Ulta Beauty (NASDAQ:ULTA) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $11.86-12.06 for the period, compared to the Thomson Reuters consensus estimate of $12.97. The company issued revenue guidance of $7.321-7.523 billion, compared to the consensus revenue estimate of $7.54 billion.
Several research analysts have issued reports on the stock. Deutsche Bank raised their price target on shares of Ulta Beauty from $300.00 to $315.00 and gave the stock a hold rating in a report on Monday, June 3rd. Oppenheimer set a $390.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Wednesday, August 21st. ValuEngine lowered shares of Ulta Beauty from a buy rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Ulta Beauty from a hold rating to a buy rating and set a $384.00 price objective for the company in a research note on Monday, May 20th. Finally, Piper Jaffray Companies set a $360.00 price objective on shares of Ulta Beauty and gave the company a buy rating in a research note on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $354.50.
Shares of NASDAQ:ULTA traded up $7.07 during mid-day trading on Thursday, hitting $337.45. The company had a trading volume of 3,014,205 shares, compared to its average volume of 760,571. The firm has a fifty day moving average price of $342.14 and a 200 day moving average price of $338.06. The company has a market capitalization of $19.30 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.93 and a quick ratio of 0.74. Ulta Beauty has a one year low of $224.43 and a one year high of $368.83.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.02. Ulta Beauty had a net margin of 9.92% and a return on equity of 36.48%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $2.70 EPS. Ulta Beauty’s revenue was up 12.9% compared to the same quarter last year. Research analysts expect that Ulta Beauty will post 12.77 earnings per share for the current fiscal year.
In related news, Director Catherine Ann Halligan sold 400 shares of Ulta Beauty stock in a transaction on Friday, June 7th. The shares were sold at an average price of $343.02, for a total value of $137,208.00. Following the completion of the sale, the director now owns 2,811 shares of the company’s stock, valued at approximately $964,229.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sally E. Blount sold 315 shares of Ulta Beauty stock in a transaction on Friday, June 21st. The shares were sold at an average price of $359.28, for a total transaction of $113,173.20. Following the completion of the sale, the director now directly owns 989 shares of the company’s stock, valued at approximately $355,327.92. The disclosure for this sale can be found here. In the last three months, insiders sold 2,715 shares of company stock valued at $958,441. 4.20% of the stock is currently owned by insiders.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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