Ulta Beauty (ULTA) Updates FY19 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of 12.65-12.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.89. Ulta Beauty also updated its FY 2019 guidance to $12.65-12.85 EPS.

A number of brokerages recently weighed in on ULTA. ValuEngine lowered shares of Ulta Beauty from a buy rating to a hold rating in a report on Friday, December 7th. Piper Jaffray Companies lifted their price objective on shares of Ulta Beauty to $318.00 and gave the company a positive rating in a report on Thursday, March 7th. Zacks Investment Research reiterated a buy rating and set a $316.00 price objective on shares of Ulta Beauty in a report on Saturday, November 17th. BidaskClub lowered shares of Ulta Beauty from a strong-buy rating to a buy rating in a report on Wednesday, November 28th. Finally, Loop Capital reduced their price target on shares of Ulta Beauty to $265.00 and set an average rating for the company in a report on Friday, December 14th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Ulta Beauty has an average rating of Buy and a consensus price target of $293.09.

Shares of NASDAQ:ULTA traded down $2.93 during trading hours on Thursday, hitting $312.51. The company’s stock had a trading volume of 903,284 shares, compared to its average volume of 743,855. Ulta Beauty has a 52 week low of $199.15 and a 52 week high of $322.49. The firm has a market cap of $18.47 billion, a P/E ratio of 38.30, a P/E/G ratio of 1.33 and a beta of 1.01.

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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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