Ulta Beauty (NASDAQ:ULTA) Posts Earnings Results, Beats Expectations By $0.12 EPS

Ulta Beauty (NASDAQ:ULTA) issued its quarterly earnings data on Thursday. The specialty retailer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12, Briefing.com reports. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business posted $2.18 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Ulta Beauty updated its FY20 guidance to $11.93-12.03 EPS.

ULTA stock traded up $24.40 during midday trading on Friday, hitting $263.83. The company’s stock had a trading volume of 2,545,363 shares, compared to its average volume of 1,079,680. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. Ulta Beauty has a twelve month low of $222.00 and a twelve month high of $368.83. The company’s fifty day moving average price is $238.51 and its 200 day moving average price is $292.83. The stock has a market capitalization of $13.76 billion, a P/E ratio of 24.32, a PEG ratio of 1.18 and a beta of 1.11.

A number of brokerages recently commented on ULTA. Telsey Advisory Group restated an “outperform” rating and set a $330.00 price objective (down from $375.00) on shares of Ulta Beauty in a report on Friday, August 30th. ValuEngine upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group began coverage on shares of Ulta Beauty in a report on Thursday, October 3rd. They set a “neutral” rating and a $276.00 price objective on the stock. Guggenheim dropped their price objective on shares of Ulta Beauty from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered shares of Ulta Beauty to a “buy” rating and dropped their price objective for the stock from $395.00 to $317.00 in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Ulta Beauty has an average rating of “Hold” and an average price target of $284.74.

In other Ulta Beauty news, CEO Mary N. Dillon purchased 1,300 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the purchase, the chief executive officer now owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles Heilbronn purchased 115,258 shares of the stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $236.41 per share, for a total transaction of $27,248,143.78. Following the completion of the purchase, the director now directly owns 60,368 shares in the company, valued at approximately $14,271,598.88. The disclosure for this purchase can be found here. Insiders acquired a total of 186,567 shares of company stock worth $44,964,903 over the last quarter. Company insiders own 4.20% of the company’s stock.

About Ulta Beauty

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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Earnings History for Ulta Beauty (NASDAQ:ULTA)

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