Analysts expect Ulta Beauty Inc (NASDAQ:ULTA) to announce earnings per share of $3.06 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Ulta Beauty’s earnings. The highest EPS estimate is $3.10 and the lowest is $2.98. Ulta Beauty posted earnings per share of $2.63 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The business is expected to issue its next quarterly earnings report after the market closes on Thursday, May 30th.
On average, analysts expect that Ulta Beauty will report full-year earnings of $12.79 per share for the current year, with EPS estimates ranging from $12.66 to $12.88. For the next year, analysts forecast that the business will post earnings of $14.90 per share, with EPS estimates ranging from $14.48 to $15.25. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.05. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. Ulta Beauty’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS.
Several research firms have recently issued reports on ULTA. Loop Capital upped their target price on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a report on Monday, March 4th. Oppenheimer upped their price objective on Ulta Beauty to $400.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. UBS Group upped their price objective on Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Nomura reiterated a “neutral” rating and issued a $311.00 price objective (up previously from $305.00) on shares of Ulta Beauty in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Finally, BidaskClub upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Six research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $343.48.
ULTA traded up $5.78 during midday trading on Friday, reaching $346.48. 14,318 shares of the company were exchanged, compared to its average volume of 746,438. The firm has a market capitalization of $20.10 billion, a P/E ratio of 32.07, a P/E/G ratio of 1.40 and a beta of 0.99. Ulta Beauty has a one year low of $224.43 and a one year high of $359.69.
In other news, Director Dennis K. Eck sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $352.83, for a total transaction of $3,528,300.00. Following the transaction, the director now directly owns 220,000 shares of the company’s stock, valued at $77,622,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis K. Eck sold 11,067 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $349.90, for a total value of $3,872,343.30. Following the transaction, the director now directly owns 230,000 shares in the company, valued at $80,477,000. The disclosure for this sale can be found here. In the last three months, insiders sold 426,250 shares of company stock worth $143,394,373. 5.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Shine Investment Advisory Services Inc. grew its stake in shares of Ulta Beauty by 85.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 74 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 34 shares during the last quarter. Securian Asset Management Inc boosted its holdings in shares of Ulta Beauty by 0.6% during the fourth quarter. Securian Asset Management Inc now owns 5,971 shares of the specialty retailer’s stock worth $1,462,000 after purchasing an additional 37 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Ulta Beauty by 4.2% during the first quarter. Moors & Cabot Inc. now owns 972 shares of the specialty retailer’s stock worth $340,000 after purchasing an additional 39 shares during the period. Legacy Bridge LLC boosted its holdings in shares of Ulta Beauty by 6.2% during the first quarter. Legacy Bridge LLC now owns 860 shares of the specialty retailer’s stock worth $300,000 after purchasing an additional 50 shares during the period. Finally, Sigma Investment Counselors Inc. boosted its holdings in shares of Ulta Beauty by 0.5% during the fourth quarter. Sigma Investment Counselors Inc. now owns 10,626 shares of the specialty retailer’s stock worth $2,602,000 after purchasing an additional 52 shares during the period. 92.55% of the stock is currently owned by hedge funds and other institutional investors.
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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