Ulta Beauty (NASDAQ:ULTA - Get Free Report) issued its quarterly earnings data on Thursday. The specialty retailer reported $6.47 EPS for the quarter, topping analysts' consensus estimates of $6.19 by $0.28, RTT News reports. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.72 billion. Ulta Beauty had a return on equity of 61.64% and a net margin of 11.52%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $6.88 EPS. Ulta Beauty updated its FY25 guidance to $25.20-26.00 EPS.
Ulta Beauty Price Performance
ULTA opened at $385.58 on Friday. The company has a market capitalization of $18.48 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.60 and a beta of 1.36. The firm's fifty day moving average price is $426.82 and its two-hundred day moving average price is $470.07. Ulta Beauty has a fifty-two week low of $368.02 and a fifty-two week high of $574.76.
Ulta Beauty declared that its Board of Directors has approved a stock repurchase program on Thursday, March 14th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms have commented on ULTA. Barclays cut shares of Ulta Beauty from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $612.00 to $434.00 in a research note on Monday, April 29th. Canaccord Genuity Group lowered their price objective on shares of Ulta Beauty from $575.00 to $522.00 and set a "buy" rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their target price on shares of Ulta Beauty from $565.00 to $475.00 and set a "hold" rating for the company in a report on Tuesday, May 14th. BMO Capital Markets upped their price objective on shares of Ulta Beauty from $485.00 to $540.00 and gave the company a "market perform" rating in a research note on Friday, March 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Ulta Beauty from $574.00 to $627.00 in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $512.65.
Read Our Latest Stock Report on ULTA
Insider Activity
In other news, COO Kecia Steelman sold 20,950 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the completion of the transaction, the chief operating officer now directly owns 10,494 shares of the company's stock, valued at approximately $5,523,936.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Ulta Beauty news, COO Kecia Steelman sold 20,950 shares of the business's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $526.39, for a total value of $11,027,870.50. Following the transaction, the chief operating officer now owns 10,494 shares of the company's stock, valued at $5,523,936.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the company's stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now owns 1,665 shares in the company, valued at approximately $876,222.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,552 shares of company stock worth $12,920,326. 0.39% of the stock is currently owned by corporate insiders.
Ulta Beauty Company Profile
(Get Free Report)
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.
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