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PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
QQQ   281.68 (-2.07%)
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MSFT   245.12 (-2.03%)
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BABA   91.45 (+1.03%)
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Q4 2023 Earnings Estimate for Ulta Beauty, Inc. (NASDAQ:ULTA) Issued By Telsey Advisory Group

Ulta Beauty, Inc. (NASDAQ:ULTA - Get Rating) - Investment analysts at Telsey Advisory Group cut their Q4 2023 earnings per share estimates for Ulta Beauty in a research note issued on Wednesday, November 23rd. Telsey Advisory Group analyst D. Telsey now anticipates that the specialty retailer will post earnings per share of $5.21 for the quarter, down from their previous estimate of $5.35. Telsey Advisory Group has a "Outperform" rating and a $510.00 price target on the stock. The consensus estimate for Ulta Beauty's current full-year earnings is $21.22 per share. Telsey Advisory Group also issued estimates for Ulta Beauty's Q3 2024 earnings at $4.44 EPS and Q4 2024 earnings at $5.55 EPS.

Ulta Beauty (NASDAQ:ULTA - Get Rating) last announced its quarterly earnings results on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, beating the consensus estimate of $4.96 by $0.74. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.20 billion. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. Ulta Beauty's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the business earned $4.56 earnings per share.


Several other brokerages have also recently weighed in on ULTA. Stifel Nicolaus lifted their price target on Ulta Beauty from $435.00 to $450.00 and gave the company a "hold" rating in a research report on Friday, August 26th. Oppenheimer boosted their price objective on Ulta Beauty from $485.00 to $505.00 and gave the company an "outperform" rating in a research report on Friday, August 26th. Cowen boosted their price objective on Ulta Beauty from $480.00 to $503.00 and gave the company an "outperform" rating in a research report on Friday, August 26th. Cowen boosted their price objective on Ulta Beauty from $480.00 to $503.00 and gave the company an "outperform" rating in a research report on Friday, August 26th. Finally, Credit Suisse Group boosted their price objective on Ulta Beauty from $455.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, August 26th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $485.71.

Ulta Beauty Trading Up 0.2 %

Shares of ULTA stock opened at $448.35 on Monday. The stock has a 50 day moving average of $411.11 and a 200 day moving average of $403.19. The stock has a market cap of $22.97 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.52 and a beta of 1.32. Ulta Beauty has a twelve month low of $330.80 and a twelve month high of $451.48.

Insiders Place Their Bets

In other Ulta Beauty news, insider Anita Jane Ryan sold 594 shares of the business's stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total transaction of $261,674.82. Following the transaction, the insider now owns 2,482 shares of the company's stock, valued at $1,093,395.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Catherine Ann Halligan sold 276 shares of the company's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $445.86, for a total value of $123,057.36. Following the transaction, the director now owns 2,168 shares of the company's stock, valued at approximately $966,624.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anita Jane Ryan sold 594 shares of the company's stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total value of $261,674.82. Following the completion of the transaction, the insider now directly owns 2,482 shares in the company, valued at approximately $1,093,395.46. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ulta Beauty

Large investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at $136,000. Spire Wealth Management raised its holdings in shares of Ulta Beauty by 108.3% in the 2nd quarter. Spire Wealth Management now owns 1,639 shares of the specialty retailer's stock valued at $632,000 after buying an additional 852 shares during the period. Forsta AP Fonden raised its holdings in shares of Ulta Beauty by 31.5% in the 1st quarter. Forsta AP Fonden now owns 21,300 shares of the specialty retailer's stock valued at $8,482,000 after buying an additional 5,100 shares during the period. Ellevest Inc. purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $103,000. Finally, Corient Capital Partners LLC raised its holdings in shares of Ulta Beauty by 31.2% in the 2nd quarter. Corient Capital Partners LLC now owns 1,026 shares of the specialty retailer's stock valued at $396,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 89.20% of the company's stock.

About Ulta Beauty

(Get Rating)

Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

Read More

Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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