Ulta Beauty (ULTA) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Ulta Beauty (NASDAQ:ULTA) announced its quarterly earnings data on Thursday. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $0.05, Briefing.com reports. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.75%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. Ulta Beauty updated its FY 2019 guidance to $12.65-12.85 EPS and its FY19 guidance to 12.65-12.85 EPS.

Shares of ULTA traded up $25.04 during midday trading on Friday, hitting $337.55. The stock had a trading volume of 1,624,388 shares, compared to its average volume of 743,855. Ulta Beauty has a fifty-two week low of $199.15 and a fifty-two week high of $322.49. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 1.33 and a beta of 1.01.

Several institutional investors and hedge funds have recently made changes to their positions in ULTA. Legacy Financial Advisors Inc. boosted its holdings in shares of Ulta Beauty by 1,270.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after buying an additional 127 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Ulta Beauty by 74.2% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after buying an additional 69 shares during the period. Ipswich Investment Management Co. Inc. acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $53,000. Claybrook Capital LLC acquired a new position in shares of Ulta Beauty in the fourth quarter worth about $62,000. Finally, Executive Wealth Management LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth approximately $64,000. Institutional investors own 89.72% of the company’s stock.



Several equities analysts have recently issued reports on ULTA shares. BidaskClub raised shares of Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Zacks Investment Research reaffirmed a “buy” rating and issued a $316.00 price objective on shares of Ulta Beauty in a research note on Saturday, November 17th. Nomura set a $305.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, November 26th. OTR Global raised shares of Ulta Beauty to a “positive” rating in a research note on Thursday, November 29th. Finally, BMO Capital Markets set a $280.00 price objective on shares of Ulta Beauty and gave the stock a “hold” rating in a research note on Friday, December 7th. Seven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $305.17.

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Ulta Beauty Company Profile

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 for Ulta Beauty (NASDAQ:ULTA)

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