Ulta Beauty (ULTA) Set to Announce Quarterly Earnings on Thursday

Ulta Beauty (NASDAQ:ULTA) will be releasing its earnings data after the market closes on Thursday, August 29th. Analysts expect Ulta Beauty to post earnings of $5.50 per share for the quarter. Ulta Beauty has set its FY25 guidance at $25.20-26.00 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $6.88 EPS. On average, analysts expect Ulta Beauty to post $26 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Ulta Beauty Price Performance

Ulta Beauty stock opened at $380.92 on Thursday. The business has a fifty day moving average price of $374.56 and a 200-day moving average price of $432.58. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The stock has a market capitalization of $18.18 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.75 and a beta of 1.37.

Insider Buying and Selling

In other news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the sale, the director now directly owns 2,017 shares in the company, valued at approximately $786,791.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the transaction, the insider now directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ULTA. Stifel Nicolaus lowered their price target on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating for the company in a research report on Tuesday, May 14th. TD Cowen lowered their price target on Ulta Beauty from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Citigroup lowered their price target on Ulta Beauty from $485.00 to $400.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Oppenheimer reiterated an “outperform” rating and issued a $450.00 target price on shares of Ulta Beauty in a report on Thursday, August 15th. Finally, The Goldman Sachs Group decreased their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating for the company in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ulta Beauty currently has an average rating of “Moderate Buy” and an average target price of $494.83.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.