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.
TRADEMARK VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/12/07/ulta-beauty-ulta-updates-q4-2018-earnings-guidance.html.
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.
Further Reading: The Discount Rate – What You Need to Know
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.