Ulta Beauty Inc. (ULTA) to Release Quarterly Earnings on Thursday
Ulta Beauty Inc. (NASDAQ:ULTA) will issue its quarterly earnings data after the market closes on Thursday, August 24th. Analysts expect the company to announce 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 results on Thursday, May 25th. The specialty retailer reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm 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.
Shares of Ulta Beauty Inc. (ULTA) opened at 243.43 on Thursday. The company has a 50-day moving average price of $258.44 and a 200-day moving average price of $279.00. Ulta Beauty Inc. has a 52-week low of $225.13 and a 52-week high of $314.86. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 34.18 and a beta of 0.57.
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In other news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was 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 owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the completion of the transaction, the director now directly owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
ULTA has been the topic of several analyst reports. Jefferies Group LLC set a $350.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 target price on the stock in a report on Monday, May 22nd. Oppenheimer Holdings, Inc. downgraded Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Monday, July 31st. BidaskClub downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $290.00 price target on shares of Ulta Beauty in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Hold” and an average target price 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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