Ulta Beauty (NASDAQ:ULTA) updated its FY 2021 earnings guidance on Wednesday. The company provided EPS guidance of $14.500-$14.700 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.280. The company issued revenue guidance of $8.10 billion-$8.30 billion, compared to the consensus revenue estimate of $7.88 billion.
Several equities analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Ulta Beauty from $386.00 to $405.00 and gave the stock an overweight rating in a report on Monday, August 23rd. Loop Capital reiterated a hold rating and issued a $400.00 price target on shares of Ulta Beauty in a report on Friday, September 17th. Oppenheimer increased their price target on shares of Ulta Beauty from $415.00 to $450.00 and gave the stock an outperform rating in a report on Thursday, August 26th. Robert W. Baird increased their price target on shares of Ulta Beauty from $390.00 to $460.00 and gave the stock an outperform rating in a report on Thursday, August 26th. Finally, UBS Group upped their price objective on Ulta Beauty from $415.00 to $455.00 and gave the stock a buy rating in a research report on Thursday, August 26th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $401.00.
NASDAQ ULTA opened at $369.84 on Wednesday. The business has a fifty day moving average price of $362.14 and a 200 day moving average price of $340.05. Ulta Beauty has a one year low of $200.50 and a one year high of $414.98. The company has a market cap of $20.10 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.51 and a beta of 1.71.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings data on Tuesday, August 24th. The specialty retailer reported $4.56 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.56 by $2.00. Ulta Beauty had a return on equity of 40.49% and a net margin of 9.50%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $0.73 EPS. The firm's revenue was up 60.2% compared to the same quarter last year. On average, research analysts predict that Ulta Beauty will post 15.04 EPS for the current fiscal year.
In related news, Director Michael R. Macdonald sold 5,700 shares of the stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $350.04, for a total value of $1,995,228.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.
About Ulta Beauty
Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.
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