Ulta Beauty (ULTA) Could Be 14% Undervalued After Strong Q2 And Softer Outlook

Ulta Beauty (ULTA) is back in focus after management flagged a slower pace of comparable sales growth for the second half of 2026, even though Q2 results topped revenue and earnings expectations.
Recent price action reflects that tension between strong reported results and softer guidance. Ulta Beauty’s share price has climbed 16.3% over the past 90 days but remains down 12.8% year to date, while the 3-year total shareholder return of 35.7% points to longer term momentum that contrasts with…

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