Why Are Investors Cheering Ulta Beauty Stock?

Benzinga2021-08-26

Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) reported second-quarter FY21 sales growth of 60.2% year-on-year, to $1.97 billion, beating the analyst consensus of $1.72 billion. Sales improved 18% from Q2 FY19.

Comparable sales increased 56.3%, versus a 26.7% decline in Q2 FY20 and 6.2% growth in Q2 FY19.

The gross margin for the quarter expanded 1380 basis points Y/Y to 40.6% and 420 basis points from Q2 FY19.

The operating margin was 16.9%, and operating income for the quarter rose 2496% Y/Y to $332.3 million.

The company held $770.1 million in cash and equivalents as of July 31, 2021.

Net cash provided by operating activities for the six months totaled $401.4 million.

EPS of $4.56 beat the analyst consensus of $2.42.

Outlook: Ulta Beauty raised FY21 sales outlook to $8.1 billion - $8.3 billion (prior $7.7 billion - $7.8 billion) versus the consensus of $7.88 billion.

The company expects FY21 EPS of $14.50 - $14.70 (prior $11.50 - $11.95) versus the consensus of $12.28.

Analyst Ratings: Deutsche Bank maintains Ulta Beauty with a Buy and raises the price target from $410 to $417.

Price Action: ULTA shares are trading higher by 5.31% at $410.60 in premarket on the last check Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Jazling
2021-08-26
Jazling
Wow
- Jazling:
  Ok
Oyh
2021-08-26
Oyh
Hi
- Oyh:
  Ok
Couch
2021-08-26
Couch
Hi
- HT2O:
  Hello
Waterbottle
2021-08-26
Waterbottle
Hi
- Couch:
  Hi
JaxW
2021-08-26
JaxW
Please like and comment ? Thanks
- SKLow:
  like and comment back pls.tq
- TJW1991:
  h
- Waterbottle:
  Hi
PapaPanda
2021-08-26
PapaPanda
Ok
- JaxW:
  please like and comment ? Thanks

Leave a comment

7

32

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2162095933?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-08-26 19:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2162095933","market":"us","top_or_hot":-1,"title":"Why Are Investors Cheering Ulta Beauty Stock?","media":"Benzinga","content":"<p><b><a href=\"https://laohu8.com/S/ULTA\">Ulta Salon Cosmetics &amp; Fragrance</a></b> (NASDAQ:ULTA)&nbsp;reported second-quarter FY21 sales growth of 60.2%&nbsp;year-on-year, to $1.97 billion, beating the analyst consensus of $1.72 billion. Sales improved 18% from Q2 FY19.</p>\n<p>Comparable sales increased 56.3%, versus a 26.7% decline in Q2 FY20 and 6.2% growth in Q2 FY19.</p>\n<p>The gross margin for the quarter expanded 1380 basis points Y/Y to 40.6% and 420 basis points from Q2 FY19.</p>\n<p>The operating margin was 16.9%, and operating income for the quarter rose 2496% Y/Y to $332.3 million.</p>\n<p>The company held $770.1 million in cash and equivalents as of July 31, 2021.</p>\n<p>Net cash provided by operating activities for the six months totaled $401.4 million.</p>\n<p>EPS of $4.56 beat the analyst consensus of $2.42.</p>\n<p><b>Outlook</b>: Ulta Beauty raised FY21 sales outlook to $8.1 billion - $8.3 billion (prior $7.7 billion - $7.8 billion) versus the consensus of $7.88 billion.</p>\n<p>The company expects FY21 EPS of $14.50 - $14.70 (prior $11.50 - $11.95) versus the consensus of $12.28.</p>\n<p><b>Analyst Ratings</b>:&nbsp;<b>Deutsche Bank</b>&nbsp;maintains Ulta Beauty with a Buy and raises the price target from $410 to $417.</p>\n<p><b>Price Action:</b>&nbsp;ULTA shares are trading higher by 5.31% at $410.60 in premarket on the last check Thursday.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are Investors Cheering Ulta Beauty Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are Investors Cheering Ulta Beauty Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n2021-08-26 19:32 北京时间&nbsp;&nbsp;&nbsp;<strong>Benzinga</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) reported second-quarter FY21 sales growth of 60.2% year-on-year, to $1.97 billion, beating the analyst consensus of $1.72 billion. Sales improved 18% ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ULTA","symbol_name":"Ulta美容","start_time":0,"source_url":null,"article_id":"2162095933","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2162095933","pubTimestamp":1629977561,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"\n","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ULTA":"Ulta美容"},"translate_title":"为什么投资者为Ulta Beauty的股票欢呼？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ULTA":0.9},"content_text":"Ulta Salon Cosmetics & Fragrance (NASDAQ:ULTA) reported second-quarter FY21 sales growth of 60.2% year-on-year, to $1.97 billion, beating the analyst consensus of $1.72 billion. Sales improved 18% from Q2 FY19.\nComparable sales increased 56.3%, versus a 26.7% decline in Q2 FY20 and 6.2% growth in Q2 FY19.\nThe gross margin for the quarter expanded 1380 basis points Y/Y to 40.6% and 420 basis points from Q2 FY19.\nThe operating margin was 16.9%, and operating income for the quarter rose 2496% Y/Y to $332.3 million.\nThe company held $770.1 million in cash and equivalents as of July 31, 2021.\nNet cash provided by operating activities for the six months totaled $401.4 million.\nEPS of $4.56 beat the analyst consensus of $2.42.\nOutlook: Ulta Beauty raised FY21 sales outlook to $8.1 billion - $8.3 billion (prior $7.7 billion - $7.8 billion) versus the consensus of $7.88 billion.\nThe company expects FY21 EPS of $14.50 - $14.70 (prior $11.50 - $11.95) versus the consensus of $12.28.\nAnalyst Ratings: Deutsche Bank maintains Ulta Beauty with a Buy and raises the price target from $410 to $417.\nPrice Action: ULTA shares are trading higher by 5.31% at $410.60 in premarket on the last check Thursday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":810286472,"gmtCreate":1629980970096,"gmtModify":1676530190858,"author":{"id":"3566821013640470","authorId":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3566821013640470","authorIdStr":"3566821013640470"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810286472","repostId":2162095933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5656170,"gmtCreate":1629980979435,"gmtModify":1663232943336,"authorId":3566821013640470,"author":{"id":3566821013640470,"idStr":"3566821013640470","authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810286472,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":810296487,"gmtCreate":1629978542549,"gmtModify":1676530190098,"author":{"id":"3561459567222461","authorId":"3561459567222461","name":"Oyh","avatar":"https://community-static.tradeup.com/news/6efe76978b8678e18a4d96fd589746dd","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3561459567222461","authorIdStr":"3561459567222461"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810296487","repostId":2162095933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5655871,"gmtCreate":1629978549932,"gmtModify":1663232943337,"authorId":3561459567222461,"author":{"id":3561459567222461,"idStr":"3561459567222461","authorId":3561459567222461,"name":"Oyh","avatar":"https://community-static.tradeup.com/news/6efe76978b8678e18a4d96fd589746dd","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810296487,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":810298698,"gmtCreate":1629978370514,"gmtModify":1676530190075,"author":{"id":"3581898537749965","authorId":"3581898537749965","name":"Couch","avatar":"https://static.tigerbbs.com/e5c9b82fccf054c247e5e431e45f3550","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581898537749965","authorIdStr":"3581898537749965"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810298698","repostId":2162095933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5655914,"gmtCreate":1629979002251,"gmtModify":1663232944239,"authorId":3574231753384373,"author":{"id":3574231753384373,"idStr":"3574231753384373","authorId":3574231753384373,"name":"HT2O","avatar":"https://static.tigerbbs.com/194ab66a386d113267532d2b7a6aa59e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810298698,"type":1,"supId":0,"prevId":0,"content":"Hello","text":"Hello","html":"Hello"}],"langContent":"EN"},{"id":810298984,"gmtCreate":1629978310848,"gmtModify":1676530190057,"author":{"id":"3581634953766636","authorId":"3581634953766636","name":"Waterbottle","avatar":"https://static.tigerbbs.com/c73e99195b539aab75e779f4237969cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581634953766636","authorIdStr":"3581634953766636"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810298984","repostId":2162095933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5655846,"gmtCreate":1629978375430,"gmtModify":1663232943347,"authorId":3581898537749965,"author":{"id":3581898537749965,"idStr":"3581898537749965","authorId":3581898537749965,"name":"Couch","avatar":"https://static.tigerbbs.com/e5c9b82fccf054c247e5e431e45f3550","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810298984,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":810299881,"gmtCreate":1629978055943,"gmtModify":1676530189995,"author":{"id":"3582635042920976","authorId":"3582635042920976","name":"JaxW","avatar":"https://static.tigerbbs.com/e387971df14a5a7a9d52e133338baf77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582635042920976","authorIdStr":"3582635042920976"},"htmlText":"Please like and comment ? Thanks&nbsp;","listText":"Please like and comment ? Thanks&nbsp;","text":"Please like and comment ? Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/810299881","repostId":2162095933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5655875,"gmtCreate":1629978601178,"gmtModify":1663232943943,"authorId":3582927789816025,"author":{"id":3582927789816025,"idStr":"3582927789816025","authorId":3582927789816025,"name":"SKLow","avatar":"https://static.tigerbbs.com/b3aeaabd2ee1ec9afcdda5a4aab1994c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810299881,"type":1,"supId":0,"prevId":0,"content":"like and comment back pls.tq","text":"like and comment back pls.tq","html":"like and comment back pls.tq"},{"id":5655848,"gmtCreate":1629978385802,"gmtModify":1663232943448,"authorId":3578904826776116,"author":{"id":3578904826776116,"idStr":"3578904826776116","authorId":3578904826776116,"name":"TJW1991","avatar":"https://static.tigerbbs.com/c1d13fbb3feb6459408472fb351d6fe0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810299881,"type":1,"supId":5655834,"prevId":0,"content":"h","text":"h","html":"h"},{"id":5655834,"gmtCreate":1629978308016,"gmtModify":1631887973008,"authorId":3581634953766636,"author":{"id":3581634953766636,"idStr":"3581634953766636","authorId":3581634953766636,"name":"Waterbottle","avatar":"https://static.tigerbbs.com/c73e99195b539aab75e779f4237969cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810299881,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":810205282,"gmtCreate":1629977798446,"gmtModify":1676530189909,"author":{"id":"3582025777019518","authorId":"3582025777019518","name":"PapaPanda","avatar":"https://static.tigerbbs.com/f345f2877f9219209242633fa26c2e2f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582025777019518","authorIdStr":"3582025777019518"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810205282","repostId":2162095933,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5655801,"gmtCreate":1629978044648,"gmtModify":1663232943537,"authorId":3582635042920976,"author":{"id":3582635042920976,"idStr":"3582635042920976","authorId":3582635042920976,"name":"JaxW","avatar":"https://static.tigerbbs.com/e387971df14a5a7a9d52e133338baf77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":810205282,"type":1,"supId":0,"prevId":0,"content":"please like and comment ? Thanks","text":"please like and comment ? Thanks","html":"please like and comment ? Thanks"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":32,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2162095933"}