Ulta Beauty rises on raised outlook amid strong makeup, skin care demand

Ulta Beauty

05/12/2025 12:39

** Shares of Ulta Beauty ULTA.O up 6.52% at $568.75 before the bell

** The cosmetic retailer raised its annual sales and profit forecasts, benefiting from strong demand for its makeup and skincare products

** Co expects annual profit of $25.20-$25.50 per share, vs its prior forecast of $23.85-$24.30

** "We believe Ulta is executing extremely well and is on track to benefit from continued healthy beauty demand this holiday season," said analysts at Canaccord Genuity in a note

** For the third quarter, earnings per share of $5.14 beat estimates of $4.64, as per data compiled by LSEG

** At least eight brokerages raised PTs on the stock

** Median PT of 27 analysts covering the stock is $608 with an avg "buy" rating, according to data compiled by LSEG

** As of last close, ULTA up nearly 23%

 (Reporting by Kanchana Chakravarty in Bengaluru)

 ((Kanchana.Chakravarty@thomsonreuters.com;))