Ulta Beauty (ULTA) Releases FY 2019 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $12.65-12.85 for the period, compared to the Thomson Reuters consensus estimate of $12.74.

Shares of ULTA stock traded down $2.93 during mid-day trading on Thursday, reaching $312.51. The stock had a trading volume of 903,284 shares, compared to its average volume of 743,855. Ulta Beauty has a 52-week low of $199.15 and a 52-week high of $322.49. The stock has a market capitalization of $18.47 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 1.33 and a beta of 1.01.

A number of equities research analysts have recently weighed in on ULTA shares. BidaskClub lowered shares of Ulta Beauty from a buy rating to a hold rating in a research note on Saturday, December 8th. Wells Fargo & Co cut their target price on shares of Ulta Beauty from $328.00 to $280.00 and set an outperform rating on the stock in a research note on Wednesday, January 2nd. Loop Capital lifted their target price on shares of Ulta Beauty from $265.00 to $300.00 and gave the company a hold rating in a research note on Monday, March 4th. Nomura set a $305.00 target price on shares of Ulta Beauty and gave the company a buy rating in a research note on Monday, November 26th. Finally, Morgan Stanley set a $330.00 target price on shares of Ulta Beauty and gave the company a buy rating in a research note on Sunday, December 9th. Seven analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $293.09.

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Ulta Beauty Company Profile

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

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