Beauty retailer Ulta Beauty Inc. (ULTA:NSD) is expected to report Q1 2024 earnings of $6.31 per share, according to DA Davidson analysts. This estimate was included in a report issued to investors on March 10th. The company’s full-year earnings are expected to be $25.23 per ULTA stock share, with projected earnings of $24.85 EPS for FY2024 and $26.98 EPS for FY2025.
ULTA Stock-Analyst Ratings:
Several other equity research analysts have issued reports on Ulta Beauty recently, with an average rating of “Buy” and a consensus target price of $548.05, according to data from the Stock Target Advisor.
ULTA Beauty Stock Price Analysis:
Ulta stock opened at $518.42 on March 13th, up 0.9% from the previous close. Its 12-month low is $330.80, and its 12-month high is $537.52. The company’s market cap is $26.38 billion, with a PE ratio of 21.58 and a beta of 1.30.
Quarterly Earnings Review:
Ulta Beauty’s Q1 2024 earnings estimate follows the company’s successful Q4 2023 earnings report, in which it reported earnings per share of $6.68, exceeding the consensus estimate of $5.53.
The company had a return on equity of 67.19% and a net margin of 12.17%. Its revenue for the quarter was $3.23 billion, up 18.2% from the previous year.
Hedge Funds & Institutional Investors:
Institutional investors have also taken an interest in Ulta Beauty, with Vanguard Group Inc., Utah Retirement Systems, Tobam, Quadrant Capital Group LLC, and Creative Financial Designs Inc. ADV among those buying and selling shares of ULTA stock.
Institutional investors currently own 90.47% of company’s stock.
Ulta Beauty, Inc. operates as a retailer of beauty products in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.
It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. It also distributes its products through its website ulta.com; and mobile applications.
The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc., and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.