Ulta Magnificence Analysts Slash Their Forecasts After This autumn Outcomes – Ulta Magnificence (NASDAQ:ULTA)

Ulta Magnificence, Inc. ULTA reported stronger-than-expected fourth-quarter monetary outcomes on Thursday.

Ulta Magnificence reported fourth-quarter income of $3.49 billion, beating the consensus estimate of $3.46 billion. The specialty magnificence retailer reported fourth-quarter earnings of $8.46 per share, beating analyst estimates of $7.14 per share, in keeping with Benzinga Professional.

“I’m extremely optimistic about the way forward for Ulta Magnificence, as I consider we now have the precise components to drive our success — a powerful enterprise mannequin, an bold long-term plan, and passionate associates who carry our model to life for our company each day,” stated Kecia Steelman, president and CEO of Ulta Magnificence.

Ulta Magnificence expects fiscal 12 months 2025 income of $11.5 billion to $11.6 billion versus estimates of $11.67 billion, in keeping with Benzinga Professional. The corporate anticipates full-year earnings of $22.50 to $22.90 per share versus estimates of $23.50 per share.

Ulta Magnificence shares fell 4.5% to shut at $314.47 on Thursday.

These analysts made adjustments to their worth targets on Ulta Magnificence following earnings announcement.

• Morgan Stanley analyst Simeon Gutman maintained Ulta Magnificence with an Obese score and lowered the worth goal from $500 to $460.
• Telsey Advisory Group analyst Dana Telsey maintained the inventory with an Outperform score and lower the worth goal from $500 to $460.

Contemplating shopping for ULTA inventory? Right here’s what analysts assume:

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