Ulta Beauty (NASDAQ:ULTA – Get Rating) issued an update on its FY23 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $19.20-20.10 for the period, compared to the consensus estimate of $18.60. The company issued revenue guidance of $9.35-9.55 billion, compared to the consensus revenue estimate of $9.16 billion.Ulta Beauty also updated its FY 2022 guidance to $19.20-$20.10 EPS.
NASDAQ:ULTA traded up $47.12 during midday trading on Friday, reaching $425.08. 2,760,539 shares of the company traded hands, compared to its average volume of 753,504. Ulta Beauty has a twelve month low of $319.05 and a twelve month high of $438.63. The company has a fifty day moving average price of $393.85 and a 200 day moving average price of $386.72. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.54.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $1.84. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. On average, sell-side analysts predict that Ulta Beauty will post 18.58 earnings per share for the current year.
In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total transaction of $2,053,443.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its position in Ulta Beauty by 59.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after buying an additional 26 shares during the period. KB Financial Partners LLC bought a new position in Ulta Beauty during the 4th quarter worth $55,000. Salem Investment Counselors Inc. increased its position in Ulta Beauty by 12.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 263 shares of the specialty retailer’s stock worth $108,000 after buying an additional 30 shares during the period. Covestor Ltd grew its holdings in shares of Ulta Beauty by 115.9% during the 1st quarter. Covestor Ltd now owns 393 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 211 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of Ulta Beauty during the 4th quarter worth $239,000. Institutional investors own 89.20% of the company’s stock.
Ulta Beauty Company Profile (Get Rating)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
- Get a free copy of the StockNews.com research report on Ulta Beauty (ULTA)
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
- Is RBC Bearings Rolling Into A Reversal?
- Should Dollar General or Dollar Tree Give Investors a Case of FOMO?
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.