Ulta Beauty Inc (ULTA) Updates Q2 Earnings Guidance
Ulta Beauty Inc (NASDAQ:ULTA) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.72-1.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.77. The company issued revenue guidance of $1.257-1.278 billion, compared to the consensus revenue estimate of $1.27 billion.
Several brokerages recently weighed in on ULTA. Zacks Investment Research downgraded shares of Ulta Beauty from a buy rating to a hold rating in a research report on Thursday. Robert W. Baird reissued an outperform rating and set a $325.00 price target (up previously from $315.00) on shares of Ulta Beauty in a research report on Thursday. Edward Jones downgraded shares of Ulta Beauty from a buy rating to a hold rating in a research report on Wednesday. Oppenheimer Holdings Inc. reissued an outperform rating and set a $330.00 price target (up previously from $315.00) on shares of Ulta Beauty in a research report on Wednesday, May 17th. Finally, Royal Bank of Canada reissued a hold rating on shares of Ulta Beauty in a research report on Tuesday, May 2nd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Ulta Beauty presently has an average rating of Buy and an average price target of $303.47.
Ulta Beauty Inc (NASDAQ:ULTA) traded up 4.47% during mid-day trading on Thursday, hitting $293.04. 2,107,222 shares of the stock were exchanged. The stock’s 50 day moving average is $287.89 and its 200 day moving average is $271.70. The stock has a market cap of $18.21 billion, a PE ratio of 44.94 and a beta of 0.65. Ulta Beauty Inc has a 52-week low of $211.55 and a 52-week high of $301.40. Ulta Beauty also was the recipient of unusually large options trading activity on Monday. Traders acquired 811 put options on the stock. This is an increase of 407% compared to the average volume of 160 put options.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 9th. The specialty retailer reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.11. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.54 billion. Ulta Beauty had a net margin of 8.31% and a return on equity of 26.87%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.69 earnings per share. Analysts forecast that Ulta Beauty Inc will post $8.09 EPS for the current fiscal year.
In other news, Director Catherine Ann Halligan sold 157 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $286.00, for a total value of $44,902.00. Following the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $1,108,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lorna Nagler sold 4,167 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $287.62, for a total transaction of $1,198,512.54. Following the completion of the transaction, the director now directly owns 9,095 shares in the company, valued at $2,615,903.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,534 shares of company stock worth $42,979,662. Insiders own 6.90% of the company’s stock.
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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