Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) – Investment analysts at Jefferies Financial Group upped their Q1 2024 earnings per share estimates for shares of Ulta Beauty in a research report issued to clients and investors on Thursday, March 9th. Jefferies Financial Group analyst A. Helgans now forecasts that the specialty retailer will post earnings of $6.89 per share for the quarter, up from their prior forecast of $6.69. The consensus estimate for Ulta Beauty’s current full-year earnings is $25.23 per share. Jefferies Financial Group also issued estimates for Ulta Beauty’s Q2 2024 earnings at $6.32 EPS, FY2024 earnings at $25.13 EPS, Q1 2025 earnings at $7.65 EPS, Q2 2025 earnings at $7.06 EPS and FY2025 earnings at $27.97 EPS.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last announced its earnings results on Thursday, March 9th. The specialty retailer reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.15. Ulta Beauty had a return on equity of 68.55% and a net margin of 12.17%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the business earned $5.41 EPS. The company’s revenue was up 18.2% compared to the same quarter last year.
Ulta Beauty Stock Up 0.2 %
Shares of NASDAQ ULTA opened at $521.18 on Monday. Ulta Beauty has a twelve month low of $330.80 and a twelve month high of $537.52. The stock’s 50 day moving average price is $510.17 and its 200-day moving average price is $456.89. The company has a market capitalization of $26.52 billion, a PE ratio of 21.70, a PEG ratio of 1.56 and a beta of 1.30.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ULTA. Prudential PLC bought a new position in shares of Ulta Beauty in the first quarter worth $425,000. Vanguard Group Inc. grew its position in Ulta Beauty by 0.7% in the first quarter. Vanguard Group Inc. now owns 5,886,434 shares of the specialty retailer’s stock worth $2,344,096,000 after acquiring an additional 40,190 shares in the last quarter. Baird Financial Group Inc. grew its position in Ulta Beauty by 2.8% in the first quarter. Baird Financial Group Inc. now owns 8,299 shares of the specialty retailer’s stock worth $3,305,000 after acquiring an additional 223 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Ulta Beauty by 38.6% in the first quarter. Loomis Sayles & Co. L P now owns 1,117 shares of the specialty retailer’s stock worth $444,000 after acquiring an additional 311 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Ulta Beauty by 59.1% in the first quarter. Parkside Financial Bank & Trust now owns 70 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 90.47% of the company’s stock.
Ulta Beauty Company Profile
Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.
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