Ulta Beauty (ULTA) is expected to report "solid" Q4 results while

introducing conservative targets for fiscal 2026, Oppenheimer said in a Wednesday note. The results are due March 12.

"We expect ULTA to deliver Q4 results above the high-end of management's $7.57-7.87 implied guidance range," the note said. "Recent data points suggest a still attractive beauty backdrop in the US, including upbeat commentary from L'Oreal."

The report said Ulta is expected to guide for $27.65 to $28.65 in EPS for 2026, against the $28.64 Street estimate, predicated on a 3% to 4% comp increase and flat operating margins.

"We view current levels as an attractive entry point and would also take advantage of any weakness on the print," the note said, adding that ULTA remains a top pick for Oppenheimer.

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