Trade Report: Today: Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Issues Q3 Earnings Guidance

Today: Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) Issues Q3 Earnings Guidance

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $1.35-1.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.30.

A number of research firms recently commented on ULTA. Telsey Advisory Group upped their price objective on Ulta Salon, Cosmetics & Fragrance from $300.00 to $310.00 and gave the company an outperform rating in a report on Friday. Jefferies Group set a $255.00 price objective on Ulta Salon, Cosmetics & Fragrance and gave the company a hold rating in a report on Saturday. Robert W. Baird reiterated an outperform rating on shares of Ulta Salon, Cosmetics & Fragrance in a report on Tuesday, June 28th. Cowen and Company reiterated an outperform rating and issued a $286.00 price objective on shares of Ulta Salon, Cosmetics & Fragrance in a report on Thursday. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $300.00 price objective (up from $260.00) on shares of Ulta Salon, Cosmetics & Fragrance in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Ulta Salon, Cosmetics & Fragrance presently has an average rating of Buy and an average price target of $265.50.

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) opened at 262.75 on Monday. Ulta Salon, Cosmetics & Fragrance Inc. has a 1-year low of $146.77 and a 1-year high of $278.63. The firm has a market cap of $16.39 billion, a P/E ratio of 46.25 and a beta of 0.70. The firm has a 50-day moving average of $242.05 and a 200 day moving average of $234.92.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 25th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Ulta Salon, Cosmetics & Fragrance had a net margin of 8.35% and a return on equity of 26.05%. Ulta Salon, Cosmetics & Fragrance’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. On average, analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.23 EPS for the current year.

In related news, Director Catherine Ann Halligan sold 400 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $239.40, for a total transaction of $95,760.00. Following the transaction, the director now owns 3,921 shares in the company, valued at approximately $938,687.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Salon, Cosmetics & Fragrance stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $252.51, for a total transaction of $5,050,200.00. Following the transaction, the director now owns 4,309 shares in the company, valued at approximately $1,088,065.59. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd increased its stake in Ulta Salon, Cosmetics & Fragrance by 358.7% in the second quarter. Point72 Asia Hong Kong Ltd now owns 1,023 shares of the company’s stock valued at $249,000 after buying an additional 800 shares during the period. Point72 Asset Management L.P. purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $2,948,000. Arizona State Retirement System increased its stake in Ulta Salon, Cosmetics & Fragrance by 121.7% in the second quarter. Arizona State Retirement System now owns 15,300 shares of the company’s stock valued at $3,728,000 after buying an additional 8,400 shares during the period. Euclid Advisors LLC purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $266,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Ulta Salon, Cosmetics & Fragrance during the second quarter valued at about $2,022,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Ulta Salon, Cosmetics & Fragrance Company Profile

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