Barclays Adjusts Price Target on Ulta Beauty to $712 From $680
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Ulta Beauty is the largest specialized beauty retailer in the US with about 1,500 freestanding stores. The firm offers cosmetics (39% of 2024 sales), fragrances (13%), skin care (23%), and hair care products (19%). It also has salon services, including hair, makeup, skin, and brow, that account for about 4% of its revenue and drive traffic. Outside of the US, Ulta acquired premium beauty retailer Space NK and its 83 stores in the UK and Ireland in 2025, is opening franchised stores in Mexico, and has formed a joint venture to expand into the Middle East. In addition, Ulta collects royalties through its Target partnership (set to end in 2026) and credit card revenue. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
| Founded: | 1990 | Country: | United States |
| Employees: | N/A | City: | BOLINGBROOK |
| Market Cap: | 23.8B | IPO Year: | 2007 |
| Target Price: | $615.33 | AVG Volume (30 days): | 402.9K |
| Analyst Decision: | Buy | Number of Analysts: | 26 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | semi-annual |
| EPS: | 17.65 | EPS Growth: | -2.65 |
| 52 Week Low/High: | $309.01 - $714.97 | Next Earning Date: | N/A |
| Revenue: | $11,295,654,000 | Revenue Growth: | 0.79% |
| Revenue Growth (this year): | 11.37% | Revenue Growth (next year): | 6.07% |
| P/E Ratio: | 36.60 | Index: | |
| Free Cash Flow: | 964.1M | FCF Growth: | +4.63% |
SEC 8-K filings with transcript text
Dec 4, 2025 · 100% conf.
1D
-3.16%
$516.88
5D
-1.84%
$523.88
20D
-3.17%
$516.82
ULTA BEAUTY, INC._December 4, 2025 0001403568false00014035682025-12-042025-12-04
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 4, 2025
(Exact name of registrant as specified in its charter)
Delaware 001-33764 38-4022268
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
1000 Remington Blvd., Suite 120, Bolingbrook, Illinois 60440
(Address of Principal Executive Offices and zip code)
(630) 410-4800 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. §230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.01 per share
The NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition. On December 4, 2025, Ulta Beauty, Inc. issued a press release regarding its consolidated financial results for the third quarter ended November 1, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits listed in the Exhibit Index below are being furnished herewith.
Exhibit No.
Description
99.1 Press release issued by Ulta Beauty, Inc. on December 4, 2025 announcing consolidated financial results for the third quarter ended November 1, 2025.
104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)
2
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 4, 2025 By: /s/ Rene G. Cásares
Rene G. Cásares
Chief Legal Officer
3
Aug 28, 2025
ULTA BEAUTY, INC._August 28, 2025 0001403568false00014035682025-08-282025-08-28
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 28, 2025
(Exact name of registrant as specified in its charter)
Delaware 001-33764 38-4022268
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
1000 Remington Blvd., Suite 120, Bolingbrook, Illinois 60440
(Address of Principal Executive Offices and zip code)
(630) 410-4800 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. §230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.01 per share
The NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition. On August 28, 2025, Ulta Beauty, Inc. issued a press release regarding its consolidated financial results for the second quarter ended August 2, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits listed in the Exhibit Index below are being furnished herewith.
Exhibit No.
Description
99.1 Press release issued by Ulta Beauty, Inc. on August 28, 2025 announcing consolidated financial results for the second quarter ended August 2, 2025.
104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)
2
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 28, 2025 By: /s/ Rene G. Cásares
Rene G. Cásares
Chief Legal Officer
3
May 29, 2025
ULTA BEAUTY, INC._May 29, 2025 0001403568false00014035682025-05-292025-05-29
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 29, 2025
(Exact name of registrant as specified in its charter)
Delaware 001-33764 38-4022268
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
1000 Remington Blvd., Suite 120, Bolingbrook, Illinois 60440
(Address of Principal Executive Offices and zip code)
(630) 410-4800 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 C.F.R. §230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 C.F.R. §240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 C.F.R. §240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 C.F.R. §240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, par value $0.01 per share
The NASDAQ Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition. On May 29, 2025, Ulta Beauty, Inc. issued a press release regarding its consolidated financial results for the first quarter ended May 3, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits listed in the Exhibit Index below are being furnished herewith.
Exhibit No.
Description
99.1 Press release issued by Ulta Beauty, Inc. on May 29, 2025 announcing consolidated financial results for the first quarter ended May 3, 2025.
104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document)
2
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 29, 2025 By: /s/ Rene G. Casares
Rene G. Casares
Chief Legal Officer
3
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