Ulta Beauty (ULTA) to Release Quarterly Earnings on Thursday
Ulta Beauty (NASDAQ:ULTA) will announce its earnings results after the market closes on Thursday, March 15th. Analysts expect the company to announce earnings of $2.78 per share for the quarter.
Shares of Ulta Beauty (NASDAQ:ULTA) opened at $208.40 on Wednesday. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market capitalization of $12,820.00, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62.
A number of analysts have issued reports on ULTA shares. Buckingham Research raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Wells Fargo & Co raised Ulta Beauty from a “market perform” rating to an “outperform” rating and set a $275.00 target price for the company in a research report on Wednesday, January 3rd. Morgan Stanley raised Ulta Beauty from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $235.00 to $245.00 in a research report on Wednesday, January 17th. They noted that the move was a valuation call. BidaskClub downgraded Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Finally, Vetr raised Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $260.15.
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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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