Ulta Beauty (NASDAQ:ULTA) Releases Earnings Results, Misses Expectations By $0.17 EPS

Ulta Beauty (NASDAQ:ULTA) posted its earnings results on Thursday. The specialty retailer reported $5.30 EPS for the quarter, missing the consensus estimate of $5.47 by ($0.17), RTT News reports. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business earned $6.02 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Ulta Beauty updated its FY25 guidance to $22.60-23.50 EPS and its FY 2024 guidance to 22.600-23.500 EPS.

Ulta Beauty Trading Up 0.2 %

ULTA stock traded up $0.76 during mid-day trading on Thursday, reaching $367.58. The company’s stock had a trading volume of 2,058,205 shares, compared to its average volume of 892,126. The company’s 50 day moving average is $373.05 and its two-hundred day moving average is $427.73. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The stock has a market cap of $17.54 billion, a PE ratio of 14.62, a P/E/G ratio of 1.75 and a beta of 1.37.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Ulta Beauty from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Jefferies Financial Group cut their price objective on shares of Ulta Beauty from $438.00 to $412.00 and set a “hold” rating for the company in a report on Friday, May 24th. JPMorgan Chase & Co. increased their target price on shares of Ulta Beauty from $530.00 to $544.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Stifel Nicolaus dropped their target price on Ulta Beauty from $565.00 to $475.00 and set a “hold” rating on the stock in a research report on Tuesday, May 14th. Finally, Barclays reduced their price target on Ulta Beauty from $394.00 to $355.00 and set an “equal weight” rating for the company in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $480.22.

Insider Transactions at Ulta Beauty

In related news, insider Jodi J. Caro sold 650 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jodi J. Caro sold 650 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total transaction of $252,642.00. Following the completion of the sale, the insider now directly owns 6,801 shares of the company’s stock, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.