ULTA

Ulta Beauty, Inc.

Consumer Cyclical · $23.7B market cap

Verdict

Share price

$543.69

close of Oct 3, 2026

Fair value

$524.91

Sticker Price

Payback Price

$209.96

buy price

Fairly Valued

ULTA is Fairly Valued: at $543.69 it's within 4% of its fair value of $524.91. Its buy price (Payback Price) is $209.96, 61% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 7% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth19.9% a year✓
Equity per share growth13.9% a year✓
Sales growth16.5% a year✓
Free cash flow growth20.7% a year✓
Return on invested capital26.3%✓

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Superinvestors

None of the investors we track holds ULTA right now. In Q2 2026, 1 sold out. Who we track

Moves in Q2 2026

Sold out: Mairs & Power Funds

Insider activity

Since Jun 15, 2026: no open-market purchases, 1 sale worth $182K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Ulta Beauty, Inc.

Ulta Beauty, Inc. functions as a prominent beauty product retailer throughout the United States. Its physical locations feature a broad assortment of goods, including cosmetics, perfumes, skincare, haircare items, bath and body essentials, and professional salon styling instruments. Additionally, they provide a comprehensive suite of salon services, encompassing hair, skin, makeup, brow, and nail treatments. The…

Specialty Retail

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works