Ulta Beauty (NASDAQ: ULTA – Get Rating) updated its 2022 earnings guidance on Saturday. The company provided earnings per share (EPS) guidance of $22.60 to $22.90, compared to a consensus estimate of $21.40. The company issued his $10 billion earnings guidance from $9.95 billion, compared to a consensus earnings estimate of $9.77 billion.
Analyst Rating Change
A number of research firms have recently published reports on ULTA. Citigroup raised its price target on Ulta Beauty shares to $500.00 from $480.00 in its report on Friday, Dec. 2. Robert W. Baird raised his price target for Ulta Beauty from $500.00 to his $550.00 in a research note on Friday, Dec. 2. Credit Suisse Group raised its price target for Ulta Beauty to $535.00 in its research notes on Friday, Dec. 2. StockNews.com upgraded its shares in Ulta Beauty from Hold to Buy in its research notes on Tuesday, Dec. 20. Finally, Oppenheimer raised his price target for Ulta Beauty from his $505.00 to $535.00, giving the stock an Outperform rating in his Friday, Dec. 2 research notes. Six investment analysts gave the stock a hold rating, 14 gave it a buy rating, and one issued a strong buy rating. Based on MarketBeat.com data, the company’s current average rating is a moderate buy, with a consensus target price of $513.45.
Ulta Beauty Price Performance
ULTA opened Friday at $469.07. The stock has a market cap of $23.87 billion, a PE ratio of 20.62, a P/E/G ratio of 1.48, and a beta of 1.32. The company has a 50-day moving average price of $443.01 and a 200-day moving average price of $415.28. Ulta Beauty has a 12-month low of $330.80 and a 12-month high of $483.80.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last reported quarterly results on Thursday, December 1. The specialty retailer posted earnings per share (EPS) of $5.34 for the quarter, beating consensus expectations of $4.09 by $1.25. The company posted revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.21 billion. Ulta Beauty had a net profit margin of 12.26% and a return on equity of 68.33%. The company’s quarterly revenue increased 17.2% year-over-year. His earnings per share for the company in the same period last year were $3.94. On average, equity research analysts expect Ulta Beauty to post earnings per share of 22.87 this year.
Ulta Beauty Institutional Trading
Recently, a number of institutional investors and hedge funds have changed their ULTA holdings. Invesco Ltd. raised his 33.6% stake in Ulta Beauty in the first quarter. Invesco Ltd. now owns 473,586 shares of the specialty retailer worth $188,593,000 after purchasing an additional 119,048 shares during this period. Alliancebernstein LP increased his Ulta Beauty holding by 28.1% in the third quarter. Alliancebernstein LP owns 192,559 shares of specialty retailer valued at $77,253,000 after purchasing an additional 42,256 shares during the period. Vanguard Group Inc. increased his Ulta Beauty holding by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer worth $2,344,096,000 after purchasing an additional 40,190 shares during the period. Alyeska Investment Group LP acquired a new stake in Ulta Beauty for his $10,155,000 in the first quarter. Finally, Kiwi Wealth Investments Limited Partnership acquired a new stake in his Ulta Beauty worth $5,223,000 in the first quarter. 90.47% of the shares are owned by institutional investors and hedge funds.
About Ulta Beauty
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The Company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools. professional hair products; salon services, including hair, skin, makeup and brow services; and nail service.
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