Ulta Beauty (ULTA) Set to Announce Earnings on Thursday

Ulta Beauty (NASDAQ:ULTA) is scheduled to be releasing its earnings data after the market closes on Thursday, December 5th. Analysts expect Ulta Beauty to post earnings of $4.45 per share 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, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the firm posted $6.02 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, analysts expect Ulta Beauty to post $23 EPS for the current fiscal year and $23 EPS for the next fiscal year.

Ulta Beauty Price Performance

ULTA opened at $375.25 on Thursday. The stock has a market capitalization of $17.68 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33. The company’s 50 day simple moving average is $374.99 and its 200-day simple moving average is $376.68. Ulta Beauty has a one year low of $318.17 and a one year high of $574.76.

Wall Street Analyst Weigh In

ULTA has been the topic of a number of recent research reports. Raymond James decreased their price objective on Ulta Beauty from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company decreased their price target on Ulta Beauty from $325.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Stifel Nicolaus boosted their price objective on Ulta Beauty from $385.00 to $395.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. DA Davidson reduced their target price on shares of Ulta Beauty from $507.00 to $435.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Canaccord Genuity Group dropped their price target on shares of Ulta Beauty from $522.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and a consensus price target of $420.71.

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.