Ulta Beauty (ULTA) Releases Q4 2018 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.50-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.62. The company issued revenue guidance of $2.085-2.103 billion, compared to the consensus revenue estimate of $2.12 billion.Ulta Beauty also updated its Q4 guidance to $3.50-3.55 EPS.

Shares of NASDAQ ULTA opened at $254.47 on Friday. Ulta Beauty has a 1 year low of $191.70 and a 1 year high of $322.49. The stock has a market cap of $17.51 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.02. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.96%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company earned $1.69 earnings per share. Ulta Beauty’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, research analysts forecast that Ulta Beauty will post 10.84 EPS for the current fiscal year.

Several equities analysts recently issued reports on ULTA shares. Jefferies Financial Group set a $335.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research report on Friday, November 9th. OTR Global upgraded shares of Ulta Beauty to a positive rating in a research report on Thursday, November 29th. UBS Group boosted their price target on shares of Ulta Beauty from $285.00 to $315.00 and gave the company a buy rating in a research report on Friday, September 7th. Wells Fargo & Co set a $336.00 price target on shares of Ulta Beauty and gave the company a buy rating in a research report on Friday, November 9th. Finally, Deutsche Bank set a $300.00 price target on shares of Ulta Beauty and gave the company a hold rating in a research report on Friday, November 9th. Eight research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $286.96.

In other news, Director Catherine Ann Halligan sold 129 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total value of $36,313.50. Following the transaction, the director now owns 3,628 shares in the company, valued at $1,021,282. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis K. Eck sold 31,278 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total transaction of $8,941,754.64. Following the completion of the transaction, the director now owns 334,778 shares in the company, valued at approximately $95,706,334.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,407 shares of company stock worth $19,028,318. Insiders own 5.60% of the company’s stock.

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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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