TD Cowen has upgraded Ulta Beauty Inc (ULTA) to a Buy rating from Hold as of December 7, 2025. The stock is currently priced at $595.49.
This upgrade underscores a more optimistic view on Ulta's prospects, suggesting potential improvements in fundamentals or business performance. Analyst sentiment may also reflect increased confidence in the company’s strategic direction.
Ulta Beauty, headquartered in Bolingbrook, Illinois, operates approximately 1,451 retail stores across the U.S. and employs around 20,000 full-time staff. The company offers a diverse assortment of approximately 29,000 beauty products and various beauty services in its stores, predominantly located in high-traffic areas. Additionally, Ulta provides digital experiences through its website, Ulta.com, and mobile applications.
With a market capitalization of $23.2 billion, Ulta's trailing twelve-month P/E ratio stands at 19.33, and its earnings per share (EPS) is reported at 26.09. Looking ahead, the company is set to announce its next earnings report on May 27, 2026, with an EPS estimate of $7.38 and revenue expected to reach $3.1 billion.
Analyst ratings and price targets offer insights based on research and financial models, but they reflect assumptions that may not always materialize. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can vary and change over time as new information becomes available.
Recent analyst actions include Morgan Stanley maintaining its Overweight rating and UBS and Evercore ISI Group maintaining their Buy and Outperform ratings, respectively. As of December 1, 2025, the analyst consensus for Ulta Beauty remains a Buy, with 7 Strong Buy, 14 Buy, 11 Hold, and 1 Sell ratings among 33 analysts surveyed.
This update provides insight into the evolving landscape for Ulta Beauty, as the company continues to navigate a competitive retail environment.