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Is Ulta Beauty, Inc. (ULTA) Undervalued? Valuation & Fair Price

At $540.98, 3 of the 4 frameworks would pass on Ulta Beauty, Inc. today — Warren Buffett, Benjamin Graham, and Phil Town (Rule #1) rate it Avoid and Peter Lynch rates it Hold. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.

UL

Ulta Beauty, Inc.

ULTA

Consumer Cyclical · Specialty Retail · NASDAQ

$540.98

P/E 19.9×

CEO

Kecia L. Steelman

Sector

Consumer Cyclical

Industry

Specialty Retail

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 company further offers its proprietary label products, such as the Ulta Beauty Collection for cosmetics, skincare, and bath items, alongside other Ulta Beauty branded merchandise and gift options. As of March 10, 2022, Ulta Beauty operated 1,308 retail stores across all 50 U.S. states. Its products are also available for purchase via its website, ulta.com, and through its mobile applications. Incorporated in 1990, the enterprise was initially known as Ulta Salon, Cosmetics & Fragrance, Inc., before officially changing its name to Ulta Beauty, Inc. in January 2017. Its corporate base is located in Bolingbrook, Illinois.

Investor scorecard

How the four investors rate Ulta Beauty, Inc.

3 of 4 frameworks urge caution

Warren Buffett
67%Avoid
Benjamin Graham
29%Avoid
Peter Lynch
67%Hold
Phil Town (Rule #1)
36%Avoid

Investor model analysis

Details locked

At $540.98, 3 of 4 frameworks say Avoid

Business Quality51/100

Intrinsic Value (DCF)

Warren Buffett's valuation model · select an investor above to switch

Intrinsic Value

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Buy Below

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Strong Buy

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Margin of Safety

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Insider & congress activity

Are insiders buying ULTA?

Over recent SEC Form 4 filings, ULTA insiders bought $500K and sold $1.8M of stock across 9 open-market trades. Insiders sell for many reasons, but they buy for one.

Bought $500KSold $1.8M
Recent open-market insider trades for ULTA
InsiderActionSharesValueDate
Nagler LornadirectorSell600$322KSep 11, 2026
MRKONIC GEORGE R JRdirectorSell383$182KJun 15, 2026
MRKONIC GEORGE R JRdirectorSell452$244KApr 7, 2026
Smith Mike C.directorSell500$264KSep 4, 2025
Caro Jodi JGC, Chief Risk & Compl. Ofc.Sell902$333KApr 1, 2025

Members of Congress have also reported 44 trades in ULTA. See the full insider & congress timeline.

Source: SEC Form 4 filings. Open-market buys & sells only. Not investment advice.

See the interactive insider chart & every trade

Scenario analysis

Bear, base & bull

Three growth assumptions, three fair values — and where today's price lands

What's working

Key strengths

Identified by Buffett framework analysis

Return on Equity

ROE Quality (Low Leverage)

Debt Levels

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Company financials

5-Year Financials

Income statement highlights — annual, USD

Metric20252024202420232023
Revenue$12.4B
$11.3B
$11.3B
$11.2B
$11.2B
Rev. Growth+9.7%+0.0%+0.8%+0.0%—
Net Income$1.2B$1.2B$1.2B$1.3B$1.3B
Net Margin9.3%10.6%10.6%11.5%11.5%
EPS (Diluted)$25.72$25.44$25.44$26.18$26.18
Free Cash FlowLocked — upgrade to viewLocked — upgrade to viewLocked — upgrade to viewLocked — upgrade to viewLocked — upgrade to view

Full analysis included

See the complete picture for ULTA

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Educational Use Only · Not Financial Advice

Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.