Ulta Beauty (ULTA) Updates FY 2019 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $12.65-12.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.74.

A number of brokerages have recently weighed in on ULTA. Zacks Investment Research reissued a buy rating and set a $316.00 price target on shares of Ulta Beauty in a research report on Saturday, November 17th. BidaskClub raised shares of Ulta Beauty from a buy rating to a strong-buy rating in a research report on Thursday, November 15th. Piper Jaffray Companies boosted their price objective on shares of Ulta Beauty to $318.00 and gave the company a positive rating in a research report on Thursday, March 7th. Loop Capital boosted their price objective on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a hold rating in a research report on Monday, March 4th. Finally, UBS Group boosted their price objective on shares of Ulta Beauty from $310.00 to $350.00 and gave the company a buy rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $293.09.

ULTA stock traded down $2.93 during midday trading on Thursday, hitting $312.51. The company’s stock had a trading volume of 903,284 shares, compared to its average volume of 743,855. Ulta Beauty has a twelve month low of $199.15 and a twelve month high of $322.49. The firm has a market capitalization of $18.47 billion, a P/E ratio of 38.30, a PEG ratio of 1.33 and a beta of 1.01.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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