Ulta Beauty stock: Jefferies raises target from USD 670.00 to USD 730.00

Published on 10/24/2026 at 00:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Ulta Beauty stock, second-quarter sales reached USD 3.04 billion, up 8.90 percent year over year. Fiscal 2026 earnings guidance is USD 28.70-29.00.

Upcoming results frame the next test

Jefferies raised its Ulta Beauty target from USD 670.00 to USD 730.00 on October 23, 2026.
Second-quarter fiscal 2026 net sales reached USD 3.04 billion, up 8.90 percent year over year.
Ulta Beauty's next earnings conference call is scheduled for December 3, 2026.

Moderner Beauty-Store mit Kundin an Kosmetiktheke, helle Beleuchtung, offene Regale — Fotorealistische Ladeninnenansicht zeigt Beauty-Einzelhandel von Ulta Beauty Inc., ISIN US90384S3031, moderne Verkaufsflächen, Illustration mit AI erstellt.

Jefferies raised its target for Ulta Beauty stock from USD 670.00 to USD 730.00 on October 23, 2026, according to Futu. The move puts the analyst view above the company's stronger fiscal 2026 operating baseline.

Quarterly growth sets the baseline

Ulta Beauty reported second-quarter fiscal 2026 net sales of USD 3.04 billion for the period ended August 1, 2026, an 8.90 percent year-over-year increase. Diluted earnings per share rose 13.30 percent to USD 6.55, while operating income increased 10.10 percent to USD 379.60 million, according to the company's investor-relations update dated October 14, 2026.

The same update lists comparable-sales growth of 3.80 percent and identifies the Space NK acquisition and new stores as contributors to sales growth. The figures give the higher target a concrete operating reference, although the second-half comparison becomes more demanding.

What does the target change mean?

The target increase from USD 670.00 to USD 730.00 adds USD 60.00 to the Jefferies view. Zacks reported that fiscal 2026 earnings guidance stood at USD 28.70-29.00 per share, compared with USD 28.36-28.80 previously. Fiscal 2026 net-sales growth guidance was 6.70-7.20 percent, up from 6.00-7.00 percent.

Three dated signals for the stock

On August 27, 2026, Ulta Beauty reported second-quarter diluted earnings per share of USD 6.55 through its quarterly disclosure. On October 14, 2026, the company marked 10 years of foundation activity in its latest investor-relations news. On October 23, 2026, Jefferies raised its target to USD 730.00 from USD 670.00, as reported by Futu.

Upcoming reporting date

Ulta Beauty's next earnings conference call is scheduled for December 3, 2026. The latest investor-relations page also identifies January 31, 2027, as the fiscal year-end date for the next annual reporting cycle.

Execution remains the test

The investment case now rests on converting 3.80 percent comparable-sales growth and stronger digital activity into sustained earnings performance. Ulta Beauty operates in specialty retail, with more than 1,500 locations and a product range spanning cosmetics, fragrance, skin care, wellness, hair care and salon services.

The further course of trading is shown by the continuously updated real-time quote of Ulta Beauty stock.