Ulta Beauty (ULTA) Updates FY19 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) issued an update on its FY19 earnings guidance on Thursday morning. 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 $10.89. Ulta Beauty also updated its FY 2019 guidance to $12.65-12.85 EPS.

ULTA traded down $2.93 during 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 one year low of $199.15 and a one year high of $322.49. The company has a market capitalization of $18.47 billion, a PE ratio of 38.30, a PEG ratio of 1.33 and a beta of 1.01.

ULTA has been the topic of several recent research reports. BidaskClub downgraded shares of Ulta Beauty from a buy rating to a hold rating in a research report on Saturday, December 8th. Wells Fargo & Co decreased their price target on shares of Ulta Beauty from $328.00 to $280.00 and set an outperform rating on the stock in a research report on Wednesday, January 2nd. Loop Capital increased their price target on shares of Ulta Beauty from $265.00 to $300.00 and gave the stock a hold rating in a research report on Monday, March 4th. Nomura set a $305.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Monday, November 26th. Finally, Morgan Stanley set a $330.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research report on Sunday, December 9th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Ulta Beauty currently has an average rating of Buy and an average target price of $293.09.

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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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