Ulta Beauty (NASDAQ: ULTA – Get Rating) updated its earnings guide for fiscal year 2022 on Thursday. The company provided an EPS guide of $ 19.20- $ 20.10 for the period, compared to the estimate of EPS consensus of $ 18.66. The company issued revenue guidance of $ 9.35 billion – $ 9.55 billion, compared with a consensus revenue estimate of $ 9.18 billion.
Several research firms have published reports on ULTA. In a research report on Friday, May 27, Jefferies Financial Group upgraded Ulta Beauty’s stock from a hold rating to a buy rating and raised their price target for the stock from $ 400.00 to $ 475.00 in a research report. Deutsche Bank Aktiengesellschaft reduced Ulta Beauty’s target share price from $ 522.00 to $ 466.00 in a research report on Wednesday, May 25. Piper Sandler raised Ulta Beauty’s target stock price from $ 465.00 to $ 485.00 and gave the company an overweight rating in a research report on Friday, May 27. DA Davidson raised the target price on Ulta Beauty’s stock from $ 465.00 to $ 490.00 and gave the company a buy rating in a research report on Thursday, June 9. Finally, StockNews.com updated Ulta Beauty’s stock from a hold rating to a buy rating in a research report on Wednesday, June 15. Seven equity research analysts rated the stock with a hold rating and sixteen rated the stock buy. According to data from MarketBeat, the company has an average Moderate Buy rating and an average target price of $ 458.38.
NASDAQ ULTA opened Thursday at $ 396.22. The company’s fifty-day moving average price is $ 398.05 and its two hundred-day moving average price is $ 388.07. Ulta Beauty has a 1-year low of $ 319.05 and a 1-year high of $ 438.63. The company has a market capitalization of $ 20.53 billion, a P / E ratio of 19.61, a price / earnings-growth ratio of 1.88, and a beta of 1.54.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last released its quarterly earnings results on Thursday, May 26. The specialty retailer posted earnings per share (EPS) of $ 6.30 for the quarter, surpassing the consensus estimate of $ 4.46 by $ 1.84. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The company reported revenue of $ 2.35 billion for the quarter, compared with analysts’ estimates of $ 2.12 billion. In the same period last year, the company posted earnings per share of $ 4.10. The company’s quarterly revenue increased 21.0% from the same quarter last year. As a group, sell-side analysts expect Ulta Beauty to post EPS 20.07 for the current fiscal year.
In other news, CFO Scott M. Settersten sold 32,532 shares in a transaction dated Thursday, June 9. The shares were sold at an average price of $ 426.63, for a total value of $ 13,879,127.16. Following the transaction, the CFO now directly owns 14,037 shares in the company, valued at $ 5,988,605.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available through the SEC’s website. Additionally, COO Kecia Steelman sold 13,199 shares in a transaction dated Friday, June 3. The shares sold at an average price of $ 405.02, for a total transaction of $ 5,345,858.98. Following the completion of the transaction, the chief operating officer now directly owns 16,627 shares in the company, valued at $ 6,734,267.54. The information for this sale can be found here. Insiders have sold 46,207 shares of the company worth $ 19,411,502 in the past ninety days. The insiders own 2.00% of the company’s shares.
Several institutional investors and hedge funds have recently changed their holdings in the company. Parkside Financial Bank & Trust increased its position in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialist retailer worth $ 28,000 after acquiring an additional 26 shares during the period. Covestor Ltd increased its stake in Ulta Beauty by 115.9% in Q1. Covestor Ltd now owns 393 shares of the specialty retailer worth $ 157,000 after buying a further 211 shares in the last quarter. Delphia USA Inc. acquired a new equity interest in Ulta Beauty in the first quarter valued at approximately $ 257,000. Toroso Investments LLC increased its stake in Ulta Beauty by 12.7% in Q1. Toroso Investments LLC now owns 1,017 shares of the specialty retailer worth $ 405,000 after buying another 115 shares in the last quarter. Finally, Prudential PLC acquired a new equity interest in Ulta Beauty in the first quarter valued at approximately $ 425,000. 89.20% of the stock is currently held by institutional investors.
Ulta Beauty company profile (Get evaluation)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, make-up and eyebrows; and nail services.
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