Ulta Beauty (NASDAQ:ULTA) Issues Earnings Results

Share on StockTwits

Ulta Beauty (NASDAQ:ULTA) released its earnings results on Thursday. The specialty retailer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12, Briefing.com reports. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business earned $2.18 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Ulta Beauty updated its FY20 guidance to $11.93-12.03 EPS.

Shares of ULTA stock traded up $24.38 during trading hours on Friday, reaching $263.80. 2,901,131 shares of the company’s stock were exchanged, compared to its average volume of 1,079,680. Ulta Beauty has a 1 year low of $222.00 and a 1 year high of $368.83. The stock has a market cap of $13.76 billion, a PE ratio of 24.31, a PEG ratio of 1.18 and a beta of 1.11. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92. The stock’s fifty day moving average price is $238.51 and its two-hundred day moving average price is $292.83.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $395.00 to $275.00 in a research report on Friday, August 30th. Barclays lifted their price objective on shares of Ulta Beauty from $220.00 to $238.00 and gave the company an “equal weight” rating in a research report on Friday. Jefferies Financial Group set a $310.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, August 30th. Piper Jaffray Companies reduced their price objective on shares of Ulta Beauty from $250.00 to $228.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, UBS Group reduced their price objective on shares of Ulta Beauty from $365.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $286.57.

In other Ulta Beauty news, CEO Mary N. Dillon purchased 1,300 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the completion of the purchase, the chief executive officer now owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Heilbronn purchased 115,258 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the purchase, the director now directly owns 60,368 shares of the company’s stock, valued at approximately $14,271,598.88. The disclosure for this purchase can be found here. Insiders have bought 186,567 shares of company stock worth $44,964,903 in the last 90 days. Insiders own 4.20% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

Featured Story: Why does a company issue an IPO?

Earnings History for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hartford Financial Services Group Inc  Shares Sold by Benin Management CORP
Hartford Financial Services Group Inc Shares Sold by Benin Management CORP
SYSCO Co.  Position Reduced by Benin Management CORP
SYSCO Co. Position Reduced by Benin Management CORP
Benin Management CORP Purchases 1,000 Shares of Merck & Co., Inc.
Benin Management CORP Purchases 1,000 Shares of Merck & Co., Inc.
11,677 Shares in Truist Financial Corporation  Acquired by Benin Management CORP
11,677 Shares in Truist Financial Corporation Acquired by Benin Management CORP
Benin Management CORP Decreases Stock Holdings in Paychex, Inc.
Benin Management CORP Decreases Stock Holdings in Paychex, Inc.
Benin Management CORP Decreases Stock Position in Halliburton
Benin Management CORP Decreases Stock Position in Halliburton


© 2006-2020 Ticker Report