Ulta Beauty (NASDAQ:ULTA) Releases FY 2024 Earnings Guidance

Ulta Beauty (NASDAQ:ULTA – Get Free Report) issued an replace on its FY 2024 earnings steering on Saturday morning. The firm offered EPS steering of 25.200-26.000 for the interval, in comparison with the consensus EPS estimate of 26.330. The firm issued income steering of $11.5 billion-$11.6 billion, in comparison with the consensus income estimate of $11.7 billion.

Wall Street Analysts Forecast Growth
Several analysis companies lately commented on ULTA. Deutsche Bank Aktiengesellschaft elevated their worth goal on Ulta Beauty from $574.00 to $627.00 in a report on Friday, March fifteenth. UBS Group lifted their worth goal on Ulta Beauty from $575.00 to $690.00 and gave the inventory a purchase ranking in a report on Tuesday, March fifth. DA Davidson reissued a purchase ranking and issued a $595.00 worth goal on shares of Ulta Beauty in a report on Friday, March fifteenth. Jefferies Financial Group lower their worth goal on shares of Ulta Beauty from $438.00 to $412.00 and set a maintain ranking for the corporate in a analysis report on Friday, May twenty fourth. Finally, Wells Fargo & Company decreased their goal worth on shares of Ulta Beauty from $450.00 to $350.00 and set an underweight ranking on the inventory in a report on Wednesday, April twenty fourth. One analyst has rated the inventory with a promote ranking, 9 have assigned a maintain ranking, 13 have assigned a purchase ranking and one has given a robust purchase ranking to the inventory. Based on information from MarketBeat, the inventory presently has a mean ranking of Moderate Buy and a mean worth goal of $507.30.
View Our Latest Analysis on Ulta Beauty
Ulta Beauty Stock Up 1.4 %

Shares of ULTA opened at $383.85 on Friday. The firm has a market cap of $18.32 billion, a P/E ratio of 14.97, a PEG ratio of 1.65 and a beta of 1.36. Ulta Beauty has a fifty-two week low of $368.02 and a fifty-two week excessive of $574.76. The agency’s 50 day transferring common worth is $396.08 and its 200 day transferring common worth is $466.55.
Ulta Beauty (NASDAQ:ULTA – Get Free Report) final posted its quarterly earnings information on Thursday, May thirtieth. The specialty retailer reported $6.47 earnings per share for the quarter, topping analysts’ consensus estimates of $6.19 by $0.28. The enterprise had income of $2.73 billion for the quarter, in comparison with analyst estimates of $2.72 billion. Ulta Beauty had a return on fairness of 58.06% and a web margin of 11.13%. The firm’s income was up 3.5% on a year-over-year foundation. During the identical quarter within the prior yr, the corporate earned $6.88 earnings per share. Research analysts forecast that Ulta Beauty will put up 25.76 earnings per share for the present yr.
Ulta Beauty introduced that its board has initiated a inventory buyback program on Thursday, March 14th that allows the corporate to buyback $2.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase as much as 7.3% of its shares by means of open market purchases. Shares buyback applications are typically a sign that the corporate’s administration believes its shares are undervalued.
Ulta Beauty Company Profile
(Get Free Report)
Ulta Beauty, Inc operates as a specialty magnificence retailer within the United States. The firm presents branded and personal label magnificence merchandise, together with cosmetics, perfume, haircare, skincare, bathtub and physique merchandise, skilled hair merchandise, and salon styling instruments by means of its Ulta Beauty shops, shop-in-shops, Ulta.com web site, and its cellular purposes.
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