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Ulta Beauty

Nasdaq:ULTA
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ULTA
Nasdaq
$21B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Ulta Beauty, Inc. operates as a beauty retailer in the United States. The last earnings update was 20 days ago. More info.


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ULTA Share Price and Events
7 Day Returns
-0.9%
NasdaqGS:ULTA
0.1%
US Specialty Retail
-0.3%
US Market
1 Year Returns
47%
NasdaqGS:ULTA
27.1%
US Specialty Retail
7%
US Market
ULTA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ulta Beauty (ULTA) -0.9% 6.2% 21.5% 47% 69.2% 305.3%
US Specialty Retail 0.1% 6.8% 12.8% 27.1% 31.2% 58.1%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • ULTA outperformed the Specialty Retail industry which returned 27.1% over the past year.
  • ULTA outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
ULTA
Industry
5yr Volatility vs Market

ULTA Value

 Is Ulta Beauty undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ulta Beauty to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ulta Beauty.

NasdaqGS:ULTA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ULTA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.867 (1 + (1- 21%) (0%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.911 * 5.96%)
8.16%

Discounted Cash Flow Calculation for NasdaqGS:ULTA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ulta Beauty is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:ULTA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.16%)
2019 509.14 Analyst x9 470.74
2020 638.76 Analyst x9 546.03
2021 751.82 Analyst x9 594.21
2022 904.50 Analyst x2 660.96
2023 1,075.00 Analyst x1 726.30
2024 1,185.00 Analyst x1 740.23
2025 1,275.51 Est @ 7.64% 736.67
2026 1,354.15 Est @ 6.17% 723.10
2027 1,423.68 Est @ 5.13% 702.89
2028 1,486.51 Est @ 4.41% 678.55
Present value of next 10 years cash flows $6,579.67
NasdaqGS:ULTA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,486.51 × (1 + 2.73%) ÷ (8.16% – 2.73%)
$28,133.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $28,133.76 ÷ (1 + 8.16%)10
$12,842.29
NasdaqGS:ULTA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,579.67 + $12,842.29
$19,421.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19,421.96 / 58.80
$330.28
NasdaqGS:ULTA Discount to Share Price
Calculation Result
Value per share (USD) From above. $330.28
Current discount Discount to share price of $350.88
= -1 x ($350.88 - $330.28) / $330.28
-6.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ulta Beauty is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ulta Beauty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ulta Beauty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ULTA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-02) in USD $11.00
NasdaqGS:ULTA Share Price ** NasdaqGS (2019-04-18) in USD $350.88
United States of America Specialty Retail Industry PE Ratio Median Figure of 66 Publicly-Listed Specialty Retail Companies 16.74x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ulta Beauty.

NasdaqGS:ULTA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ULTA Share Price ÷ EPS (both in USD)

= 350.88 ÷ 11.00

31.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ulta Beauty is overvalued based on earnings compared to the US Specialty Retail industry average.
  • Ulta Beauty is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ulta Beauty's expected growth come at a high price?
Raw Data
NasdaqGS:ULTA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
10.3%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 57 Publicly-Listed Specialty Retail Companies 1.76x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:ULTA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.9x ÷ 10.3%

3.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ulta Beauty is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ulta Beauty's assets?
Raw Data
NasdaqGS:ULTA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-02) in USD $31.07
NasdaqGS:ULTA Share Price * NasdaqGS (2019-04-18) in USD $350.88
United States of America Specialty Retail Industry PB Ratio Median Figure of 99 Publicly-Listed Specialty Retail Companies 1.67x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
NasdaqGS:ULTA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ULTA Share Price ÷ Book Value per Share (both in USD)

= 350.88 ÷ 31.07

11.29x

* Primary Listing of Ulta Beauty.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ulta Beauty is overvalued based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Ulta Beauty's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Ulta Beauty has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ULTA Future Performance

 How is Ulta Beauty expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ulta Beauty expected to grow at an attractive rate?
  • Ulta Beauty's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ulta Beauty's earnings growth is positive but not above the United States of America market average.
  • Ulta Beauty's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ULTA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ULTA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 10.3%
NasdaqGS:ULTA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 9%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ULTA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ULTA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 10,438 1,122 2
2023-01-31 9,754 1,026 2
2022-01-31 9,143 1,314 930 8
2021-01-31 8,341 1,178 836 22
2020-01-31 7,547 1,041 743 23
NasdaqGS:ULTA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-02 6,717 956 659
2018-11-03 6,529 992 652
2018-08-04 6,312 947 626
2018-05-05 6,113 881 591
2018-02-03 5,885 779 555
2017-10-28 5,527 640 487
2017-07-29 5,317 635 470
2017-04-29 5,096 643 446
2017-01-28 4,855 634 410
2016-10-29 4,542 550 377
2016-07-30 4,322 470 361
2016-04-30 4,130 475 345

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ulta Beauty's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
  • Ulta Beauty's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ULTA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from Ulta Beauty Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ULTA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31 21.72 21.72 21.72 1.00
2023-01-31 19.41 19.41 19.41 1.00
2022-01-31 17.15 17.33 16.84 4.00
2021-01-31 14.91 15.25 14.48 19.00
2020-01-31 12.91 15.25 12.66 21.00
NasdaqGS:ULTA Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-02 11.00
2018-11-03 10.81
2018-08-04 10.30
2018-05-05 9.67
2018-02-03 9.02
2017-10-28 7.87
2017-07-29 7.57
2017-04-29 7.16
2017-01-28 6.55
2016-10-29 6.00
2016-07-30 5.70
2016-04-30 5.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ulta Beauty is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Ulta Beauty's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ulta Beauty has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ULTA Past Performance

  How has Ulta Beauty performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ulta Beauty's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ulta Beauty has delivered over 20% year on year earnings growth in the past 5 years.
  • Ulta Beauty's 1-year earnings growth is less than its 5-year average (18.8% vs 24.2%)
  • Ulta Beauty's earnings growth has exceeded the US Specialty Retail industry average in the past year (18.8% vs 17.1%).
Earnings and Revenue History
Ulta Beauty's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ulta Beauty Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ULTA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-02 6,716.62 658.56 1,555.23
2018-11-03 6,529.49 652.06 1,499.51
2018-08-04 6,311.66 625.54 1,426.91
2018-05-05 6,113.29 591.41 1,374.79
2018-02-03 5,884.51 555.23 1,311.52
2017-10-28 5,527.49 487.28 1,228.27
2017-07-29 5,316.54 470.20 1,185.20
2017-04-29 5,095.90 446.01 1,136.74
2017-01-28 4,854.74 409.76 1,092.41
2016-10-29 4,542.46 377.37 1,041.28
2016-07-30 4,321.93 360.87 978.75
2016-04-30 4,129.71 345.04 925.70
2016-01-30 3,924.12 320.01 878.04
2015-10-31 3,703.46 299.45 820.76
2015-08-01 3,538.48 287.50 783.55
2015-05-02 3,395.72 274.13 756.90
2015-01-31 3,241.37 257.14 726.37
2014-11-01 3,061.81 240.55 693.53
2014-08-02 2,934.87 226.86 664.63
2014-05-03 2,801.63 210.98 642.48
2014-02-01 2,670.57 202.85 613.66
2013-11-02 2,561.33 196.70 590.12
2013-08-03 2,448.19 189.42 555.53
2013-05-04 2,328.87 179.51 526.48
2013-02-02 2,220.26 172.55 503.70
2012-10-27 2,043.93 154.31 473.04
2012-07-28 1,951.36 142.93 453.81
2012-04-28 1,864.24 131.84 438.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ulta Beauty has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Ulta Beauty used its assets more efficiently than the US Specialty Retail industry average last year based on Return on Assets.
  • Ulta Beauty has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ulta Beauty's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ulta Beauty has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ULTA Health

 How is Ulta Beauty's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ulta Beauty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ulta Beauty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ulta Beauty's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ulta Beauty's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Ulta Beauty has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ulta Beauty Company Filings, last reported 2 months ago.

NasdaqGS:ULTA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-02 1,820.22 0.00 409.25
2018-11-03 1,835.74 0.00 296.94
2018-08-04 1,812.48 0.00 386.11
2018-05-05 1,783.43 0.00 469.08
2018-02-03 1,774.22 0.00 397.45
2017-10-28 1,616.05 0.00 106.79
2017-07-29 1,635.35 0.00 272.86
2017-04-29 1,641.66 0.00 471.73
2017-01-28 1,550.22 0.00 415.01
2016-10-29 1,452.08 0.00 243.11
2016-07-30 1,391.94 0.00 304.08
2016-04-30 1,319.69 0.00 369.25
2016-01-30 1,442.89 0.00 475.84
2015-10-31 1,374.16 0.00 359.76
2015-08-01 1,343.79 0.00 475.42
2015-05-02 1,302.99 0.00 536.22
2015-01-31 1,247.51 0.00 539.36
2014-11-01 1,186.33 0.00 395.06
2014-08-02 1,126.04 0.00 463.20
2014-05-03 1,059.76 0.00 456.71
2014-02-01 1,003.09 0.00 419.48
2013-11-02 928.32 0.00 240.92
2013-08-03 860.46 0.00 286.21
2013-05-04 803.72 0.00 293.21
2013-02-02 786.94 0.00 320.48
2012-10-27 707.00 0.00 191.72
2012-07-28 639.69 0.00 197.40
2012-04-28 584.91 0.00 266.35
  • Ulta Beauty has no debt.
  • Ulta Beauty has not taken on any debt in the past 5 years.
  • Ulta Beauty has no debt, it does not need to be covered by operating cash flow.
  • Ulta Beauty has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ulta Beauty's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ulta Beauty has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ULTA Dividends

 What is Ulta Beauty's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ulta Beauty dividends. Estimated to be 0% next year.
If you bought $2,000 of Ulta Beauty shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ulta Beauty's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ulta Beauty's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ULTA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
United States of America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ULTA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31 0.00 3.00
2021-01-31 0.00 5.00
2020-01-31 0.00 5.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ulta Beauty has not reported any payouts.
  • Unable to verify if Ulta Beauty's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ulta Beauty's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ulta Beauty has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Ulta Beauty's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Ulta Beauty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ulta Beauty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ulta Beauty has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ULTA Management

 What is the CEO of Ulta Beauty's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mary Dillon
COMPENSATION $7,491,298
AGE 57
TENURE AS CEO 5.8 years
CEO Bio

Ms. Mary N. Dillon has been the Chief Executive Officer of Ulta Beauty, Inc. since July 1, 2013 and serves as its President. Ms. Dillon has been an Independent Director at KKR & Co. Inc. (formerly, KKR & Co. L.P.) since September 6, 2018. Ms. Dillon has more than 25 years of experience in leading consumer-driven businesses and building brands. She served as the Chief Executive Officer and President of United States Cellular Corporation from June 1, 2010 to June 22, 2013. She served as Secretary at Cellular Telecommunications & Internet Association since January 1, 2011. She served as the Global Chief Marketing Officer and Executive Vice President of McDonald's Corp. from October 3, 2005 to June 1, 2010. She oversaw McDonald's worldwide marketing efforts and global brand strategy across 118 countries. She served as Global Chief Marketing Officer of McDonald's Restaurants Limited. Prior to McDonald's, she served as President of Quaker Foods division of The Quaker Oats Company, Inc. from September 2004 to September 2005. She began her career in marketing for Quaker Oats in 1984 and held several positions of increasing responsibility, including Vice President of Marketing for Gatorade. Prior to joining McDonald’s Corporation, she held various positions at PepsiCo Corporation for approximately five years. Ms. Dillon served as Vice President of Marketing of Quaker Foods from 2002 to 2004, Vice President of Marketing at Gatorade and Propel Fitness Waters from 2000 to 2002, Senior Vice President of Marketing at Gardenburger, Inc. from 1996 to 2000 and Director of Product Offerings at Snapple Natural Beverages from 1995 to 1996. She served as the Vice President of Retail Marketing of Gardenburger Company since July 1996. Ms. Dillon began her career as a Marketing Associate for Aunt Jemima Syrup at Quaker in 1984. Ms. Dillon served as Director of Marketing at Quaker, where she was employed from 1984 to 1996. During that time, she focused on consumer marketing and general management across many product categories and was a Senior Manager for products such as snacks, pet foods and beverages. Ms. Dillon has been the Chairperson of CTIA Wireless Internet Caucus since January 1, 2013 and serves as its Director. She has been an Independent Director at Starbucks Corporation since January 04, 2016. She has been a Director of Ulta Beauty, inc. since July 1, 2013. She serves as a Director for Northshore University HealthSystem. She has been a Trustee at Save The Children Federation, Incorporated since February 2016. She served as a Director of United States Cellular Corporation from June 1, 2010 to June 22, 2013. She served as Director at Cellular Telecommunications & Internet Association since January 1, 2011. She served as an Independent Director at Target Corp. from September 12, 2007 to June 24, 2013. She is a Member of The Economic Club of Chicago and The Chicago Network. She serves on the Boards of several non-profits, including the Ounce of Prevention Fund, World Business Chicago, the Civic Committee of the Commercial Club of Chicago and Loyola Academy. She is a Board Member of Housing Opportunities for Women and a United Way Volunteer. She serves on the Civic Committee of The Commercial Club of Chicago. She was named one of FierceWireless' "Most Influential Women in Wireless" in 2011. She was Named to Fortune's Business Person of the Year list in 2015. Ms. Dillon received Bachelor of Science in Marketing and Asian Studies from the University of Illinois at Chicago.

CEO Compensation
  • Mary's compensation has been consistent with company performance over the past year.
  • Mary's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ulta Beauty management team in years:

5.5
Average Tenure
57
Average Age
  • The average tenure for the Ulta Beauty management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mary Dillon

TITLE
CEO & Director
COMPENSATION
$7M
AGE
57
TENURE
5.8 yrs

David Kimbell

TITLE
President & Chief Merchandising and Marketing Officer
COMPENSATION
$2M
AGE
51

Scott Settersten

TITLE
CFO, Treasurer & Assistant Secretary
COMPENSATION
$2M
AGE
58
TENURE
6.1 yrs

Jodi Caro

TITLE
General Counsel
COMPENSATION
$1M
AGE
52
TENURE
3.7 yrs

Jeff Childs

TITLE
Chief Human Resources Officer
COMPENSATION
$1M
AGE
61
TENURE
5.5 yrs

Diane Randolph

TITLE
Chief Information Officer
TENURE
4.6 yrs

Laurel Lefebvre

TITLE
Vice President of Investor Relations
TENURE
7.3 yrs

Karen May

TITLE
Director of Public Relations
TENURE
4.8 yrs

Derek Hornsby

TITLE
Chief Supply Chain Officer
TENURE
5.6 yrs

Kecia Steelman

TITLE
Chief Store Operations Officer
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Ulta Beauty board of directors in years:

5.8
Average Tenure
62
Average Age
  • The tenure for the Ulta Beauty board of directors is about average.
Board of Directors

Bob DiRomualdo

TITLE
Non-Executive Chairperson of the Board
COMPENSATION
$255K
AGE
73
TENURE
0.6 yrs

Mary Dillon

TITLE
CEO & Director
COMPENSATION
$7M
AGE
57
TENURE
5.8 yrs

Cathy Halligan

TITLE
Independent Director
COMPENSATION
$250K
AGE
55
TENURE
7.3 yrs

Mike MacDonald

TITLE
Independent Director
COMPENSATION
$230K
AGE
66
TENURE
6.5 yrs

Michelle Collins

TITLE
Independent Director
COMPENSATION
$245K
AGE
58
TENURE
4.5 yrs

Charles Heilbronn

TITLE
Independent Director
COMPENSATION
$230K
AGE
63
TENURE
23.8 yrs

Dennis Eck

TITLE
Director
COMPENSATION
$230K
AGE
75

Lorna Nagler

TITLE
Independent Director
COMPENSATION
$230K
AGE
61
TENURE
9.8 yrs

George Mrkonic

TITLE
Director
COMPENSATION
$230K
AGE
66
TENURE
3.6 yrs

Sally Blount

TITLE
Independent Director
COMPENSATION
$76K
AGE
56
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Ulta Beauty insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Apr 19 Sell Dennis Eck Individual 01. Apr 19 01. Apr 19 -10,000 $352.83 $-3,528,342
01. Apr 19 Sell Dennis Eck Individual 28. Mar 19 28. Mar 19 -11,067 $349.90 $-3,872,343
27. Mar 19 Sell Naples Ventures Company 25. Mar 19 26. Mar 19 -66,902 $343.74 $-22,658,774
27. Mar 19 Sell Dennis Eck Individual 25. Mar 19 26. Mar 19 -36,100 $341.24 $-12,271,997
27. Mar 19 Sell Mousseluxe S.à.r.l. Company 25. Mar 19 25. Mar 19 -42,500 $336.49 $-14,301,016
27. Mar 19 Sell Catherine Halligan Individual 26. Mar 19 26. Mar 19 -100 $344.36 $-34,436
25. Mar 19 Sell Mousseluxe S.à.r.l. Company 21. Mar 19 22. Mar 19 -162,490 $335.01 $-54,436,249
25. Mar 19 Sell Dennis Eck Individual 21. Mar 19 21. Mar 19 -10,000 $336.01 $-3,360,075
22. Mar 19 Sell Naples Ventures Company 20. Mar 19 20. Mar 19 -3,098 $337.12 $-1,044,405
21. Mar 19 Sell Mousseluxe S.à.r.l. Company 19. Mar 19 20. Mar 19 -242,432 $335.04 $-81,213,494
21. Mar 19 Sell Catherine Halligan Individual 19. Mar 19 19. Mar 19 -704 $342.97 $-241,451
21. Mar 19 Sell Dennis Eck Individual 20. Mar 19 20. Mar 19 -15,000 $336.06 $-5,040,863
21. Mar 19 Sell Jeffrey Childs Individual 19. Mar 19 19. Mar 19 -3,500 $334.18 $-1,169,626
19. Sep 18 Sell Dennis Eck Individual 18. Sep 18 19. Sep 18 -36,794 $287.25 $-10,514,129
18. Sep 18 Sell Catherine Halligan Individual 17. Sep 18 17. Sep 18 -129 $281.50 $-36,313
13. Sep 18 Sell Dennis Eck Individual 11. Sep 18 11. Sep 18 -35,000 $288.35 $-10,050,341
25. Jun 18 Sell Dennis Eck Individual 21. Jun 18 22. Jun 18 -3,500 $252.01 $-880,345
21. Jun 18 Sell Dennis Eck Individual 20. Jun 18 20. Jun 18 -10,900 $250.57 $-2,731,216
13. Jun 18 Sell Charles Philippin Individual 11. Jun 18 12. Jun 18 -50,000 $252.39 $-12,550,112
11. Jun 18 Sell Vanessa Wittman Individual 08. Jun 18 08. Jun 18 -600 $249.94 $-149,963
07. Jun 18 Sell Scott Settersten Individual 05. Jun 18 05. Jun 18 -7,032 $254.57 $-1,779,715
07. Jun 18 Sell Catherine Halligan Individual 05. Jun 18 05. Jun 18 -400 $252.44 $-100,976
X
Management checks
We assess Ulta Beauty's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ulta Beauty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ULTA News

Simply Wall St News

Should You Be Excited About Ulta Beauty, Inc.'s (NASDAQ:ULTA) 36% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Ulta Beauty has a return on equity of 36% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Do Analysts Think About Ulta Beauty, Inc.'s (NASDAQ:ULTA) Growth?

The latest earnings release Ulta Beauty, Inc.'s (NASDAQ:ULTA) announced in February 2019a

Simply Wall St -

Should You Be Holding Ulta Beauty, Inc. (NASDAQ:ULTA)?

(NASDAQ:ULTA) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … If you're interested in understanding beyond my broad commentary,

Simply Wall St -

Does Ulta Beauty, Inc.'s (NASDAQ:ULTA) CEO Salary Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Mary Dillon's Compensation Compare With Similar Sized Companies. … is worth US$21b, and total annual CEO compensation is US$7.5m.

Simply Wall St -

Are Insiders Selling Ulta Beauty, Inc. (NASDAQ:ULTA) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Ulta Beauty, Inc. … The Last 12 Months Of Insider Transactions At Ulta Beauty. … In total, Ulta Beauty insiders sold more than they bought over the last year.

Simply Wall St -

Is Ulta Beauty, Inc.'s (NASDAQ:ULTA) High P/E Ratio A Problem For Investors?

We'll show how you can use Ulta Beauty, Inc.'s (NASDAQ:ULTA) P/E ratio to inform your assessment of the investment opportunity. … Ulta Beauty has a P/E ratio of 29.18, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Ulta Beauty's Share Price Gain Of 240% Well Earned?

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Ulta Beauty managed to grow its earnings per share at 29% a year.

Simply Wall St -

What Can We Make Of Ulta Beauty, Inc.’s (NASDAQ:ULTA) High Return On Capital?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Ulta Beauty, Inc.’s (NASDAQ:ULTA) Cash Outlook Optimistic?

(NASDAQ:ULTA), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Ulta Beauty’s cash flow, which will help you understand the stock from a cash standpoint. … Ulta Beauty’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure

Simply Wall St -

Ulta Beauty, Inc. (NASDAQ:ULTA) Investors Are Paying Above The Intrinsic Value

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

ULTA Company Info

Description

Ulta Beauty, Inc. operates as a beauty retailer in the United States. The company’s stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories. It also provides private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products. As of February 2, 2019, the company operated 1,174 retail stores across 50 states. It also distributes its products through its Website, ulta.com. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was founded in 1990 and is based in Bolingbrook, Illinois.

Details
Name: Ulta Beauty, Inc.
ULTA
Exchange: NasdaqGS
Founded: 1990
$20,633,057,694
58,803,744
Website: http://www.ulta.com
Address: Ulta Beauty, Inc.
1000 Remington Boulevard,
Suite 120,
Bolingbrook,
Illinois, 60440,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ULTA Common Stock Nasdaq Global Select US USD 25. Oct 2007
DB 34U Common Stock Deutsche Boerse AG DE EUR 25. Oct 2007
LSE 0LIB Common Stock London Stock Exchange GB USD 25. Oct 2007
WBAG ULTA Common Stock Wiener Boerse AG AT EUR 25. Oct 2007
BMV ULTA * Common Stock Bolsa Mexicana de Valores MX MXN 25. Oct 2007
Number of employees
Current staff
Staff numbers
30,000
Ulta Beauty employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 00:02
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/02
Last earnings reported: 2019/02/02
Last annual earnings reported: 2019/02/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.