Symbols / ULTA $563.91 -1.10% Ulta Beauty, Inc.

Consumer Cyclical • Specialty Retail • United States • NMS
ULTA Chart
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About

Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. It also provides wellness products. 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.

Fundamentals
Scroll to Statements
Market Cap 24.66B Enterprise Value 26.35B Income 1.15B Sales 12.39B Book/sh 63.48 Cash/sh 11.30
Dividend Yield — Payout 0.00% Employees 21382 IPO — P/E 21.98 Forward P/E 17.87
PEG 2.10 P/S 1.99 P/B 8.88 P/C — EV/EBITDA 14.37 EV/Sales 2.13
Quick Ratio 0.35 Current Ratio 1.41 Debt/Eq 77.83 LT Debt/Eq — EPS (ttm) 25.66 EPS next Y 31.56
EPS Growth -5.40% Revenue Growth 11.80% Earnings 2026-06-02 ROA 14.74% ROE 43.59% ROIC —
Gross Margin 43.05% Oper. Margin 12.23% Profit Margin 9.31% Shs Outstand 43.56M Shs Float 43.59M Short Float 6.38%
Short Ratio 2.31 Short Interest — 52W High 714.97 52W Low 375.01 Beta 0.95 Avg Volume 694.09K
Volume 553.63K Target Price $676.21 Recom Buy Prev Close $570.16 Price $563.91 Change -1.10%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$676.21
Mean price target
2. Current target
$563.91
Latest analyst target
3. DCF / Fair value
$371.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$563.91
Low
$475.00
High
$810.00
Mean
$676.21

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 up Jefferies Hold → Buy $700
2026-04-14 main DA Davidson Buy → Buy $650
2026-03-13 main Canaccord Genuity Buy → Buy $799
2026-03-13 main Oppenheimer Outperform → Outperform $650
2026-03-13 main JP Morgan Overweight → Overweight $750
2026-03-13 reit Piper Sandler Overweight → Overweight $725
2026-03-13 main Morgan Stanley Overweight → Overweight $700
2026-03-13 main Wells Fargo Underweight → Underweight $475
2026-03-13 main TD Cowen Buy → Buy $750
2026-03-13 main Telsey Advisory Group Outperform → Outperform $715
2026-03-11 main Evercore ISI Group Outperform → Outperform $725
2026-03-10 main Canaccord Genuity Buy → Buy $799
2026-03-09 main Wells Fargo Underweight → Underweight $500
2026-03-09 main Barclays Overweight → Overweight $712
2026-03-09 main Telsey Advisory Group Outperform → Outperform $715
2026-01-21 main TD Cowen Buy → Buy $775
2026-01-21 up Raymond James Outperform → Strong Buy $790
2026-01-20 main Oppenheimer Outperform → Outperform $750
2026-01-15 main Morgan Stanley Overweight → Overweight $750
2026-01-08 main B of A Securities Neutral → Neutral $685
News
RSS: Latest ULTA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-07 MRKONIC GEORGE R JR Director — 452 $539.29 $243,759
2026-03-31 CASARES RENE GABRIEL Officer — 1,263 $0.00 $0
2026-03-31 STEELMAN KECIA Chief Executive Officer — 10,889 $0.00 $0
2026-03-31 DELOREFICE CHRISTOPHER Chief Financial Officer — 4,219 $0.00 $0
2026-03-31 RYAN ANITA JANE Officer — 1,443 $0.00 $0
2026-03-31 LIALIOS CHRISTOPHER Officer — 519 $0.00 $0
2026-02-12 STEELMAN KECIA Chief Executive Officer — 3,416 $0.00 $0
2026-02-12 RYAN ANITA JANE Officer — 644 $0.00 $0
2025-12-15 HALLIGAN CATHERINE ANN Director — 340 $0.00 $0
2025-12-09 DELOREFICE CHRISTOPHER Chief Financial Officer — 5,474 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Total Revenue
12,392.82
+9.71%
11,295.65
+0.79%
11,207.30
+9.78%
10,208.58
Operating Revenue
12,392.82
+9.71%
11,295.65
+0.79%
11,207.30
+9.78%
10,208.58
Cost Of Revenue
7,547.60
+9.25%
6,908.40
+1.20%
6,826.20
+10.74%
6,164.07
Reconciled Cost Of Revenue
7,547.60
+9.25%
6,908.40
+1.20%
6,826.20
+10.74%
6,164.07
Operating Expense
3,296.41
+17.37%
2,808.59
+4.23%
2,694.56
+12.49%
2,395.30
Selling General And Administration
3,296.41
+17.37%
2,808.59
+4.23%
2,694.56
+12.49%
2,395.30
Other Operating Expenses
—
—
—
10.60
Total Expenses
10,844.01
+11.60%
9,716.99
+2.06%
9,520.76
+11.23%
8,559.37
Operating Income
1,548.81
-1.89%
1,578.66
-6.40%
1,686.54
+2.26%
1,649.21
Total Operating Income As Reported
1,532.99
-2.04%
1,564.97
-6.74%
1,678.03
+2.41%
1,638.61
EBITDA
1,849.59
+0.21%
1,845.70
-4.39%
1,930.38
+2.10%
1,890.58
Normalized EBITDA
1,865.41
+0.32%
1,859.39
-4.10%
1,938.89
+1.98%
1,901.18
Reconciled Depreciation
300.77
+12.63%
267.04
+9.52%
243.84
+1.02%
241.37
EBIT
1,548.81
-1.89%
1,578.66
-6.40%
1,686.54
+2.26%
1,649.21
Total Unusual Items
-15.82
-15.57%
-13.69
-60.86%
-8.51
+19.72%
-10.60
Total Unusual Items Excluding Goodwill
-15.82
-15.57%
-13.69
-60.86%
-8.51
+19.72%
-10.60
Special Income Charges
-15.82
-15.57%
-13.69
-60.86%
-8.51
+19.72%
-10.60
Other Special Charges
15.82
+15.57%
13.69
+60.86%
8.51
-19.72%
10.60
Write Off
—
—
—
0.00
Net Income
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Pretax Income
1,531.20
-3.09%
1,580.07
-6.82%
1,695.65
+3.17%
1,643.54
Net Non Operating Interest Income Expense
-1.79
-111.84%
15.09
-14.35%
17.62
+257.15%
4.93
Net Interest Income
-1.79
-111.84%
15.09
-14.35%
17.62
+257.15%
4.93
Interest Income Non Operating
—
15.09
-14.35%
17.62
+257.15%
4.93
Interest Income
—
15.09
-14.35%
17.62
+257.15%
4.93
Other Income Expense
-15.82
-15.57%
-13.69
-60.86%
-8.51
+19.72%
-10.60
Tax Provision
373.87
-1.34%
378.95
-6.35%
404.65
+0.88%
401.14
Tax Rate For Calcs
0.00
+2.08%
0.00
+0.42%
0.00
-2.05%
0.00
Tax Effect Of Unusual Items
-3.88
-17.98%
-3.29
-61.53%
-2.03
+21.37%
-2.59
Net Income Including Noncontrolling Interests
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Net Income From Continuing Operation Net Minority Interest
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Net Income From Continuing And Discontinued Operation
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Net Income Continuous Operations
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Normalized Income
1,165.42
-3.80%
1,211.52
-6.63%
1,297.48
+3.76%
1,250.42
Net Income Common Stockholders
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Diluted EPS
—
25.34
-2.65%
26.03
+8.41%
24.01
Basic EPS
—
25.44
-2.83%
26.18
+8.32%
24.17
Basic Average Shares
—
47.21
-4.25%
49.30
-4.08%
51.40
Diluted Average Shares
—
47.40
-4.42%
49.60
-4.14%
51.74
Diluted NI Availto Com Stockholders
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Earnings From Equity Interest Net Of Tax
-3.86
0.00
0.00
—
Total Other Finance Cost
1.79
+111.84%
-15.09
+14.35%
-17.62
-257.15%
-4.93
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Total Assets
6,999.29
+16.62%
6,001.69
+5.16%
5,707.01
+6.27%
5,370.41
Current Assets
3,144.15
+3.81%
3,028.81
+6.78%
2,836.52
+4.70%
2,709.30
Cash Cash Equivalents And Short Term Investments
494.24
-29.72%
703.20
-8.27%
766.59
+3.89%
737.88
Cash And Cash Equivalents
424.24
-39.67%
703.20
-8.27%
766.59
+3.89%
737.88
Cash Equivalents
113.05
+22.95%
91.95
+2.63%
89.59
+3.56%
86.51
Cash Financial
311.19
-49.09%
611.25
-9.71%
677.00
+3.94%
651.37
Other Short Term Investments
70.00
0.00
—
—
Receivables
296.22
+32.63%
223.33
+7.40%
207.94
+4.27%
199.42
Accounts Receivable
—
—
—
199.42
Receivables Adjustments Allowances
—
—
—
-1.08
Other Receivables
296.22
+32.63%
223.33
+7.40%
207.94
+4.27%
199.42
Inventory
2,181.13
+10.82%
1,968.21
+12.98%
1,742.14
+8.65%
1,603.45
Finished Goods
2,181.13
+10.82%
1,968.21
+12.98%
1,742.14
+8.65%
1,603.45
Prepaid Assets
72.22
+2.66%
70.35
+1.00%
69.65
-29.66%
99.02
Current Deferred Assets
44.80
+53.55%
29.18
+18.68%
24.58
-29.56%
34.90
Other Current Assets
55.55
+60.84%
34.54
+34.84%
25.61
-26.05%
34.64
Total Non Current Assets
3,855.15
+29.68%
2,972.89
+3.57%
2,870.49
+7.87%
2,661.11
Net PPE
3,247.14
+13.97%
2,849.16
+3.35%
2,756.86
+7.25%
2,570.54
Gross PPE
5,660.39
+13.14%
5,003.00
+4.92%
4,768.56
+7.78%
4,424.44
Accumulated Depreciation
-2,413.25
-12.04%
-2,153.83
-7.07%
-2,011.69
-8.51%
-1,853.91
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
2,575.56
+13.41%
2,271.11
+9.62%
2,071.87
+14.38%
1,811.37
Construction In Progress
132.77
+64.23%
80.84
-58.17%
193.26
-1.46%
196.12
Other Properties
1,813.07
+12.62%
1,609.87
+2.24%
1,574.53
+0.85%
1,561.26
Leases
1,138.98
+9.39%
1,041.18
+12.09%
928.90
+8.56%
855.70
Goodwill And Other Intangible Assets
429.71
+3780.34%
11.07
-2.69%
11.38
-6.58%
12.18
Goodwill
226.42
+1982.99%
10.87
+0.00%
10.87
+0.00%
10.87
Other Intangible Assets
203.29
+99550.98%
0.20
-60.00%
0.51
-61.13%
1.31
Non Current Deferred Assets
116.90
+33.92%
87.29
+4.93%
83.19
+30.14%
63.92
Other Non Current Assets
61.40
+142.15%
25.36
+33.02%
19.06
+31.77%
14.47
Total Liabilities Net Minority Interest
4,195.84
+19.43%
3,513.34
+2.50%
3,427.68
+0.50%
3,410.60
Current Liabilities
2,224.34
+25.00%
1,779.48
+7.31%
1,658.19
-1.40%
1,681.78
Payables And Accrued Expenses
1,273.01
+28.49%
990.78
+5.65%
937.78
-6.58%
1,003.80
Payables
796.70
+18.69%
671.25
+9.66%
612.10
-1.01%
618.38
Accounts Payable
685.89
+21.66%
563.76
+3.63%
544.00
-2.77%
559.53
Current Accrued Expenses
476.31
+49.07%
319.52
-1.89%
325.68
-15.50%
385.43
Total Tax Payable
110.81
+3.09%
107.49
+57.85%
68.10
+15.72%
58.85
Income Tax Payable
35.74
-23.60%
46.78
+313.59%
11.31
0.00
Current Debt And Capital Lease Obligation
368.96
+28.06%
288.11
+1.51%
283.82
+0.19%
283.29
Current Debt
62.29
—
—
—
Current Capital Lease Obligation
306.67
+6.44%
288.11
+1.51%
283.82
+0.19%
283.29
Current Deferred Liabilities
582.38
+16.34%
500.58
+14.66%
436.59
+10.62%
394.68
Current Deferred Revenue
582.38
+16.34%
500.58
+14.66%
436.59
+10.62%
394.68
Total Non Current Liabilities Net Minority Interest
1,971.50
+13.71%
1,733.86
-2.01%
1,769.49
+2.35%
1,728.83
Long Term Debt And Capital Lease Obligation
1,813.10
+10.89%
1,635.12
+0.48%
1,627.27
+0.46%
1,619.88
Long Term Capital Lease Obligation
1,813.10
+10.89%
1,635.12
+0.48%
1,627.27
+0.46%
1,619.88
Non Current Deferred Liabilities
98.77
+131.88%
42.59
-50.43%
85.92
+55.24%
55.35
Non Current Deferred Taxes Liabilities
98.77
+131.88%
42.59
-50.43%
85.92
+55.24%
55.35
Other Non Current Liabilities
59.63
+6.20%
56.15
-0.27%
56.30
+5.05%
53.60
Stockholders Equity
2,803.45
+12.66%
2,488.35
+9.17%
2,279.33
+16.30%
1,959.81
Common Stock Equity
2,803.45
+12.66%
2,488.35
+9.17%
2,279.33
+16.30%
1,959.81
Capital Stock
0.45
-3.85%
0.47
-4.68%
0.49
-3.91%
0.51
Common Stock
0.45
-3.85%
0.47
-4.68%
0.49
-3.91%
0.51
Share Issued
45.05
-3.76%
46.81
-4.71%
49.12
-3.91%
51.12
Ordinary Shares Number
44.17
-3.91%
45.97
-4.88%
48.32
-4.05%
50.36
Treasury Shares Number
0.88
+4.50%
0.84
+5.63%
0.80
+5.69%
0.76
Additional Paid In Capital
1,182.75
+5.53%
1,120.77
+4.25%
1,075.10
+4.99%
1,024.00
Retained Earnings
1,736.93
+17.85%
1,473.91
+14.54%
1,286.77
+29.22%
995.77
Gains Losses Not Affecting Retained Earnings
3.76
0.00
—
—
Treasury Stock
120.44
+12.78%
106.79
+28.62%
83.03
+37.31%
60.47
Other Equity Adjustments
3.76
—
—
—
Total Equity Gross Minority Interest
2,803.45
+12.66%
2,488.35
+9.17%
2,279.33
+16.30%
1,959.81
Total Capitalization
2,803.45
+12.66%
2,488.35
+9.17%
2,279.33
+16.30%
1,959.81
Working Capital
919.80
-26.38%
1,249.33
+6.03%
1,178.33
+14.68%
1,027.53
Invested Capital
2,865.74
+15.17%
2,488.35
+9.17%
2,279.33
+16.30%
1,959.81
Total Debt
2,182.06
+13.46%
1,923.23
+0.64%
1,911.09
+0.42%
1,903.18
Capital Lease Obligations
2,119.77
+10.22%
1,923.23
+0.64%
1,911.09
+0.42%
1,903.18
Net Tangible Assets
2,373.74
-4.18%
2,477.28
+9.23%
2,267.95
+16.45%
1,947.63
Tangible Book Value
2,373.74
-4.18%
2,477.28
+9.23%
2,267.95
+16.45%
1,947.63
Line Of Credit
62.29
0.00
—
—
Line Item Trend 2026-01-31 2025-01-31 2024-01-31 2023-01-31
Operating Cash Flow
1,502.78
+12.26%
1,338.61
-9.32%
1,476.27
-0.38%
1,481.91
Cash Flow From Continuing Operating Activities
1,502.78
+12.26%
1,338.61
-9.32%
1,476.27
-0.38%
1,481.91
Net Income From Continuing Operations
1,153.48
-3.97%
1,201.12
-6.96%
1,291.01
+3.91%
1,242.41
Depreciation Amortization Depletion
300.77
+12.63%
267.04
+9.52%
243.84
+1.02%
241.37
Depreciation And Amortization
300.77
+12.63%
267.04
+9.52%
243.84
+1.02%
241.37
Other Non Cash Items
351.28
+13.08%
310.64
-6.65%
332.75
+10.22%
301.91
Stock Based Compensation
37.43
-12.53%
42.79
-11.31%
48.25
+12.09%
43.04
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
-3.24
+92.53%
-43.33
-241.71%
30.57
+95.33%
15.65
Deferred Income Tax
-3.24
+92.53%
-43.33
-241.71%
30.57
+95.33%
15.65
Operating Gains Losses
14.86
+28.44%
11.57
+1.29%
11.42
+70.74%
6.69
Gain Loss On Sale Of PPE
11.00
-4.91%
11.57
+1.29%
11.42
+70.74%
6.69
Change In Working Capital
-351.80
+22.03%
-451.22
+6.30%
-481.57
-30.45%
-369.16
Change In Receivables
-71.38
-363.62%
-15.39
-80.76%
-8.52
-124.86%
34.26
Change In Inventory
-135.80
+39.93%
-226.08
-63.02%
-138.69
-33.05%
-104.23
Change In Prepaid Assets
-25.61
-89.47%
-13.52
-192.27%
14.65
+175.38%
-19.43
Change In Payables And Accrued Expense
197.26
+438.97%
36.60
+144.04%
-83.11
-246.95%
56.56
Change In Accrued Expense
108.20
+1616.66%
6.30
+110.13%
-62.24
-228.99%
48.25
Change In Payable
89.06
+193.96%
30.30
+245.15%
-20.87
-351.21%
8.31
Change In Account Payable
89.06
+193.96%
30.30
+245.15%
-20.87
-351.21%
8.31
Change In Other Working Capital
36.56
-63.80%
101.01
+39.90%
72.20
+711.06%
-11.81
Change In Other Current Liabilities
-352.84
-5.69%
-333.83
+1.26%
-338.11
-4.19%
-324.50
Investing Cash Flow
-931.35
-143.11%
-383.09
+13.22%
-441.43
-40.32%
-314.58
Cash Flow From Continuing Investing Activities
-931.35
-143.11%
-383.09
+13.22%
-441.43
-40.32%
-314.58
Capital Expenditure
-434.83
-16.12%
-374.46
+13.97%
-435.27
-39.45%
-312.13
Capital Expenditure Reported
-434.83
-16.12%
-374.46
+13.97%
-435.27
-39.45%
-312.13
Net Investment Purchase And Sale
-109.70
-1171.05%
-8.63
-40.16%
-6.16
-150.53%
-2.46
Purchase Of Investment
-109.70
-1171.05%
-8.63
-40.16%
-6.16
-150.53%
-2.46
Sale Of Investment
—
—
—
0.00
Net Business Purchase And Sale
-386.81
0.00
0.00
0.00
Purchase Of Business
-386.81
0.00
0.00
0.00
Financing Cash Flow
-850.67
+16.51%
-1,018.91
-1.27%
-1,006.12
-16.85%
-861.01
Cash Flow From Continuing Financing Activities
-850.67
+16.51%
-1,018.91
-1.27%
-1,006.12
-16.85%
-861.01
Net Issuance Payments Of Debt
32.57
0.00
0.00
0.00
Issuance Of Debt
2,214.89
+1009.11%
199.70
+2.20%
195.40
0.00
Repayment Of Debt
-2,182.32
-992.80%
-199.70
-2.20%
-195.40
0.00
Long Term Debt Issuance
—
199.70
+2.20%
195.40
0.00
Long Term Debt Payments
—
-199.70
-2.20%
-195.40
0.00
Net Long Term Debt Issuance
—
0.00
0.00
0.00
Short Term Debt Issuance
2,214.89
+1009.11%
199.70
+2.20%
195.40
—
Short Term Debt Payments
-2,182.32
-992.80%
-199.70
-2.20%
-195.40
—
Net Short Term Debt Issuance
32.57
0.00
0.00
—
Net Common Stock Issuance
-915.04
+10.91%
-1,027.09
-0.86%
-1,018.30
-12.27%
-907.02
Common Stock Payments
-915.04
+10.91%
-1,027.09
-0.86%
-1,018.30
-12.27%
-907.02
Repurchase Of Capital Stock
-915.04
+10.91%
-1,027.09
-0.86%
-1,018.30
-12.27%
-907.02
Proceeds From Stock Option Exercised
32.56
+163.89%
12.34
+1.34%
12.18
-73.54%
46.01
Net Other Financing Charges
-0.76
+81.65%
-4.16
—
—
Changes In Cash
-279.23
-340.48%
-63.39
-320.75%
28.72
-90.63%
306.32
Effect Of Exchange Rate Changes
0.27
0.00
0.00
0.00
Beginning Cash Position
703.20
-8.27%
766.59
+3.89%
737.88
+70.98%
431.56
End Cash Position
424.24
-39.67%
703.20
-8.27%
766.59
+3.89%
737.88
Free Cash Flow
1,067.95
+10.77%
964.15
-7.38%
1,041.00
-11.01%
1,169.79
Interest Paid Supplemental Data
9.67
+132.58%
4.16
+25.01%
3.33
+55.61%
2.14
Income Tax Paid Supplemental Data
381.81
-1.10%
386.06
+17.62%
328.21
-23.64%
429.85
Earnings Losses From Equity Investments
3.86
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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