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Ulta Beauty $ULTA

Consumer Discretionary · Other Specialty Retail · NYSE/NASDAQ

S&P 500 Russell 1000 Illinois

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$602.90

+11.28 (+1.91%)

As of Oct 20, 2026, 6:42 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 21, 2026, the first target we tracked for ULTA.

Key facts

52-week range (closes): $450.75 – $706.82 Lowest close Jun 17, 2026, highest Feb 17, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: January Fiscal 2025 ended Jan 31, 2026, from SEC filings
In the S&P 500 since: Apr 18, 2016, replacing Tenet Healthcare (THC) · All S&P 500 changes
Analyst coverage: 5 open price targets from 5 firms: DA Davidson, Goldman Sachs, Jefferies, Raymond James, TD Cowen Approved targets tracked here; see the analyst section below

Ulta Beauty (ULTA) is trading up at $602.90 (+1.91%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.

Analyst price targets on ULTA

Current price targets from 5 firms average $626, median $650, ranging from $488 to $700 — the average is 4% above the current $603. Each is tracked to its date and scored the same way a member's call is.

DA Davidson $518 → $625 by Aug 2027 Buy Aug 28, 2026 via Investing.com · DA Davidson's track record
Goldman Sachs $518 → $667 by Aug 2027 Buy Aug 28, 2026 via Investing.com · Goldman Sachs's track record
Jefferies $518 → $650 by Aug 2027 Buy Aug 28, 2026 via Investing.com · Jefferies's track record
Raymond James $518 → $700 by Aug 2027 Strong Buy Aug 28, 2026 via Investing.com · Raymond James's track record
TD Cowen $489 → $488 by Jul 2027 Buy Jul 21, 2026 via Investing.com · TD Cowen's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Ulta Beauty revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Ulta Beauty annual financial statements
	FY2016Jan 2017	FY2017Feb 2018	FY2018Feb 2019	FY2019Feb 2020	FY2020Jan 2021	FY2021Jan 2022	FY2022Jan 2023	FY2023Feb 2024	FY2024Feb 2025	FY2025Jan 2026
Income statement
Revenue	$4.85B	$5.88B	$6.72B	$7.40B	$6.15B	$8.63B	$10.2B	$11.2B	$11.3B	$12.4B
Growth (year over year)	+23.7%	+21.2%	+14.1%	+10.1%	−16.8%	+40.3%	+18.3%	+9.8%	+0.8%	+9.7%
Gross profit	$1.75B	$2.10B	$2.41B	$2.68B	$1.95B	$3.37B	$4.04B	$4.38B	$4.39B	$4.85B
Gross margin	36.0%	35.6%	35.9%	36.2%	31.7%	39.0%	39.6%	39.1%	38.8%	39.1%
Operating income	$654.8M	$785.3M	$854.1M	$901.1M	$236.8M	$1.30B	$1.64B	$1.68B	$1.56B	$1.53B
Operating margin	13.5%	13.3%	12.7%	12.2%	3.8%	15.0%	16.1%	15.0%	13.9%	12.4%
Net income	$409.8M	$555.2M	$658.6M	$705.9M	$175.8M	$985.8M	$1.24B	$1.29B	$1.20B	$1.15B
Net margin	8.4%	9.4%	9.8%	9.5%	2.9%	11.4%	12.2%	11.5%	10.6%	9.3%
EPS (diluted)	$6.52	$8.96	$10.94	$12.15	$3.11	$17.98	$24.01	$26.03	$25.34	$25.64
Balance sheet
Cash and equivalents	$385.0M	$277.4M	$409.3M	$392.3M	$1.05B	$431.6M	$737.9M	$766.6M	$703.2M	$424.2M
Total assets	$2.55B	$2.91B	$3.19B	$4.86B	$5.09B	$4.76B	$5.37B	$5.71B	$6.00B	$7.00B
Total liabilities	$1.00B	$1.13B	$1.37B	$2.96B	$3.09B	$3.23B	$3.41B	$3.43B	$3.51B	$4.20B
Shareholders' equity	$1.55B	$1.77B	$1.82B	$1.90B	$2.00B	$1.54B	$1.96B	$2.28B	$2.49B	$2.80B
Cash flow
Operating cash flow	$634.4M	$779.4M	$956.1M	$1.10B	$810.4M	$1.06B	$1.48B	$1.48B	$1.34B	$1.50B
Capital expenditure	$373.4M	$440.7M	$319.4M	$298.5M	$151.9M	$172.2M	$312.1M	$435.3M	$374.5M	$434.8M
Free cash flow	$260.9M	$338.7M	$636.7M	$802.8M	$658.5M	$887.1M	$1.17B	$1.04B	$964.1M	$1.07B
Share buybacks	$344.3M	$367.6M	$616.2M	$681.0M	$114.9M	$1.52B	$900.0M	$995.7M	$1.00B	$901.4M

RevenueNet incomeNet margin (right axis, %)

Ulta Beauty quarterly financial statements
	Q3 FY24Nov 2024	Q4 FY24^†Feb 2025	Q1 FY25May 2025	Q2 FY25Aug 2025	Q3 FY25Nov 2025	Q4 FY25^†Jan 2026	Q1 FY26May 2026	Q2 FY26Aug 2026
Income statement
Revenue	$2.53B	$3.49B	$2.85B	$2.79B	$2.86B	$3.90B	$3.16B	$3.04B
Growth (year over year)	+1.7%	−1.9%	+4.5%	+9.3%	+12.9%	+11.8%	+11.1%	+8.9%
Gross profit	$1.01B	$1.33B	$1.11B	$1.09B	$1.16B	$1.48B	$1.27B	$1.19B
Gross margin	39.7%	38.2%	39.1%	39.2%	40.4%	38.1%	40.1%	39.1%
Operating income	$318.5M	$516.3M	$401.8M	$344.9M	$309.4M	$476.9M	$448.3M	$379.6M
Operating margin	12.6%	14.8%	14.1%	12.4%	10.8%	12.2%	14.2%	12.5%
Net income	$242.2M	$393.3M	$305.1M	$260.9M	$230.9M	$356.7M	$340.5M	$282.0M
Net margin	9.6%	11.3%	10.7%	9.4%	8.1%	9.1%	10.8%	9.3%
EPS (diluted)	$5.14	$8.43	$6.70	$5.78	$5.14	$8.02	$7.74	$6.55
Balance sheet
Cash and equivalents	$177.8M	$703.2M	$454.6M	$242.7M	$204.9M	$424.2M	$166.3M	$158.5M
Total assets	$5.96B	$6.00B	$5.99B	$6.63B	$7.01B	$7.00B	$6.90B	$6.96B
Total liabilities	$3.63B	$3.51B	$3.56B	$4.03B	$4.38B	$4.20B	$4.31B	$4.32B
Shareholders' equity	$2.33B	$2.49B	$2.43B	$2.60B	$2.63B	$2.80B	$2.58B	$2.64B
Cash flow
Operating cash flow	−$56.8M	$1.04B	$220.0M	$96.5M	$5.64M	$1.18B	$261.9M	$119.7M
Capital expenditure	$114.2M	$73.9M	$79.0M	$77.0M	$87.3M	$191.6M	$58.3M	$81.3M
Free cash flow	−$171.1M	$962.6M	$141.0M	$19.6M	−$81.6M	$989.0M	$203.6M	$38.4M
Share buybacks	$263.6M	$237.9M	$369.8M	$109.5M	$224.7M	$197.4M	$545.3M	$247.9M

From Ulta Beauty's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Ulta Beauty vs the Consumer Discretionary sector and the S&P 500

Ulta Beauty's latest reported figures next to the median of the other 46 S&P 500 Consumer Discretionary companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Ulta Beauty compared with the median Consumer Discretionary company and the median S&P 500 company
Measure	Ulta Beauty	Consumer Discretionary (46 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+9.7%	+4.9%	+7.0%
Net margin, latest fiscal year	9.3%	10.2%	13.0%
Share price change, 1 year	+15.1%	−8.0%	+7.5%

Ulta Beauty: fiscal year ended January 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Ulta Beauty included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 46/496, net margin 46/496, 1-year price change 46/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.

About Ulta Beauty

Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Nearly every Ulta Beauty store features a full-service salon.

Source: Wikipedia — Ulta Beauty