Ulta Beauty (ULTA) Updates Q4 2018 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.50-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.62. The company issued revenue guidance of $2.085-2.103 billion, compared to the consensus revenue estimate of $2.12 billion.Ulta Beauty also updated its Q4 guidance to $3.50-3.55 EPS.

Shares of NASDAQ ULTA traded down $21.35 during mid-day trading on Friday, reaching $271.57. 947,296 shares of the company’s stock were exchanged, compared to its average volume of 1,037,248. The stock has a market cap of $17.40 billion, a PE ratio of 33.28, a P/E/G ratio of 1.46 and a beta of 0.63. Ulta Beauty has a 52-week low of $191.70 and a 52-week high of $322.49.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.02. Ulta Beauty had a return on equity of 33.29% and a net margin of 9.91%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the business posted $1.69 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. Analysts expect that Ulta Beauty will post 10.84 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. UBS Group raised their target price on Ulta Beauty from $315.00 to $335.00 and gave the company a buy rating in a report on Friday. BMO Capital Markets set a $280.00 target price on Ulta Beauty and gave the company a hold rating in a report on Friday. OTR Global upgraded Ulta Beauty to a positive rating in a report on Thursday, November 29th. BidaskClub cut Ulta Beauty from a strong-buy rating to a buy rating in a report on Wednesday, November 28th. Finally, Nomura set a $305.00 target price on Ulta Beauty and gave the company a buy rating in a report on Monday, November 26th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $287.28.

In other news, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $281.50, for a total value of $36,313.50. Following the completion of the transaction, the director now owns 3,628 shares in the company, valued at approximately $1,021,282. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total value of $8,941,754.64. Following the completion of the transaction, the director now owns 334,778 shares of the company’s stock, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. Insiders sold a total of 66,407 shares of company stock valued at $19,028,318 in the last quarter. Company insiders own 5.60% of the company’s stock.

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About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.

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Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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