Zacks: Analysts Anticipate Ulta Beauty Inc (ULTA) to Announce $3.59 Earnings Per Share

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.

Featured Story: How is Preferred Stock Different from Common Stock?

Get a free copy of the Zacks research report on Ulta Beauty (ULTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply