Ulta Beauty (NASDAQ:ULTA) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.43-2.48 for the period, compared to the Thomson Reuters consensus estimate of $2.66. The company issued revenue guidance of $1.506-1.519 billion, compared to the consensus revenue estimate of $1.52 billion.
NASDAQ:ULTA opened at $208.26 on Friday. The stock has a market capitalization of $12,505.33, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.02). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $2.24 earnings per share. analysts forecast that Ulta Beauty will post 10.74 EPS for the current year.
Ulta Beauty declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 15th that permits the company to buyback $625.00 million in shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
ULTA has been the subject of a number of recent research reports. Piper Jaffray reiterated a hold rating and set a $230.00 price objective on shares of Ulta Beauty in a research report on Monday, January 22nd. Oppenheimer restated a hold rating and issued a $240.00 target price on shares of Ulta Beauty in a report on Thursday, January 18th. Morgan Stanley upgraded Ulta Beauty from an equal weight rating to an overweight rating and increased their target price for the company from $235.00 to $245.00 in a report on Wednesday, January 17th. They noted that the move was a valuation call. Wells Fargo set a $297.00 price objective on Ulta Beauty and gave the stock a buy rating in a report on Thursday, January 11th. Finally, Vetr upgraded Ulta Beauty from a buy rating to a strong-buy rating in a report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty presently has an average rating of Buy and an average target price of $251.01.
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About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores provide cosmetics, fragrance, skincare, haircare, bath and body products, and salon styling tools, as well as others, including nail products and accessories. It offers private label products consisting of Ulta Beauty Collection branded cosmetics, skincare, and bath products.
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