Ulta Beauty (NASDAQ:ULTA) Updates FY25 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $22.60-23.50 for the period, compared to the consensus EPS estimate of $25.25. The company issued revenue guidance of $11.0-11.2 billion, compared to the consensus revenue estimate of $11.49 billion. Ulta Beauty also updated its FY 2024 guidance to 22.600-23.500 EPS.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Piper Sandler reaffirmed a neutral rating and set a $356.00 target price (down previously from $404.00) on shares of Ulta Beauty in a research note on Friday. The Goldman Sachs Group cut their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a neutral rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on shares of Ulta Beauty from $530.00 to $544.00 and gave the company an overweight rating in a research report on Friday, May 31st. Jefferies Financial Group decreased their price objective on Ulta Beauty from $438.00 to $412.00 and set a hold rating for the company in a report on Friday, May 24th. Finally, DA Davidson reduced their price target on Ulta Beauty from $507.00 to $435.00 and set a buy rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $436.83.

Ulta Beauty Price Performance

ULTA opened at $352.84 on Friday. The firm’s fifty day moving average price is $372.21 and its two-hundred day moving average price is $425.38. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.86 and a beta of 1.37. Ulta Beauty has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.91% and a net margin of 10.68%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the company posted $6.02 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Ulta Beauty will post 23.03 EPS for the current year.

Insider Activity at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now directly owns 2,017 shares of the company’s stock, valued at approximately $786,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Ulta Beauty news, insider Jodi J. Caro sold 650 shares of the firm’s stock in a transaction 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 directly owns 6,801 shares of the company’s stock, valued at $2,643,412.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total value 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 disclosure for this sale can be found here. 0.39% of the stock is currently owned by company insiders.

About Ulta Beauty

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.