Ulta Beauty (NASDAQ:ULTA) Announces Earnings Results

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

Ulta Beauty Stock Performance

ULTA traded down $6.94 on Thursday, reaching $392.87. The company had a trading volume of 1,719,304 shares, compared to its average volume of 969,584. Ulta Beauty has a 52-week low of $318.17 and a 52-week high of $574.76. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 2.27 and a beta of 1.32. The business has a 50 day simple moving average of $373.94 and a 200 day simple moving average of $376.27.

Analyst Ratings Changes

Several research firms have commented on ULTA. Telsey Advisory Group reiterated an “outperform” rating and issued a $450.00 price objective on shares of Ulta Beauty in a research note on Wednesday, November 27th. Barclays lifted their price target on Ulta Beauty from $328.00 to $335.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Citigroup upped their price objective on Ulta Beauty from $345.00 to $390.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Raymond James lowered their target price on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Finally, DA Davidson cut their price target on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $421.71.

About Ulta Beauty

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.