(ULTA) Ulta Beauty - Overview

Sector: Consumer Cyclical | Industry: Specialty Retail | Exchange: NASDAQ (USA) | Market Cap: 24.073m USD | Total Return: 46.6% in 12m

Cosmetics, Fragrance, Haircare, Skincare, Tools
Total Rating 57
Safety 32
Buy Signal -0.36
Specialty Retail
Industry Rotation: -3.8
Market Cap: 24.1B
Avg Turnover: 372M USD
ATR: 3.64%
Peers RS (IBD): 46.4
Risk 5d forecast
Volatility39.2%
Rel. Tail Risk-16.4%
Reward TTM
Sharpe Ratio1.09
Alpha7.91
Character TTM
Beta1.360
Beta Downside1.718
Drawdowns 3y
Max DD44.56%
CAGR/Max DD-0.02
EPS (Earnings per Share) EPS (Earnings per Share) of ULTA over the last years for every Quarter: "2021-04": 4.1, "2021-07": 4.56, "2021-10": 3.94, "2022-01": 5.41, "2022-04": 6.3, "2022-07": 5.7, "2022-10": 5.34, "2023-01": 6.68, "2023-04": 6.88, "2023-07": 6.02, "2023-10": 5.07, "2024-01": 8.08, "2024-04": 6.47, "2024-07": 5.3, "2024-10": 5.14, "2025-01": 8.46, "2025-04": 6.7, "2025-07": 5.78, "2025-10": 5.14, "2026-01": 8.01,
EPS CAGR: 6.61%
EPS Trend: 13.8%
Last SUE: -0.07
Qual. Beats: 0
Revenue Revenue of ULTA over the last years for every Quarter: 2021-04: 1938.519, 2021-07: 1967.207, 2021-10: 1995.775, 2022-01: 2729.388, 2022-04: 2345.901, 2022-07: 2297.113, 2022-10: 2338.793, 2023-01: 3226.773, 2023-04: 2634.263, 2023-07: 2529.809, 2023-10: 2488.933, 2024-01: 3554.298, 2024-04: 2725.848, 2024-07: 2552.087, 2024-10: 2530.1, 2025-01: 3487.619, 2025-04: 2848.367, 2025-07: 2788.469, 2025-10: 2857.623, 2026-01: 3898.361,
Rev. CAGR: 14.50%
Rev. Trend: 57.3%
Last SUE: 1.11
Qual. Beats: 4

Warnings

Beneish M-Score -0.94 > -1.5 - likely earnings manipulation

Tailwinds

No distinct edge detected

Description: ULTA Ulta Beauty

Ulta Beauty, Inc. (ULTA) is a specialty beauty retailer operating in the United States, Mexico, and Kuwait. The company sells branded and private label beauty products across multiple categories, including cosmetics, fragrance, and skincare. Its business model integrates retail stores, e-commerce platforms, and in-store beauty services. The beauty retail sector often sees strong customer loyalty programs and experiential retail elements.

Ulta Beauty distributes products through its physical stores, shop-in-shops, website, and mobile applications. The company also generates revenue from in-store services such as hair and makeup applications. The integration of product sales and services is a common strategy in the beauty industry to enhance customer engagement and average transaction value.

To deepen your understanding of ULTAs performance, consider exploring its detailed financial metrics on ValueRay.

Headlines to Watch Out For
  • Consumer discretionary spending impacts beauty product sales
  • E-commerce growth expands market reach and revenue
  • Salon services drive in-store traffic and brand loyalty
  • Private label product expansion boosts profit margins
  • Supply chain disruptions increase operational costs
Piotroski VR‑10 (Strict) 8.5
Net Income: 1.15b TTM > 0 and > 6% of Revenue
FCF/TA: 0.14 > 0.02 and ΔFCF/TA -1.98 > 1.0
NWC/Revenue: 7.42% < 20% (prev 11.06%; Δ -3.64% < -1%)
CFO/TA 0.22 > 3% & CFO 1.51b > Net Income 1.15b
Net Debt (1.76b) to EBITDA (1.84b): 0.95 < 3
Current Ratio: 1.41 > 1.5 & < 3
Outstanding Shares: last quarter (45.0m) vs 12m ago -3.20% < -2%
Gross Margin: 39.10% > 18% (prev 0.39%; Δ 3.87k% > 0.5%)
Asset Turnover: 190.6% > 50% (prev 188.2%; Δ 2.44% > 0%)
Interest Coverage Ratio: 228.5 > 6 (EBITDA TTM 1.84b / Interest Expense TTM 6.75m)
Altman Z'' 3.70
A: 0.13 (Total Current Assets 3.14b - Total Current Liabilities 2.22b) / Total Assets 7.00b
B: 0.25 (Retained Earnings 1.74b / Total Assets 7.00b)
C: 0.24 (EBIT TTM 1.54b / Avg Total Assets 6.50b)
D: 0.41 (Book Value of Equity 1.74b / Total Liabilities 4.20b)
Altman-Z'' Score: 3.70 = AA
Beneish M -0.94
DSRI: 1.21 (Receivables 296.2m/223.3m, Revenue 12.39b/11.30b)
GMI: 0.99 (GM 39.10% / 38.84%)
AQI: 4.21 (AQ_t 0.09 / AQ_t-1 0.02)
SGI: 1.10 (Revenue 12.39b / 11.30b)
TATA: -0.05 (NI 1.15b - CFO 1.51b) / TA 7.00b)
Beneish M-Score: -0.94 (Cap -4..+1) = D
What is the price of ULTA shares? As of April 12, 2026, the stock is trading at USD 520.38 with a total of 708,060 shares traded.
Over the past week, the price has changed by -4.10%, over one month by -19.60%, over three months by -21.33% and over the past year by +46.61%.
Is ULTA a buy, sell or hold? Ulta Beauty has received a consensus analysts rating of 3.68. Therefor, it is recommend to hold ULTA.
  • StrongBuy: 9
  • Buy: 4
  • Hold: 13
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the ULTA price?
Analysts Target Price 681.2 30.9%
Ulta Beauty (ULTA) - Fundamental Data Overview as of 08 April 2026
P/E Trailing = 21.1725
P/E Forward = 18.9036
P/S = 1.9425
P/B = 8.3838
P/EG = 1.9707
Revenue TTM = 12.39b USD
EBIT TTM = 1.54b USD
EBITDA TTM = 1.84b USD
Long Term Debt = 2.12b USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 369.0m USD (from shortTermDebt, last quarter)
Debt = 2.18b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.76b USD (from netDebt column, last quarter)
Enterprise Value = 25.76b USD (24.07b + Debt 2.18b - CCE 494.2m)
Interest Coverage Ratio = 228.5 (Ebit TTM 1.54b / Interest Expense TTM 6.75m)
EV/FCF = 26.14x (Enterprise Value 25.76b / FCF TTM 985.6m)
FCF Yield = 3.83% (FCF TTM 985.6m / Enterprise Value 25.76b)
FCF Margin = 7.95% (FCF TTM 985.6m / Revenue TTM 12.39b)
Net Margin = 9.31% (Net Income TTM 1.15b / Revenue TTM 12.39b)
Gross Margin = 39.10% ((Revenue TTM 12.39b - Cost of Revenue TTM 7.55b) / Revenue TTM)
Gross Margin QoQ = 38.06% (prev 40.44%)
Tobins Q-Ratio = 3.68 (Enterprise Value 25.76b / Total Assets 7.00b)
Interest Expense / Debt = 0.12% (Interest Expense 2.62m / Debt 2.18b)
Taxrate = 24.45% (116.0m / 474.3m)
NOPAT = 1.16b (EBIT 1.54b * (1 - 24.45%))
Current Ratio = 1.41 (Total Current Assets 3.14b / Total Current Liabilities 2.22b)
Debt / Equity = 0.78 (Debt 2.18b / totalStockholderEquity, last quarter 2.80b)
Debt / EBITDA = 0.95 (Net Debt 1.76b / EBITDA 1.84b)
Debt / FCF = 1.78 (Net Debt 1.76b / FCF TTM 985.6m)
Total Stockholder Equity = 2.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.74% (Net Income 1.15b / Total Assets 7.00b)
RoE = 44.07% (Net Income TTM 1.15b / Total Stockholder Equity 2.62b)
RoCE = 32.54% (EBIT 1.54b / Capital Employed (Equity 2.62b + L.T.Debt 2.12b))
RoIC = 40.96% (NOPAT 1.16b / Invested Capital 2.84b)
WACC = 9.88% (E(24.07b)/V(26.26b) * Re(10.77%) + D(2.18b)/V(26.26b) * Rd(0.12%) * (1-Tc(0.24)))
Discount Rate = 10.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -2.26%
[DCF] Terminal Value 72.13% ; FCFF base≈977.0m ; Y1≈992.9m ; Y5≈1.09b
[DCF] Fair Price = 282.0 (EV 14.09b - Net Debt 1.76b = Equity 12.33b / Shares 43.7m; r=9.88% [WACC]; 5y FCF grow 1.36% → 3.0% )
EPS Correlation: 13.75 | EPS CAGR: 6.61% | SUE: -0.07 | # QB: 0
Revenue Correlation: 57.26 | Revenue CAGR: 14.50% | SUE: 1.11 | # QB: 4
EPS next Quarter (2026-07-31): EPS=6.23 | Chg7d=-0.114 | Chg30d=-0.151 | Revisions Net=-6 | Analysts=16
EPS current Year (2027-01-31): EPS=28.50 | Chg7d=+0.021 | Chg30d=+0.012 | Revisions Net=+1 | Growth EPS=+11.2% | Growth Revenue=+6.7%
EPS next Year (2028-01-31): EPS=31.52 | Chg7d=+0.051 | Chg30d=+0.216 | Revisions Net=+0 | Growth EPS=+10.6% | Growth Revenue=+5.5%
[Analyst] Revisions Ratio: -0.43 (4 Up / 10 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.0% (Discount Rate 10.8% - Earnings Yield 4.7%)
[Growth] Growth Spread = +1.8% (Analyst 7.8% - Implied 6.0%)
External Resources
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