Canaccord Genuity Group Lowers Ulta Beauty (NASDAQ:ULTA) Price Target to $731.00

Posted by Chris Copeland on Jun 3rd, 2026

Ulta Beauty (NASDAQ:ULTA – Get Free Report) had its price target lowered by analysts at Canaccord Genuity Group from $799.00 to $731.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Canaccord Genuity Group’s target price points to a potential upside of 56.27% from the company’s current price.

ULTA has been the topic of a number of other research reports. Piper Sandler dropped their price target on Ulta Beauty from $725.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company decreased their price target on Ulta Beauty from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Wednesday. Bank of America raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $685.00 price objective for the company in a report on Tuesday, May 5th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Ulta Beauty in a report on Tuesday, March 10th. Finally, Morgan Stanley reduced their price objective on Ulta Beauty from $700.00 to $630.00 and set an “overweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $651.27.

View Our Latest Analysis on ULTA

Ulta Beauty Price Performance

NASDAQ ULTA traded down $27.09 during mid-day trading on Wednesday, hitting $467.79. The stock had a trading volume of 1,726,983 shares, compared to its average volume of 696,073. The firm’s 50 day moving average is $525.01 and its 200 day moving average is $585.92. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.63 and a beta of 0.86. Ulta Beauty has a twelve month low of $452.00 and a twelve month high of $714.97.

Ulta Beauty (NASDAQ:ULTA – Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The specialty retailer reported $7.74 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $0.85. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Ulta Beauty had a return on equity of 43.56% and a net margin of 9.31%.The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.70 EPS. Ulta Beauty has set its FY 2026 guidance at 28.360-28.800 EPS. As a group, equities research analysts expect that Ulta Beauty will post 28.49 earnings per share for the current year.

Insider Activity

In other Ulta Beauty news, Director George R. Mrkonic, Jr. sold 452 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $539.29, for a total transaction of $243,759.08. Following the transaction, the director directly owned 2,383 shares in the company, valued at $1,285,128.07. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Optimize Financial Inc increased its stake in Ulta Beauty by 1.4% in the fourth quarter. Optimize Financial Inc now owns 1,176 shares of the specialty retailer’s stock valued at $711,000 after acquiring an additional 16 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Ulta Beauty by 6.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the specialty retailer’s stock valued at $160,000 after acquiring an additional 17 shares during the last quarter. Sound Income Strategies LLC increased its stake in Ulta Beauty by 13.1% in the fourth quarter. Sound Income Strategies LLC now owns 147 shares of the specialty retailer’s stock valued at $98,000 after acquiring an additional 17 shares during the last quarter. Legacy Advisors LLC increased its stake in Ulta Beauty by 1.2% in the fourth quarter. Legacy Advisors LLC now owns 1,543 shares of the specialty retailer’s stock valued at $934,000 after acquiring an additional 18 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in Ulta Beauty by 12.1% in the first quarter. Root Financial Partners LLC now owns 167 shares of the specialty retailer’s stock valued at $87,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

More Ulta Beauty News

Here are the key news stories impacting Ulta Beauty this week:

Positive Sentiment: Ulta posted a strong Q1 beat, with EPS of $7.74 and revenue of $3.16 billion, both above Wall Street estimates, while comparable sales rose 5.3%. Ulta Beauty Announces First Quarter Fiscal 2026 Results and Updates Fiscal 2026 Guidance
Positive Sentiment: Management raised fiscal 2026 EPS guidance to $28.36-$28.80 and lifted the share repurchase target to $1.5 billion, signaling confidence in cash generation and shareholder returns. Ulta Beauty raises annual profit forecast on higher-priced product demand
Positive Sentiment: Analysts at JPMorgan, Barclays, and Baird all kept bullish ratings, even as they trimmed price targets, implying continued upside from recent levels. Benzinga analyst price target updates
Positive Sentiment: Ulta’s prestige and higher-end beauty business continued to perform well, and the company highlighted broad-based growth across channels and categories. Ulta’s prestige beauty shines despite consumer pressure
Neutral Sentiment: Ulta and Klarna announced a flexible-payments partnership for U.S. online and app shoppers, which could support conversion but is not a major earnings driver yet. Klarna and Ulta Beauty Partner to Bring Flexible Payments to U.S. Beauty Shoppers
Negative Sentiment: Several analysts lowered price targets after the report, including JPMorgan to $631, Barclays to $647, and Baird to $700, reflecting more cautious expectations following the run-up in the shares. Benzinga price target cuts
Negative Sentiment: Some investors appear to be selling the news, with commentary pointing to concerns about margin durability, inventory growth, and only limited guidance upside versus the strong quarterly beat. Ulta Beauty beats Q1 estimates, shares fall on muted full-year outlook

Ulta Beauty Company Profile

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Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.