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Ulta Beauty (NASDAQ:ULTA - Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, August 25th. Analysts expect the company to announce earnings of $4.78 per share for the quarter. Ulta Beauty has set its FY 2022 guidance at $19.20-$20.10 EPS and its FY23 guidance at $19.20-20.10 EPS.Investors that are interested in participating in the company's conference call can do so using this link.
Ulta Beauty (NASDAQ:ULTA - Get Rating) last released its earnings results on Thursday, May 26th. The specialty retailer reported $6.30 EPS for the quarter, beating the consensus estimate of $4.44 by $1.86. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.12 billion. Ulta Beauty had a net margin of 12.03% and a return on equity of 60.83%. The business's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.10 EPS. On average, analysts expect Ulta Beauty to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year. Ulta Beauty Price Performance
NASDAQ ULTA opened at $404.35 on Thursday. The company's fifty day moving average is $393.00 and its two-hundred day moving average is $389.27. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 1.89 and a beta of 1.45. Ulta Beauty has a 52-week low of $330.80 and a 52-week high of $438.63. Analysts Set New Price Targets
A number of brokerages recently commented on ULTA. 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 note on Friday, May 27th. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ulta Beauty from $522.00 to $466.00 in a research note on Wednesday, May 25th. Barclays raised their price target on shares of Ulta Beauty from $469.00 to $491.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 31st. Finally, StockNews.com cut Ulta Beauty from a "buy" rating to a "hold" rating in a report on Wednesday, August 10th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $460.05.Insider Activity at Ulta Beauty
In other Ulta Beauty news, CFO Scott M. Settersten sold 32,532 shares of Ulta Beauty stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $426.63, for a total transaction of $13,879,127.16. Following the transaction, 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 filing with the SEC, which is accessible through this hyperlink. In related news, CFO Scott M. Settersten sold 32,532 shares of the company's stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 14,037 shares of the company's stock, valued at approximately $5,988,605.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George R. Mrkonic, Jr. sold 476 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $391.84, for a total value of $186,515.84. Following the transaction, the director now owns 2,393 shares of the company's stock, valued at approximately $937,673.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,207 shares of company stock worth $19,411,502. 2.00% of the stock is currently owned by company insiders. Institutional Trading of Ulta Beauty
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust raised 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 in the last quarter. Covestor Ltd increased its position in Ulta Beauty by 115.9% during the first quarter. Covestor Ltd now owns 393 shares of the specialty retailer's stock worth $157,000 after buying an additional 211 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Ulta Beauty in the second quarter valued at approximately $242,000. Delphia USA Inc. acquired a new stake in shares of Ulta Beauty in the first quarter valued at approximately $257,000. Finally, Toroso Investments LLC boosted its stake in shares of Ulta Beauty by 12.7% during the 1st quarter. Toroso Investments LLC now owns 1,017 shares of the specialty retailer's stock worth $405,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 89.20% of the company's stock. 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.Featured StoriesGet a free copy of the StockNews.com research report on Ulta Beauty (ULTA)Miners Advance On Earnings Despite Broader Economic ChallengesAgilent Technologies Proves Its Worth VS Illumina Lowe’s Stands Out Amid Q2 Retail Reports Target’s Results Cap Upside Potential For Retail Stocks Are These 3 Video Game Stocks Now In Play?
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