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

Ulta Beauty (NASDAQ:ULTAGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $20.70-$21.20 for the period, compared to the consensus EPS estimate of $20.25. The company issued revenue guidance of $9.65 billion-$9.75 billion, compared to the consensus revenue estimate of $9.53 billion.

Ulta Beauty Stock Performance

NASDAQ:ULTA traded down $10.80 during trading hours on Friday, hitting $390.87. 23,420 shares of the company’s stock traded hands, compared to its average volume of 1,018,049. The stock’s fifty day moving average price is $407.45 and its two-hundred day moving average price is $398.54. Ulta Beauty has a twelve month low of $330.80 and a twelve month high of $451.30. The firm has a market cap of $20.02 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.62 and a beta of 1.39.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 earnings per share for the quarter, topping the consensus estimate of $4.96 by $0.74. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Ulta Beauty had a return on equity of 64.33% and a net margin of 12.08%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.56 EPS. On average, equities research analysts predict that Ulta Beauty will post 21.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ULTA. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $460.00 to $480.00 in a report on Friday, May 27th. StockNews.com downgraded Ulta Beauty from a buy rating to a hold rating in a research note on Wednesday. Robert W. Baird lifted their target price on Ulta Beauty from $480.00 to $500.00 and gave the company an outperform rating in a research report on Friday, August 26th. The Goldman Sachs Group lifted their price target on Ulta Beauty from $427.00 to $491.00 and gave the stock a buy rating in a report on Friday, August 26th. Finally, Credit Suisse Group boosted their price objective on Ulta Beauty from $455.00 to $480.00 and gave the stock an outperform rating in a report on Friday, August 26th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of Moderate Buy and an average target price of $482.27.

Insiders Place Their Bets

In other Ulta Beauty news, Director Catherine Ann Halligan sold 276 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $445.86, for a total transaction of $123,057.36. Following the transaction, the director now directly owns 2,168 shares of the company’s stock, valued at approximately $966,624.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Catherine Ann Halligan sold 276 shares of Ulta Beauty stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $445.86, for a total value of $123,057.36. Following the sale, the director now owns 2,168 shares of the company’s stock, valued at $966,624.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anita Jane Ryan sold 594 shares of Ulta Beauty stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $440.53, for a total transaction of $261,674.82. Following the completion of the sale, the insider now directly owns 2,482 shares in the company, valued at approximately $1,093,395.46. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Ulta Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in shares of Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 26 shares during the period. Kinneret Advisory LLC raised its position in Ulta Beauty by 2.2% during the first quarter. Kinneret Advisory LLC now owns 1,526 shares of the specialty retailer’s stock worth $608,000 after acquiring an additional 33 shares during the last quarter. Captrust Financial Advisors raised its position in Ulta Beauty by 3.6% during the second quarter. Captrust Financial Advisors now owns 2,825 shares of the specialty retailer’s stock worth $1,089,000 after acquiring an additional 98 shares during the last quarter. Toroso Investments LLC raised its position in Ulta Beauty by 12.7% during the first 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 last quarter. Finally, Orion Portfolio Solutions LLC raised its position in Ulta Beauty by 13.9% during the first quarter. Orion Portfolio Solutions LLC now owns 1,067 shares of the specialty retailer’s stock worth $425,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 89.20% of the company’s stock.

About Ulta Beauty

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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.

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

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