Ulta Beauty (NASDAQ:ULTA) Updates FY25 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $22.60-23.50 for the period, compared to the consensus earnings per share estimate of $25.25. The company issued revenue guidance of $11.0-11.2 billion, compared to the consensus revenue estimate of $11.49 billion. Ulta Beauty also updated its FY 2024 guidance to 22.600-23.500 EPS.

Analyst Upgrades and Downgrades

ULTA has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on Ulta Beauty from $530.00 to $544.00 and gave the stock an overweight rating in a report on Friday, May 31st. StockNews.com raised shares of Ulta Beauty from a sell rating to a hold rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ulta Beauty from $552.00 to $448.00 and set a buy rating for the company in a report on Wednesday. Wells Fargo & Company dropped their price objective on shares of Ulta Beauty from $350.00 to $325.00 and set an underweight rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays reduced their price objective on shares of Ulta Beauty from $394.00 to $355.00 and set an equal weight rating for the company in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $480.22.

Ulta Beauty Price Performance

NASDAQ:ULTA traded up $0.76 during trading hours on Thursday, hitting $367.58. 2,246,203 shares of the company were exchanged, compared to its average volume of 893,120. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.75 and a beta of 1.37. The company’s 50 day moving average price is $373.05 and its 200-day moving average price is $427.73.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a net margin of 11.13% and a return on equity of 58.06%. Ulta Beauty’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $6.02 earnings per share. On average, equities analysts predict that Ulta Beauty will post 25.48 earnings per share for the current year.

Insider Activity

In related news, Director Catherine Ann Halligan sold 100 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Catherine Ann Halligan sold 100 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $390.08, for a total transaction of $39,008.00. Following the completion of the transaction, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jodi J. Caro sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the completion of the sale, the insider now owns 6,801 shares in the company, valued at approximately $2,643,412.68. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

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.