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

Ulta Beauty (NASDAQ:ULTA – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. 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 commented on ULTA. StockNews.com upgraded Ulta Beauty from a hold rating to a buy rating in a research report on Wednesday. Oppenheimer upped their price target on Ulta Beauty from $470.00 to $485.00 and gave the company an outperform rating in a research report on Friday, May 27th. Citigroup upped their price target on Ulta Beauty from $393.00 to $425.00 and gave the company a neutral rating in a research report on Tuesday, May 31st. DA Davidson upped their target price on Ulta Beauty from $465.00 to $490.00 and gave the company a buy rating in a research report on Thursday, June 9th. Finally, Piper Sandler upped their target price on Ulta Beauty from $465.00 to $485.00 and gave the company an overweight rating in a research report on Friday, May 27th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Ulta Beauty has an average rating of Buy and a consensus target price of $458.38.

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Shares of ULTA opened at $405.61 on Thursday. The stock has a 50 day moving average of $398.97 and a 200 day moving average of $387.64. Ulta Beauty has a 12 month low of $319.05 and a 12 month high of $438.63. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.91 and a beta of 1.54.

Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $6.30 earnings per share for the quarter, beating the consensus estimate of $4.46 by $1.84. Ulta Beauty had a return on equity of 60.83% and a net margin of 12.03%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the company earned $4.10 earnings per share. Ulta Beauty’s revenue was up 21.0% compared to the same quarter last year. Sell-side analysts anticipate that Ulta Beauty will post 20.07 EPS for the current year.

In other Ulta Beauty news, CFO Scott M. Settersten sold 32,532 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $426.63, for a total transaction of $13,879,127.16. Following the completion of the sale, the chief financial officer now directly owns 14,037 shares in the company, valued at $5,988,605.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George R. Mrkonic, Jr. sold 476 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $391.84, for a total transaction of $186,515.84. Following the sale, the director now owns 2,393 shares of the company’s stock, valued at $937,673.12. The disclosure for this sale can be found here. In the last three months, insiders sold 46,207 shares of company stock valued at $19,411,502. Corporate insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULTA. Parkside Financial Bank & Trust lifted its holdings in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after buying an additional 26 during the period. Salem Investment Counselors Inc. its raised holdings in Ulta Beauty by 12.9% in the fourth 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. Kinneret Advisory LLC raised its holdings in Ulta Beauty by 2.2% in the first quarter. Kinneret Advisory LLC now owns 1,526 shares of the specialty retailer’s stock worth $608,000 after purchasing an additional 33 shares in the last quarter. NEXT Financial Group Inc raised its holdings in Ulta Beauty by 8.6% in the fourth quarter. NEXT Financial Group Inc now owns 1,259 shares of the specialty retailer’s stock worth $519,000 after purchasing an additional 100 shares in the last quarter. Finally, Toroso Investments LLC raised its holdings in Ulta Beauty by 12.7% in the first quarter. Toroso Investments LLC now owns 1,017 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 115 shares in the last quarter. 89.20% of the stock is owned by institutional investors and hedge funds.

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.

See Also

Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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