Ulta Beauty (ULTA) to Release Earnings on Thursday

Ulta Beauty (NASDAQ:ULTA) is expected to release its earnings data after the market closes on Thursday, March 13th. Analysts expect Ulta Beauty to post earnings of $7.09 per share and revenue of $3.47 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.45 by $0.69. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.07 EPS. On average, analysts expect Ulta Beauty to post $24 EPS for the current fiscal year and $24 EPS for the next fiscal year.

Ulta Beauty Trading Up 2.4 %

Shares of NASDAQ ULTA opened at $351.63 on Thursday. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.89 and a beta of 1.28. Ulta Beauty has a 1-year low of $318.17 and a 1-year high of $574.76. The stock’s 50-day moving average is $397.92 and its 200 day moving average is $388.32.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ULTA. Loop Capital raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “buy” rating in a report on Monday, December 9th. BMO Capital Markets raised their price objective on Ulta Beauty from $385.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, December 6th. TD Cowen raised their price objective on Ulta Beauty from $450.00 to $480.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. William Blair cut Ulta Beauty from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Finally, UBS Group raised their price objective on Ulta Beauty from $470.00 to $490.00 and gave the company a “buy” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $459.22.

About Ulta Beauty

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.