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TD Cowen Reaffirms Their Buy Rating on Ulta Beauty (ULTA)

Tipranks - Tue Jun 9, 6:20PM CDT

In a report released today, Oliver Chen from TD Cowen maintained a Buy rating on Ulta Beauty, with a price target of $600.00.

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According to TipRanks, Chen is a 3-star analyst with an average return of 2.0% and a 47.39% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as Kohl’s, thredUP, and Ermenegildo Zegna.

In addition to TD Cowen, Ulta Beauty also received a Buy from Telsey Advisory’s Dana Telsey in a report issued today. However, on June 4, William Blair maintained a Hold rating on Ulta Beauty (NASDAQ: ULTA).

Based on Ulta Beauty’s latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $3.16 billion and a net profit of $340.47 million. In comparison, last year the company earned a revenue of $2.85 billion and had a net profit of $305.05 million

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULTA in relation to earlier this year. Most recently, in April 2026, George Mrkonic, a Director at ULTA sold 452.00 shares for a total of $243,759.08.

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