Ulta Beauty (NASDAQ:ULTA) Updates FY25 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $22.60-23.50 for the period, compared to the consensus earnings per share estimate of $23.15. The company issued revenue guidance of $11.0-11.2 billion, compared to the consensus revenue estimate of $11.16 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Loop Capital decreased their price objective on shares of Ulta Beauty from $520.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. TD Cowen cut their price objective on Ulta Beauty from $390.00 to $380.00 and set a “hold” rating for the company in a report on Thursday. The Goldman Sachs Group lowered their target price on Ulta Beauty from $475.00 to $412.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Bank of America cut their price target on Ulta Beauty from $425.00 to $380.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Finally, Raymond James lowered their price objective on shares of Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $423.71.

Ulta Beauty Trading Down 0.8 %

Ulta Beauty stock opened at $368.92 on Friday. Ulta Beauty has a 12-month low of $318.17 and a 12-month high of $574.76. The firm has a 50-day moving average price of $373.91 and a 200-day moving average price of $387.32. The firm has a market capitalization of $17.38 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.12 and a beta of 1.32.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing the consensus estimate of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.02 earnings per share. As a group, sell-side analysts predict that Ulta Beauty will post 23.1 earnings per share for the current fiscal year.

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.