Ulta Beauty stock trades below its yearly high after Q2 growth

Published on 09/28/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ulta Beauty stock posted Q2 sales of USD 3.04 billion and diluted EPS of USD 6.55 for the period ended August 1, 2026. DA Davidson reaffirmed its Buy rating and USD 625.00 target.

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Ulta Beauty stock (ISIN US90384S3031) was last at USD 545.20 on Nasdaq on September 25, 2026 at 4:00 p.m. ET, 23.74 percent below its 52-week high of USD 714.97. For the quarter ended August 1, 2026, net sales rose 8.9 percent to USD 3.04 billion and diluted EPS increased 13.3 percent to USD 6.55, according to Zacks on August 28, 2026.

Q2 growth clears expectations

The fiscal second-quarter result also exceeded the comparisons available before the release. Zacks reported adjusted? No, the source described diluted EPS of USD 6.55 versus a USD 6.21 consensus estimate, while sales reached USD 3.04 billion against a USD 2.973 billion consensus estimate.

Comparable sales increased 3.8 percent in Q2 2026, and operating income rose 10.1 percent to USD 379.64 million. The operating margin improved to 12.5 percent, while net income increased 8.1 percent to USD 282.01 million, according to Zacks.

Analyst target stays above the quote

DA Davidson reaffirmed a Buy rating on September 23, 2026, and kept its price target at USD 625.00, according to Investing.com. Measured against the September 25 reference price, that target lies 14.64 percent above the quote.

The analyst cited Ulta Beauty's position on TikTok Shop and its early entry into social commerce. The same report said JPMorgan retained an Overweight rating, while UBS lowered its target to USD 710.00 and BMO Capital initiated coverage at Market Perform with a USD 580.00 target, according to Investing.com.

Guidance supports the next checkpoint

Ulta Beauty raised fiscal 2026 guidance after Q2. The company now expects sales growth of 6.7 percent to 7.2 percent, comparable-sales growth of 3.2 percent to 3.7 percent, and diluted EPS of USD 28.70 to USD 29.00, according to Zacks on August 28, 2026.

The investor-relations calendar lists December 3, 2026, for the Q3 2026 earnings conference call, according to Ulta Beauty.

Ulta Beauty stock and market value

Ulta Beauty stock was last at USD 545.20 on Nasdaq on September 25, 2026 at 4:00 p.m. ET, down 0.65 percent from the prior close. The company had a market capitalization of USD 23.4 billion and volume of 313,728 shares on that session.