Ulta Beauty (ULTA) to Release Quarterly Earnings on Thursday

Ulta Beauty (NASDAQ:ULTAGet Rating) will be posting its quarterly earnings results after the market closes on Thursday, May 26th. Analysts expect Ulta Beauty to post earnings of $4.43 per share for the quarter. Ulta Beauty has set its FY 2022 guidance at $18.200-$18.700 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Ulta Beauty (NASDAQ:ULTAGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $0.80. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the previous year, the firm posted $3.41 earnings per share. The company’s revenue was up 24.1% on a year-over-year basis. On average, analysts expect Ulta Beauty to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Shares of Ulta Beauty stock opened at $350.45 on Thursday. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. The business has a 50-day moving average of $396.79 and a 200 day moving average of $387.87. Ulta Beauty has a 12 month low of $312.35 and a 12 month high of $438.63.

Several brokerages have commented on ULTA. DA Davidson decreased their price target on shares of Ulta Beauty from $500.00 to $450.00 in a research report on Friday, March 11th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, April 20th. StockNews.com began coverage on Ulta Beauty in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. BMO Capital Markets boosted their price objective on Ulta Beauty from $365.00 to $385.00 and gave the stock a “market perform” rating in a research report on Friday, March 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $455.00 target price on shares of Ulta Beauty in a report on Friday, March 11th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $448.86.

In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $384.54, for a total transaction of $2,053,443.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULTA. Parkside Financial Bank & Trust lifted its holdings in shares of Ulta Beauty by 59.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 26 shares during the period. KB Financial Partners LLC acquired a new stake in Ulta Beauty in the fourth quarter valued at $55,000. Salem Investment Counselors Inc. boosted its position in shares of Ulta Beauty by 12.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 263 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 30 shares in the last quarter. Covestor Ltd grew its stake in shares of Ulta Beauty by 115.9% during the 1st quarter. Covestor Ltd now owns 393 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 211 shares during the period. Finally, Forum Financial Management LP purchased a new position in shares of Ulta Beauty in the 4th quarter valued at about $239,000. Institutional investors own 89.20% of the company’s stock.

Ulta Beauty Company Profile (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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Earnings History for Ulta Beauty (NASDAQ:ULTA)

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