Ulta Beauty (NASDAQ:ULTA) Issues FY 2022 Earnings Guidance

Ulta Beauty (NASDAQ:ULTAGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $19.20-$20.10 for the period, compared to the consensus EPS estimate of $18.66. The company issued revenue guidance of $9.35 billion-$9.55 billion, compared to the consensus revenue estimate of $9.18 billion.

Several research analysts have recently issued reports on the company. Oppenheimer increased their price target on Ulta Beauty from $470.00 to $485.00 and gave the stock an outperform rating in a research note on Friday, May 27th. JPMorgan Chase & Co. increased their price target on Ulta Beauty from $460.00 to $480.00 in a research note on Friday, May 27th. StockNews.com raised Ulta Beauty from a hold rating to a buy rating in a research note on Wednesday, June 15th. Robert W. Baird raised their target price on Ulta Beauty from $450.00 to $490.00 and gave the company an outperform rating in a research note on Friday, May 27th. Finally, DA Davidson raised their target price on Ulta Beauty from $465.00 to $490.00 and gave the company a buy rating in a research note on Thursday, June 9th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $458.38.

Shares of NASDAQ ULTA traded down $3.22 during midday trading on Thursday, hitting $393.00. The stock had a trading volume of 23,763 shares, compared to its average volume of 1,013,767. Ulta Beauty has a fifty-two week low of $319.05 and a fifty-two week high of $438.63. The company’s 50-day simple moving average is $398.05 and its 200 day simple moving average is $388.07. The firm has a market cap of $20.37 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 1.88 and a beta of 1.54.

Ulta Beauty (NASDAQ:ULTAGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $1.84. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the firm earned $4.10 earnings per share. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, sell-side analysts forecast that Ulta Beauty will post 20.07 earnings per share for the current fiscal year.

In other news, CFO Scott M. Settersten sold 32,532 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $426.63, for a total value of $13,879,127.16. Following the sale, the chief financial officer now directly owns 14,037 shares in the company, valued at $5,988,605.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $391.84, for a total value of $186,515.84. Following the completion of the sale, the director now owns 2,393 shares in the company, valued at $937,673.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,207 shares of company stock valued at $19,411,502. Insiders own 2.00% of the company’s stock.

Several institutional investors have recently modified their holdings of ULTA. Invesco Ltd. raised its holdings in Ulta Beauty by 33.6% during the first quarter. Invesco Ltd. now owns 473,586 shares of the specialty retailer’s stock worth $188,593,000 after acquiring an additional 119,048 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ulta Beauty by 0.7% during the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Ulta Beauty during the first quarter worth about $10,155,000. Kiwi Wealth Investments Limited Partnership bought a new stake in Ulta Beauty during the first quarter worth about $5,223,000. Finally, Eaton Vance Management raised its holdings in Ulta Beauty by 7.8% during the first quarter. Eaton Vance Management now owns 143,933 shares of the specialty retailer’s stock worth $57,317,000 after acquiring an additional 10,363 shares in the last quarter. 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.

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

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