Ulta Beauty (NASDAQ:ULTA) Releases Earnings Results, Beats Estimates By $0.69 EPS

Ulta Beauty (NASDAQ:ULTA) released its earnings results on Thursday. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69, Zacks reports. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $5.07 EPS. Ulta Beauty’s quarterly revenue was up 1.7% compared to the same quarter last year. Ulta Beauty updated its FY25 guidance to $23.20-23.75 EPS.

Ulta Beauty Stock Down 1.7 %

ULTA traded down $6.94 on Thursday, hitting $392.87. The company had a trading volume of 1,719,304 shares, compared to its average volume of 969,584. The company has a market cap of $18.51 billion, a PE ratio of 16.04, a PEG ratio of 2.27 and a beta of 1.32. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The business’s fifty day simple moving average is $373.94 and its 200 day simple moving average is $376.27.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen cut their price objective on shares of Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a research note on Thursday, October 17th. Canaccord Genuity Group increased their price objective on Ulta Beauty from $442.00 to $476.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Ulta Beauty from $450.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Robert W. Baird dropped their price target on shares of Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating for the company in a research report on Friday, August 23rd. Finally, DA Davidson decreased their price objective on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $421.71.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.