Ulta Beauty (NASDAQ:ULTA – Get Rating) issued its quarterly earnings results on Thursday. The specialty retailer reported $6.30 EPS for the quarter, topping the consensus estimate of $4.46 by $1.84, RTT News reports. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the previous year, the business earned $4.10 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Ulta Beauty updated its FY 2022 guidance to $19.20-$20.10 EPS and its FY23 guidance to $19.20-20.10 EPS.
ULTA stock opened at $425.08 on Friday. The firm has a market capitalization of $22.20 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.84 and a beta of 1.54. The business’s 50-day moving average is $394.52 and its two-hundred day moving average is $386.93. Ulta Beauty has a 1 year low of $319.05 and a 1 year high of $438.63.
In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $384.54, for a total value of $2,053,443.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.10% of the stock is owned by company insiders.
Several analysts have issued reports on ULTA shares. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $460.00 to $480.00 in a report on Friday. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a report on Wednesday, April 20th. StockNews.com upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson dropped their target price on Ulta Beauty from $500.00 to $450.00 in a report on Friday, March 11th. Finally, Barclays increased their price target on Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $454.95.
About Ulta Beauty (Get Rating)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
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