Equities research analysts expect Ulta Beauty Inc. (NASDAQ:ULTA) to announce $1.66 earnings per share for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Ulta Beauty’s earnings, with estimates ranging from $1.64 to $1.69. Ulta Beauty reported earnings of $1.40 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The firm is scheduled to issue its next quarterly earnings report on Thursday, December 7th.
According to Zacks, analysts expect that Ulta Beauty will report full-year earnings of $8.36 per share for the current fiscal year, with EPS estimates ranging from $8.27 to $8.42. For the next financial year, analysts anticipate that the business will report earnings of $9.81 per share, with EPS estimates ranging from $9.50 to $10.04. Zacks Investment Research’s earnings per share averages are a mean 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 data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share.
Several analysts recently commented on ULTA shares. BidaskClub downgraded shares of Ulta Beauty from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “hold” rating and set a $300.00 target price on shares of Ulta Beauty in a report on Monday, June 26th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $290.00 target price on shares of Ulta Beauty in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a report on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price for the company in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $273.70.
In other news, Director Charles Heilbronn bought 127,889 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was bought at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael R. Macdonald bought 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. 5.20% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Iberiabank Corp raised its position in shares of Ulta Beauty by 9.2% in the 2nd quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock valued at $1,307,000 after buying an additional 383 shares in the last quarter. Covenant Asset Management LLC raised its position in shares of Ulta Beauty by 1.9% in the 2nd quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock valued at $1,056,000 after buying an additional 70 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ulta Beauty by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 214,001 shares of the specialty retailer’s stock valued at $61,039,000 after buying an additional 5,854 shares in the last quarter. CIBC World Markets Inc. raised its position in shares of Ulta Beauty by 63.0% in the 2nd quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after buying an additional 3,861 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Ulta Beauty in the 2nd quarter valued at approximately $552,000. Institutional investors own 87.70% of the company’s stock.
Shares of Ulta Beauty (NASDAQ:ULTA) traded down 2.029% on Friday, hitting $198.175. 1,956,778 shares of the stock were exchanged. The firm has a market capitalization of $12.17 billion, a PE ratio of 26.381 and a beta of 0.57. The company has a 50-day moving average price of $220.31 and a 200-day moving average price of $262.79. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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