Ulta Beauty (NASDAQ:ULTA) Updates FY 2025 Earnings Guidance

Key Points

• Ulta Beauty has updated its FY 2025 earnings guidance, projecting an EPS of $23.850-$24.300 and revenue between $12.0 billion-$12.1 billion, surpassing consensus estimates.
• Following the guidance update, Ulta Beauty's stock fell 2.8%, opening at $514.86 with a market capitalization of approximately $23.09 billion.
• Analyst upgrades have come in with price targets raised: Oppenheimer increased its target to $600.00, while UBS Group raised it to $680.00, reflecting positive sentiment towards the stock.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) issued an update on its FY 2025 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 23.850-24.300 for the period, compared to the consensus estimate of 23.630. The company issued revenue guidance of $12.0 billion-$12.1 billion, compared to the consensus revenue estimate of $11.7 billion.

Ulta Beauty Stock Down 2.8%

ULTA opened at $514.86 on Friday. The stock has a market capitalization of $23.09 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 2.92 and a beta of 1.06. The company has a 50-day simple moving average of $504.79 and a 200 day simple moving average of $432.06. Ulta Beauty has a twelve month low of $309.01 and a twelve month high of $539.00.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $5.78 earnings per share for the quarter, beating analysts' consensus estimates of $5.03 by $0.75. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ulta Beauty had a net margin of 10.31% and a return on equity of 48.78%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $5.30 EPS. Sell-side analysts anticipate that Ulta Beauty will post 23.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ULTA has been the subject of a number of recent analyst reports. Oppenheimer increased their price target on Ulta Beauty from $510.00 to $600.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Cowen restated a "hold" rating on shares of Ulta Beauty in a report on Friday, August 29th. Piper Sandler assumed coverage on Ulta Beauty in a research note on Thursday. They issued an "overweight" rating and a $590.00 price objective for the company. UBS Group increased their price target on Ulta Beauty from $640.00 to $680.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Finally, Telsey Advisory Group lifted their price objective on shares of Ulta Beauty from $590.00 to $610.00 and gave the stock an "outperform" rating in a report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ulta Beauty has a consensus rating of "Hold" and an average target price of $543.13.

Hedge Funds Weigh In On Ulta Beauty

Hedge funds and other institutional investors have recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in shares of Ulta Beauty in the 2nd quarter valued at $50,000. MUFG Securities EMEA plc bought a new stake in Ulta Beauty in the second quarter worth $62,000. State of Wyoming bought a new stake in Ulta Beauty in the second quarter worth $89,000. Curi Capital LLC purchased a new stake in Ulta Beauty during the second quarter valued at about $212,000. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Ulta Beauty during the second quarter valued at about $234,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

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.

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