Zacks: Brokerages Anticipate Ulta Beauty Inc (ULTA) to Announce $3.05 Earnings Per Share

Wall Street analysts expect that Ulta Beauty Inc (NASDAQ:ULTA) will announce earnings per share of $3.05 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Ulta Beauty’s earnings, with the highest EPS estimate coming in at $3.10 and the lowest estimate coming in at $2.98. Ulta Beauty reported earnings of $2.63 per share during the same quarter last year, which indicates a positive year over year growth rate of 16%. The firm is expected to issue its next quarterly earnings results on Thursday, May 30th.

On average, analysts expect that Ulta Beauty will report full year earnings of $12.78 per share for the current fiscal year, with EPS estimates ranging from $12.66 to $12.88. For the next financial year, analysts forecast that the business will report earnings of $14.90 per share, with EPS estimates ranging from $14.48 to $15.25. Zacks’ earnings per share averages 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 quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the business posted $2.75 EPS. The business’s revenue was up 9.7% on a year-over-year basis.

ULTA has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Ulta Beauty from $335.00 to $357.00 and gave the company a “buy” rating in a research report on Friday, March 15th. UBS Group raised their target price on Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, March 11th. ValuEngine upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. Finally, Loop Capital raised their target price on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $335.30.

ULTA opened at $350.88 on Thursday. Ulta Beauty has a 12 month low of $224.43 and a 12 month high of $359.69. The company has a market capitalization of $20.63 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.02.

In other news, Director Catherine Ann Halligan sold 704 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $342.97, for a total transaction of $241,450.88. Following the transaction, the director now directly owns 10,423 shares in the company, valued at approximately $3,574,776.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey J. Childs sold 9,757 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $333.89, for a total value of $3,257,764.73. Following the transaction, the insider now owns 13,671 shares in the company, valued at $4,564,610.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,250 shares of company stock worth $143,394,373. 5.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Shine Investment Advisory Services Inc. grew its holdings in shares of Ulta Beauty by 85.0% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of Ulta Beauty by 1,270.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 127 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Ulta Beauty by 74.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 69 shares during the last quarter. NuWave Investment Management LLC acquired a new position in shares of Ulta Beauty in the 1st quarter worth $49,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in shares of Ulta Beauty in the 4th quarter worth $53,000. Institutional investors own 91.64% of the company’s stock.

About Ulta Beauty

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

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