Ulta Beauty Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Ulta Beauty, Inc. ULTA will release its fourth-quarter financial results after the closing bell on Thursday, March 13.

Analysts expect the Bolingbrook, Illinois-based company to report quarterly earnings at $7.15 per share, down from $8.08 per share in the year-ago period. Ulta Beauty projects quarterly revenue of $3.47 billion, compared to $3.55 billion a year earlier, according to data from Benzinga Pro.

On Jan. 6, Ulta announced that Dave Kimbell will retire as CEO and step down from the company's board, effective immediately.

Ulta Beauty shares fell 3.9% to close at $329.23 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Morgan Stanley analyst Simeon Gutman upgraded the stock from Equal-Weight to Overweight and raised the price target from $430 to $500 on Jan. 21, 2025. This analyst has an accuracy rate of 66%.
Barclays analyst Adrienne Yih maintained an Equal-Weight rating and boosted the price target from $410 to $445 on Jan. 9, 2025. This analyst has an accuracy rate of 62%.
Citigroup analyst Kelly Crago maintained a Neutral rating and boosted the price target from $450 to $457 on Jan. 7, 2025. This analyst has an accuracy rate of 72%.
B of A Securities analyst Lorraine Hutchinson maintained a Neutral rating and raised the price target from $460 to $475 on Jan. 7, 2025. This analyst has an accuracy rate of 65%.
Stifel analyst Mark Astrachan maintained a Hold rating and increased the price target from $455 to $475 on Jan. 7, 2025. This analyst has an accuracy rate of 75%.

Considering buying ULTA stock? Here’s what analysts think: