Ulta Beauty (ULTA) Updates Q4 Earnings Guidance

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Ulta Beauty (NASDAQ:ULTA) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.50-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.62. The company issued revenue guidance of $2.085-2.103 billion, compared to the consensus revenue estimate of $2.12 billion.Ulta Beauty also updated its Q4 2018 guidance to $3.50-3.55 EPS.

NASDAQ ULTA opened at $254.47 on Friday. Ulta Beauty has a 1 year low of $191.70 and a 1 year high of $322.49. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.47 and a beta of 0.63.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.96%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. As a group, equities analysts anticipate that Ulta Beauty will post 10.84 earnings per share for the current fiscal year.

Several equities analysts recently commented on ULTA shares. Nomura set a $305.00 target price on shares of Ulta Beauty and gave the company a buy rating in a report on Friday. BidaskClub lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Saturday. ValuEngine lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Friday. Wells Fargo & Co reduced their target price on shares of Ulta Beauty from $336.00 to $328.00 and set an outperform rating on the stock in a report on Friday. Finally, UBS Group set a $335.00 target price on shares of Ulta Beauty and gave the company a buy rating in a report on Friday. Eight analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $286.96.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 129 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the completion of the sale, the director now owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the completion of the sale, the director now directly owns 334,778 shares of the company’s stock, valued at $95,706,334.64. The disclosure for this sale can be found here. Insiders have sold a total of 66,407 shares of company stock valued at $19,028,318 in the last three months. 5.60% of the stock is currently owned by corporate insiders.

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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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