Ulta Beauty (NASDAQ:ULTA) released its quarterly earnings results on Thursday. The specialty retailer reported $3.61 EPS for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05, Briefing.com reports. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. Ulta Beauty’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 earnings per share. Ulta Beauty updated its FY 2019 guidance to $12.65-12.85 EPS and its FY19 guidance to 12.65-12.85 EPS.
Shares of NASDAQ ULTA opened at $335.97 on Friday. Ulta Beauty has a 12 month low of $199.15 and a 12 month high of $322.49. The company has a market cap of $18.47 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.
A number of equities research analysts have recently commented on ULTA shares. Zacks Investment Research reaffirmed a “buy” rating and set a $316.00 price target on shares of Ulta Beauty in a research report on Saturday, November 17th. BidaskClub lowered Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. OTR Global raised Ulta Beauty to a “positive” rating in a research report on Thursday, November 29th. BMO Capital Markets raised their price target on Ulta Beauty to $325.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Loop Capital dropped their price target on Ulta Beauty to $265.00 and set an “average” rating on the stock in a research report on Friday, December 14th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Ulta Beauty presently has an average rating of “Buy” and an average target price of $305.17.
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Ulta Beauty Company Profile
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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