Ulta Beauty (NASDAQ:ULTA) Announces Quarterly Earnings Results

Ulta Beauty (NASDAQ:ULTA) announced its earnings results on Thursday. The specialty retailer reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.45 by $0.69, Zacks reports. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.07 earnings per share. Ulta Beauty updated its FY25 guidance to $23.20-23.75 EPS.

Ulta Beauty Stock Up 9.0 %

Shares of NASDAQ ULTA opened at $428.17 on Friday. The stock has a market capitalization of $20.18 billion, a PE ratio of 17.13, a P/E/G ratio of 2.30 and a beta of 1.32. The firm has a fifty day moving average of $373.67 and a 200-day moving average of $376.39. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76.

Analyst Ratings Changes

Several research firms recently issued reports on ULTA. Oppenheimer increased their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson raised their target price on Ulta Beauty from $435.00 to $510.00 and gave the company a “buy” rating in a report on Friday. TD Cowen reduced their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Barclays upped their target price on shares of Ulta Beauty from $335.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, William Blair lowered Ulta Beauty from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $438.00.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.