Ulta Beauty (ULTA) closed the most recent trading day at $545.67, marking a 1.73% increase from the previous trading session, outpacing the S&P 500’s 1.44% gain on the day. The tech-heavy Nasdaq also showed a 5.21% increase in the same period, while the Dow increased 1.26%. Over the past month, shares of the beauty products retailer have gained 2.93%, while the Retail-Wholesale sector gained 2.17%. The company is set to release its next earnings report, with projected earnings of $6.75 per share, representing a year-over-year growth of 7.14%. The consensus estimate also indicates revenue of $2.61 billion, showing an 11.13% increase from the previous year’s quarter. Ulta Beauty’s full-year Zacks Consensus Estimates expect earnings of $25.21 per share and revenue of $11.07 billion, reflecting a year-over-year change of +5% and +8.46%, respectively. Analyst revisions indicate optimism about the company’s business and profitability. Ulta Beauty is currently ranked at #2 (Buy) on the Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell). Ulta Beauty currently has a Forward P/E ratio of 21.27, representing a premium compared to its industry’s average Forward P/E of 12.21. The PEG ratio, which takes the expected earnings growth rate into account, shows the company’s current ratio of 1.73, while the industry’s average PEG ratio is 1.9 as of yesterday’s close. The Retail-Miscellaneous industry is part of the Retail-Wholesale sector and has a Zacks Industry Rank of 54, which places it in the top 22% of all 250+ industries. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To keep up with Ulta Beauty’s trading sessions, investors should utilize Zacks.com.
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