Wall Street brokerages predict that Ulta Beauty Inc (NASDAQ:ULTA) will post $3.71 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Ulta Beauty’s earnings, with the lowest EPS estimate coming in at $3.61 and the highest estimate coming in at $3.78. Ulta Beauty posted earnings of $3.61 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The business is scheduled to issue its next earnings report after the market closes on Thursday, March 12th.
According to Zacks, analysts expect that Ulta Beauty will report full-year earnings of $11.98 per share for the current financial year, with EPS estimates ranging from $11.92 to $12.02. For the next year, analysts forecast that the firm will post earnings of $13.09 per share, with EPS estimates ranging from $12.74 to $13.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.12. Ulta Beauty had a return on equity of 36.91% and a net margin of 9.67%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the firm posted $2.18 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis.
ULTA has been the topic of several analyst reports. Oppenheimer boosted their price objective on Ulta Beauty from $275.00 to $310.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. BidaskClub raised Ulta Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, January 18th. Guggenheim reduced their price objective on Ulta Beauty from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Barclays boosted their price objective on Ulta Beauty from $220.00 to $238.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, Piper Jaffray Companies reduced their price objective on Ulta Beauty from $250.00 to $228.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $287.70.
NASDAQ ULTA traded down $2.52 during trading hours on Friday, hitting $294.57. 450,004 shares of the company were exchanged, compared to its average volume of 990,245. The stock has a 50-day moving average price of $270.68 and a 200 day moving average price of $264.63. The company has a quick ratio of 0.38, a current ratio of 1.67 and a debt-to-equity ratio of 0.92. Ulta Beauty has a 52 week low of $222.00 and a 52 week high of $368.83. The stock has a market cap of $16.79 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15.
In related news, insider Jeffrey J. Childs sold 3,031 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $252.20, for a total value of $764,418.20. Following the transaction, the insider now owns 10,333 shares of the company’s stock, valued at $2,605,982.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Sustainable Growth Advisers LP purchased a new position in Ulta Beauty in the 4th quarter worth $137,539,000. Select Equity Group L.P. acquired a new stake in Ulta Beauty during the 3rd quarter worth about $94,563,000. Champlain Investment Partners LLC grew its position in Ulta Beauty by 48.2% during the 4th quarter. Champlain Investment Partners LLC now owns 791,035 shares of the specialty retailer’s stock worth $200,243,000 after purchasing an additional 257,305 shares during the period. BlackRock Inc. grew its position in Ulta Beauty by 5.3% during the 2nd quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock worth $1,445,154,000 after purchasing an additional 207,927 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt grew its position in Ulta Beauty by 33.8% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 693,000 shares of the specialty retailer’s stock worth $174,116,000 after purchasing an additional 175,000 shares during the period. 89.69% of the stock is currently owned by institutional investors.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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