Ulta Beauty (NASDAQ:ULTA) Issues FY 2022 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $19.20-$20.10 for the period, compared to the consensus EPS estimate of $18.66. The company issued revenue guidance of $9.35 billion-$9.55 billion, compared to the consensus revenue estimate of $9.18 billion.

A number of research firms have recently issued reports on ULTA. Barclays increased their target price on Ulta Beauty from $440.00 to $469.00 and gave the company an overweight rating in a report on Monday, March 14th. StockNews.com started coverage on Ulta Beauty in a report on Thursday, March 31st. They set a hold rating for the company. BMO Capital Markets increased their price objective on Ulta Beauty from $365.00 to $385.00 and gave the stock a market perform rating in a report on Friday, March 11th. Zacks Investment Research upgraded Ulta Beauty from a hold rating to a buy rating and set a $450.00 price objective for the company in a report on Wednesday, April 20th. Finally, Credit Suisse Group reiterated a buy rating and set a $455.00 price objective on shares of Ulta Beauty in a report on Friday, March 11th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $446.32.

Shares of NASDAQ ULTA traded up $25.01 during mid-day trading on Thursday, hitting $377.96. The company had a trading volume of 1,884,142 shares, compared to its average volume of 732,671. The business’s 50-day simple moving average is $394.11 and its 200-day simple moving average is $386.79. Ulta Beauty has a 12 month low of $319.05 and a 12 month high of $438.63. The firm has a market cap of $19.74 billion, a P/E ratio of 21.16, a PEG ratio of 1.84 and a beta of 1.54.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its earnings results on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.61 by $0.80. Ulta Beauty had a net margin of 11.42% and a return on equity of 54.42%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the company earned $3.41 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. Analysts anticipate that Ulta Beauty will post 18.58 EPS for the current fiscal year.

In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its stake in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 26 shares during the last quarter. KB Financial Partners LLC acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $55,000. Salem Investment Counselors Inc. increased its holdings in shares of Ulta Beauty by 12.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 263 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 30 shares in the last quarter. Covestor Ltd increased its holdings in shares of Ulta Beauty by 115.9% in the first quarter. Covestor Ltd now owns 393 shares of the specialty retailer’s stock valued at $157,000 after purchasing an additional 211 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at approximately $239,000. Institutional investors own 89.20% of the company’s stock.

About Ulta Beauty (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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