Ulta Beauty (ULTA) Posts Earnings Results
Ulta Beauty (NASDAQ:ULTA) released its quarterly earnings results on Thursday. The specialty retailer reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.05, Briefing.com reports. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the company posted $2.75 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Ulta Beauty updated its FY 2019 guidance to $12.65-12.85 EPS and its FY19 guidance to 12.65-12.85 EPS.
ULTA stock opened at $335.97 on Friday. Ulta Beauty has a fifty-two week low of $199.15 and a fifty-two week high of $322.49. The company has a market cap of $18.47 billion, a P/E ratio of 41.17, a PEG ratio of 1.33 and a beta of 1.01.
A number of equities research analysts have commented on ULTA shares. Loop Capital reduced their price target on Ulta Beauty to $265.00 and set an “average” rating on the stock in a research report on Friday, December 14th. They noted that the move was a valuation call. Morgan Stanley set a $330.00 price target on Ulta Beauty and gave the company a “buy” rating in a research report on Sunday, December 9th. BidaskClub lowered Ulta Beauty from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 28th. Nomura set a $305.00 price target on Ulta Beauty and gave the company a “buy” rating in a research report on Monday, November 26th. Finally, Zacks Investment Research restated a “buy” rating and set a $316.00 target price on shares of Ulta Beauty in a research report on Saturday, November 17th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Ulta Beauty currently has a consensus rating of “Buy” and a consensus price target of $305.17.
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About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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