Ulta Beauty stock gains as BMO upgrade follows earnings beat
Published on 09/11/2026 at 22:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ulta Beauty stock (ISIN US90384S3031) is trading firmly above the USD 540 mark on Nasdaq after the beauty retailer’s latest quarterly results showed solid growth and an earnings beat, drawing fresh analyst attention as of September 11, 2026.
Analysts react to Ulta’s latest quarter
According to MarketBeat on September 11, 2026, BMO Capital Markets upgraded Ulta Beauty from its prior stance to a Hold rating, while the broader analyst consensus remains Moderate Buy with an average price target of USD 624.57 for the stock.
The same overview notes that Ulta recently reported quarterly earnings per share of USD 6.55 and revenue of USD 3.04 billion, beating analyst estimates and marking an 8.9 percent year-over-year increase in sales for that quarter, which ended in the company’s fiscal second quarter of 2026.MarketBeat
In parallel, Barclays is maintaining a constructive view on the name: as Futunn reported on September 11, 2026, Barclays analyst Adrienne Yih reiterated a Buy rating on Ulta Beauty with a price target of USD 645, underscoring expectations for continued strength in the company’s beauty retail positioning.
Earnings beat underpins valuation debate
The earnings beat has sharpened the debate over valuation. Ulta’s quarterly revenue of USD 3.04 billion in its fiscal second quarter of 2026 represented an 8.9 percent increase versus the same quarter a year earlier, while the reported EPS of USD 6.55 came in above consensus forecasts, confirming that the business is still growing faster than many mature retail peers.MarketBeat
Yet, not all commentary is unreservedly bullish. A recent analysis highlighted that Ulta Beauty shares have gained about 40.1 percent over the past five years, rewarding patient shareholders, but also suggested that the current stock price screens as rich relative to cash flow metrics.Simply Wall St For investors, the combination of a double-digit revenue increase and a relatively full valuation makes future margin trends and same-store sales growth in upcoming quarters a key focus.
Other analysts remain supportive. As Futunn reported on September 11, 2026, D.A. Davidson analyst Michael Baker kept a Buy rating on Ulta Beauty and maintained a price target of USD 625, indicating confidence that the company can build further on its recent performance despite broader consumer-sector volatility.
Stock trades near recent highs
Market data from the Nasdaq trading session show that Ulta Beauty shares have been oscillating in a relatively tight range near recent highs. According to price data noted in the analyst alert, Ulta shares opened at USD 535.63 on Nasdaq in the latest observed session, corresponding to a market capitalization of roughly USD 22.90 billion and a 52-week trading range between USD 443.60 and USD 714.97 as of early September 2026.MarketBeat
More recent intraday figures from a German portal indicate that in Nasdaq trading on September 11, 2026, the stock gained 1.2 percent to USD 541.96, after starting that session at USD 541.17 and reaching an intraday high of USD 544.40, placing the price comfortably above the lower end of its 52-week band but still well below the 52-week high of USD 714.97.finanzen.ch
For context over the year to date, Ulta Beauty’s total return stands in the low double digits; data from a UK-focused quote page show that the year-to-date return as of September 10, 2026 is around 11.47 percent, benchmarked against the S&P 500 index.Yahoo Finance That trajectory underlines how beauty demand has remained resilient even as broader retail names navigate mixed consumer spending patterns.
Next checkpoints for Ulta Beauty stock
Looking ahead, the company’s calendar on one major stock-portal overview shows that Ulta Beauty last reported earnings on August 27, 2026, for its fiscal second quarter, and lists a fiscal year end of January 31, 2027, offering investors a sense of when full-year numbers will eventually arrive.MarketBeat
While no specific next earnings date for Ulta Beauty is highlighted on the broader earnings calendars for September 11, 2026, investors can still look to upcoming sector conferences and seasonal demand indicators as interim checkpoints, especially with promotional events such as Ulta’s 21 Days of Beauty sale, which in 2026 offered selected products at 50 percent off in daily deals running through September 10.BeautyDealsBFF Such events can support traffic and basket sizes ahead of the crucial holiday season, which in turn may feed into future quarterly comparisons.
Ulta Beauty stock price and investor take
As of the Nasdaq session on September 11, 2026, Ulta Beauty stock was quoted around USD 541.96, up 1.2 percent on the day in that session, leaving the shares roughly 25 percent below the 52-week high of USD 714.97 but well above the 52-week low of USD 443.60. For investors, the combination of a recent earnings beat, sustained double-digit revenue growth and supportive but mixed analyst commentary keeps Ulta Beauty stock in focus as a beauty retail name where execution in coming quarters will be closely watched.
Ulta Beauty stock key data
- Company: Ulta Beauty, Inc.
- ISIN: US90384S3031
- Ticker: ULTA
- Trading venue: Nasdaq
- Price (as of September 11, 2026): 541.96 USD
- Market capitalization: 22.90 billion USD (as of early September 2026)
- Sector / Industry: Consumer discretionary / Specialty retail
- Index membership: S&P 500
