Ulta Beauty (NASDAQ:ULTA – Get 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.
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.
- Get a free copy of the StockNews.com research report on Ulta Beauty (ULTA)
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