Ulta Beauty (ULTA) Updates Q4 2018 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) updated its fourth quarter 2018 earnings guidance on Thursday. 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.

Several equities research analysts recently commented on the company. Zacks Investment Research reiterated a buy rating and issued a $316.00 price objective on shares of Ulta Beauty in a report on Saturday, November 17th. BidaskClub upgraded Ulta Beauty from a buy rating to a strong-buy rating in a report on Thursday, November 15th. Piper Jaffray Companies boosted their price target on Ulta Beauty to $325.00 and gave the company an overweight rating in a research note on Monday, November 12th. Jefferies Financial Group set a $335.00 price target on Ulta Beauty and gave the company a buy rating in a research note on Friday, November 9th. Finally, Deutsche Bank set a $300.00 price target on Ulta Beauty and gave the company a hold rating in a research note on Friday, November 9th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $284.48.

Shares of ULTA stock traded up $1.79 during trading hours on Thursday, reaching $292.92. 1,741,900 shares of the company traded hands, compared to its average volume of 1,077,344. Ulta Beauty has a 12-month low of $191.70 and a 12-month high of $322.49. The stock has a market cap of $17.40 billion, a P/E ratio of 35.90, a PEG ratio of 1.46 and a beta of 0.63.



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 transaction of $36,313.50. Following the transaction, the director now directly owns 3,628 shares of the company’s stock, valued at approximately $1,021,282. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the transaction, the director now directly owns 361,294 shares in the company, valued at $103,745,572.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,407 shares of company stock worth $19,028,318. 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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