What's Going On With Ulta Beauty Shares Friday?

Ulta Beauty, Inc. (NASDAQ:ULTA) stock is trading higher on Friday after the company reported better-than-expected fourth-quarter earnings on Thursday.

The Details: Ulta reported earnings per share of $8.46, beating analysts’ estimate of $7.14. In addition, the company reported sales of $3.49 billion, beating analysts’ estimate of $3.46 billion but falling 1.9% year-over-year.

The company attributed the decline to an extra week of sales in fiscal-year 2023, partially offset by new store openings and higher same-store sales. Comparable sales rose 1.5%, driven by a 3.0% increase in average ticket size, despite a 1.4% drop in transactions.

For fiscal-year 2025, Ulta expects net sales between $11.5 billion and $11.6 billion, versus analysts’ estimate of $11.67 billion. The company projects earnings per share between $22.50 and $22.90, versus analysts’ estimate of $23.50.

Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.

See Also: Rubrik To Rally More Than 48%? Here Are 10 Top Analyst Forecasts For Friday

ULTA Price Action: At the time of writing, Ulta stock is trading 7.36% higher at $337.34, according to data from Benzinga Pro.

Image: via Shutterstock

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