.7% | ✓ BEAT |
Q3 2022 | Aug 25, 2022 | $5.00 | $5.70 | +14.0% | ✓ BEAT |
Q2 2022 | May 26, 2022 | $4.46 | $6.30 | +41.3% | ✓ BEAT |
Q1 2022 | Mar 10, 2022 | $4.58 | $5.41 | +18.1% | ✓ BEAT |
Q4 2021 | Dec 2, 2021 | $2.46 | $3.94 | +60.2% | ✓ BEAT |
Q3 2021 | Aug 25, 2021 | $2.56 | $4.56 | +78.1% | ✓ BEAT |
Latest News
Oppenheimer Maintains Outperform on Ulta Beauty, Raises Price Target to $675
📈 PositiveMorgan Stanley Maintains Overweight on Ulta Beauty, Raises Price Target to $640
📈 PositiveTD Cowen Upgrades Ulta Beauty to Buy, Raises Price Target to $725
📈 PositiveDA Davidson Maintains Buy on Ulta Beauty, Raises Price Target to $650
📈 PositiveStrong Q3 and upbeat holiday outlook highlight Ulta's resilience in competitve market -- analysts
📈 PositiveCanaccord Genuity Maintains Buy on Ulta Beauty, Raises Price Target to $674
📈 PositiveOppenheimer Maintains Outperform on Ulta Beauty, Raises Price Target to $615
📈 PositiveEvercore ISI Group Maintains Outperform on Ulta Beauty, Raises Price Target to $660
📈 PositiveUBS Maintains Buy on Ulta Beauty, Raises Price Target to $690
📈 PositiveGuggenheim Reiterates Neutral on Ulta Beautyto Neutral
➖ NeutralUlta Beauty shares are trading higher after the company beat Q3 estimates and raised its full-year GAAP EPS guidance.
📈 PositiveBaird Maintains Outperform on Ulta Beauty, Raises Price Target to $670
📈 PositiveTelsey Advisory Group Maintains Outperform on Ulta Beauty, Raises Price Target to $640
📈 PositivePiper Sandler Maintains Overweight on Ulta Beauty, Raises Price Target to $615
📈 PositiveJP Morgan Maintains Overweight on Ulta Beauty, Raises Price Target to $647
📈 PositiveUPDATE: Ulta Beauty Raises FY2025 GAAP EPS Guidance from $23.85-$24.30 to $25.20-$25.50 vs $24.40 Est; Raises FY2025 Sales Guidance from $12.000B-$12.100B to ~$12.300B vs $12.130B Est
📈 PositiveUlta Beauty GAAP EPS of $5.14 beats by $0.54, revenue of $2.9B beats by $200M
📈 PositiveUlta Beauty shares are trading higher after the company beat Q3 estimates and raised its full-year GAAP EPS guidance.
📈 PositiveUlta Beauty Raises FY2025 GAAP EPS Guidance from $23.85-$24.30 to $25.20-$25.50 vs $24.40 Est; FY2025 Revenue Expected To Be ~$12.300B vs $12.130B Est
📈 PositiveUlta Beauty Q3 EPS $5.14 Beats $4.54 Estimate, Sales $2.858B Beat $2.722B Estimate
📈 PositiveFrequently Asked Questions about ULTA
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