Ulta Beauty Inc. (NASDAQ:ULTA) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 24th. Analysts expect Ulta Beauty to post earnings of $1.78 per share for the quarter. Ulta Beauty has set its Q2 guidance at $1.72-1.77 EPS.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, topping the consensus estimate of $1.79 by $0.12. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. Ulta Beauty’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. On average, analysts expect Ulta Beauty to post $8.32 EPS for the current fiscal year and $9.89 EPS for the next fiscal year.
Ulta Beauty Inc. (NASDAQ ULTA) opened at 243.43 on Thursday. The firm’s 50-day moving average price is $258.44 and its 200 day moving average price is $279.00. Ulta Beauty Inc. has a 12-month low of $225.13 and a 12-month high of $314.86. The stock has a market capitalization of $15.10 billion, a P/E ratio of 34.18 and a beta of 0.57.
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In related news, Director Catherine Ann Halligan sold 500 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the transaction, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert F. Diromualdo sold 20,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the transaction, the director now directly owns 4,717 shares in the company, valued at approximately $1,457,788.85. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
A number of research analysts have commented on the company. Stifel Nicolaus restated a “hold” rating and set a $325.00 price target (up from $305.00) on shares of Ulta Beauty in a research note on Tuesday, June 6th. Jefferies Group LLC upgraded Ulta Beauty from a “hold” rating to a “buy” rating and upped their price target for the stock from $266.00 to $350.00 in a research note on Friday, June 2nd. Zacks Investment Research cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Morgan Stanley upped their price target on Ulta Beauty from $300.00 to $313.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 31st. Finally, Guggenheim assumed coverage on Ulta Beauty in a research note on Tuesday, June 13th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $319.05.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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