Wall Street analysts predict that Ulta Beauty Inc (NASDAQ:ULTA) will post earnings per share of $3.59 for the current quarter, Zacks reports. Ten analysts have made estimates for Ulta Beauty’s earnings. The highest EPS estimate is $3.70 and the lowest is $3.50. Ulta Beauty reported earnings per share of $2.75 in the same quarter last year, which indicates a positive year-over-year growth rate of 30.5%. The company is expected to issue its next earnings report on Thursday, March 21st.
According to Zacks, analysts expect that Ulta Beauty will report full year earnings of $10.93 per share for the current financial year, with EPS estimates ranging from $10.81 to $11.01. For the next financial year, analysts forecast that the firm will post earnings of $12.82 per share, with EPS estimates ranging from $12.65 to $13.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.96%. Ulta Beauty’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.69 earnings per share.
Several research analysts have commented on ULTA shares. Wells Fargo & Co set a $278.00 target price on Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, August 20th. Zacks Investment Research raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. BidaskClub raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. OTR Global cut Ulta Beauty to a “positive” rating in a report on Wednesday, August 22nd. Finally, Stifel Nicolaus cut their price target on Ulta Beauty from $250.00 to $245.00 and set a “hold” rating on the stock in a report on Friday, August 24th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $286.96.
In related news, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the sale, the director now directly owns 361,294 shares of the company’s stock, valued at approximately $103,745,572.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis K. Eck sold 31,278 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $285.88, for a total value of $8,941,754.64. Following the sale, the director now directly owns 334,778 shares of the company’s stock, valued at $95,706,334.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,407 shares of company stock valued at $19,028,318. 5.60% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in ULTA. Cornerstone Wealth Management LLC acquired a new stake in shares of Ulta Beauty in the 2nd quarter worth $247,000. Acadian Asset Management LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $286,000. Piedmont Investment Advisors LLC acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at about $151,000. Advisory Services Network LLC lifted its holdings in shares of Ulta Beauty by 1,691.7% in the 2nd quarter. Advisory Services Network LLC now owns 3,028 shares of the specialty retailer’s stock valued at $763,000 after buying an additional 2,859 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in shares of Ulta Beauty in the 2nd quarter valued at about $162,000. Institutional investors and hedge funds own 89.10% of the company’s stock.
ULTA traded down $38.45 on Friday, hitting $254.47. 4,225,348 shares of the stock were exchanged, compared to its average volume of 1,026,716. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63. Ulta Beauty has a 12 month low of $191.70 and a 12 month high of $322.49.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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