Ulta Beauty (NASDAQ:ULTA) Releases FY 2024 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 22.600-23.500 for the period, compared to the consensus earnings per share estimate of 25.280. The company issued revenue guidance of $11.0 billion-$11.2 billion, compared to the consensus revenue estimate of $11.5 billion. Ulta Beauty also updated its FY25 guidance to $22.60-23.50 EPS.

Analyst Ratings Changes

Several research firms have issued reports on ULTA. Barclays dropped their price objective on Ulta Beauty from $394.00 to $355.00 and set an equal weight rating on the stock in a report on Friday, June 28th. Jefferies Financial Group decreased 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. BMO Capital Markets reduced their price target on shares of Ulta Beauty from $540.00 to $500.00 and set a market perform rating on the stock in a research report on Friday, May 31st. Piper Sandler downgraded Ulta Beauty from an overweight rating to a neutral rating and reduced their target price for the stock from $494.00 to $404.00 in a report on Wednesday, July 24th. Finally, Evercore ISI lowered their price target on Ulta Beauty from $500.00 to $430.00 and set an outperform rating for the company in a report on Monday. One research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $480.22.

Ulta Beauty Price Performance

Shares of NASDAQ ULTA traded up $0.76 during mid-day trading on Thursday, reaching $367.58. 2,246,203 shares of the company traded hands, compared to its average volume of 893,120. Ulta Beauty has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a market cap of $17.54 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37. The stock has a fifty day simple moving average of $373.05 and a 200-day simple moving average of $427.73.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 EPS for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the business earned $6.02 EPS. Ulta Beauty’s revenue was up .9% compared to the same quarter last year. As a group, analysts predict that Ulta Beauty will post 25.48 EPS for the current fiscal year.

Insider Activity at Ulta Beauty

In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $388.68, for a total value of $252,642.00. Following the transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Ulta Beauty news, Director Catherine Ann Halligan sold 100 shares of Ulta Beauty stock in a transaction that occurred on 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 in the company, valued at approximately $786,791.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jodi J. Caro sold 650 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total transaction of $252,642.00. Following the transaction, the insider now owns 6,801 shares in the company, valued at $2,643,412.68. The disclosure for this sale can be found here. Company 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.