Ulta Beauty (NASDAQ:ULTA) Announces Quarterly Earnings Results, Beats Estimates By $0.97 EPS

Ulta Beauty (NASDAQ:ULTA - Get Free Report) released its quarterly earnings results on Thursday. The specialty retailer reported $6.70 earnings per share for the quarter, topping analysts' consensus estimates of $5.73 by $0.97, RTT News reports. The firm had revenue of $2.85 billion during the quarter, compared to analysts' expectations of $2.79 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. Ulta Beauty's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.47 EPS. Ulta Beauty updated its FY 2025 guidance to 22.650-23.200 EPS.

Ulta Beauty Trading Up 11.4%

ULTA traded up $47.92 during trading on Friday, reaching $469.71. 4,593,456 shares of the company were exchanged, compared to its average volume of 1,061,242. The stock has a market cap of $21.21 billion, a P/E ratio of 18.80, a PEG ratio of 0.89 and a beta of 1.06. The firm has a 50 day moving average of $384.70 and a 200 day moving average of $387.99. Ulta Beauty has a 52 week low of $309.01 and a 52 week high of $491.98.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised Ulta Beauty from a "neutral" rating to a "buy" rating and upped their target price for the company from $384.00 to $423.00 in a research report on Tuesday, April 1st. BMO Capital Markets cut their target price on Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Bank of America cut their target price on Ulta Beauty from $475.00 to $380.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. B. Riley cut their target price on Ulta Beauty from $430.00 to $330.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Finally, Robert W. Baird upped their target price on Ulta Beauty from $440.00 to $525.00 and gave the company an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $454.04.

Insider Buying and Selling

In other news, insider Jodi J. Caro sold 902 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total value of $332,982.32. Following the completion of the transaction, the insider now owns 7,632 shares of the company's stock, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ulta Beauty stock. Intech Investment Management LLC lifted its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,795 shares of the specialty retailer's stock after purchasing an additional 1,574 shares during the quarter. Intech Investment Management LLC's holdings in Ulta Beauty were worth $1,758,000 as of its most recent filing with the SEC. Institutional investors own 90.39% 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.