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

Ulta Beauty (NASDAQ: ULTA – Get Rating) updated its FY 2022 earnings guidance on Thursday. 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.

Several research firms have issued reports on ULTA. Jefferies Financial Group upgraded shares of Ulta Beauty from a hold rating to a buy rating and raised their target price for the stock from $ 400.00 to $ 475.00 in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ulta Beauty from $ 522.00 to $ 466.00 in a research report on Wednesday, May 25th. Piper Sandler lifted their target price on shares of Ulta Beauty from $ 465.00 to $ 485.00 and gave the company an overweight rating in a research report on Friday, May 27th. DA Davidson lifted their target price on shares of Ulta Beauty from $ 465.00 to $ 490.00 and gave the company a buy rating in a research report on Thursday, June 9th. Finally, StockNews.com upgraded shares of Ulta Beauty from a hold rating to a buy rating in a research report on Wednesday, June 15th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $ 458.38.

NASDAQ ULTA opened at $ 396.22 on Thursday. The firm’s fifty day moving average price is $ 398.05 and its two-hundred day moving average price is $ 388.07. Ulta Beauty has a 1 year low of $ 319.05 and a 1 year high of $ 438.63. The firm has a market capitalization of $ 20.53 billion, a P / E ratio of 19.61, a price-to-earnings-growth ratio of 1.88 and a beta of 1.54.

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

In other news, CFO Scott M. Settersten sold 32,532 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $ 426.63, for a total value of $ 13,879,127.16. Following the transaction, the chief financial officer now directly owns 14,037 shares of the company’s stock, valued at $ 5,988,605.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kecia Steelman sold 13,199 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $ 405.02, for a total transaction of $ 5,345,858.98. Following the completion of the transaction, the chief operating officer now directly owns 16,627 shares in the company, valued at $ 6,734,267.54. The disclosure for this sale can be found here. Insiders have sold 46,207 shares of company stock worth $ 19,411,502 over the last ninety days. Insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Ulta Beauty by 59.1% during the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $ 28,000 after acquiring an additional 26 shares during the period. Covestor Ltd boosted its stake in shares of Ulta Beauty by 115.9% in the 1st quarter. Covestor Ltd now owns 393 shares of the specialty retailer’s stock valued at $ 157,000 after purchasing an additional 211 shares in the last quarter. Delphia USA Inc. acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $ 257,000. Toroso Investments LLC boosted its stake in shares of Ulta Beauty by 12.7% in the 1st quarter. Toroso Investments LLC now owns 1,017 shares of the specialty retailer’s stock valued at $ 405,000 after purchasing an additional 115 shares in the last quarter. Finally, Prudential PLC acquired a new stake in shares of Ulta Beauty in the 1st quarter valued at approximately $ 425,000. 89.20% of the stock is currently owned by institutional investors.

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.

Further Reading

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

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