Ulta Beauty (NASDAQ:ULTA) announced its earnings results on Thursday. The specialty retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.12, Briefing.com reports. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Ulta Beauty updated its FY20 guidance to $11.93-12.03 EPS.
Shares of ULTA stock opened at $262.20 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. The stock has a market cap of $15.43 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The stock has a 50-day moving average of $238.84 and a 200-day moving average of $292.43. Ulta Beauty has a one year low of $222.00 and a one year high of $368.83.
In other news, CEO Mary N. Dillon purchased 1,300 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of $237.17 per share, with a total value of $308,321.00. Following the acquisition, the chief executive officer now directly owns 79,256 shares of the company’s stock, valued at $18,797,145.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles Heilbronn acquired 115,258 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $236.41 per share, with a total value of $27,248,143.78. Following the transaction, the director now owns 60,368 shares in the company, valued at $14,271,598.88. The disclosure for this purchase can be found here. Insiders purchased a total of 186,567 shares of company stock worth $44,964,903 over the last quarter. 4.20% of the stock is currently owned by corporate insiders.
ULTA has been the topic of several research analyst reports. Loop Capital set a $270.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Tuesday, September 17th. Credit Suisse Group dropped their price objective on shares of Ulta Beauty from $380.00 to $286.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Goldman Sachs Group started coverage on Ulta Beauty in a report on Thursday, October 3rd. They set a “neutral” rating and a $276.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $330.00 price objective (down previously from $375.00) on shares of Ulta Beauty in a report on Friday, August 30th. Finally, Deutsche Bank initiated coverage on Ulta Beauty in a research report on Tuesday. They issued a “buy” rating and a $285.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $286.57.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.