Ulta Beauty, Inc. (NASDAQ:ULTA) is expected to post earnings of $4.43 per share
Wall Street analysts expect Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) to report earnings per share (EPS) of $4.43 for the current fiscal quarter, according to Zacks. Ten analysts have released earnings estimates for Ulta Beauty, with estimates ranging from $3.88 to $4.79. Ulta Beauty posted earnings of $4.10 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 8%. The company is due to announce its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Ulta Beauty to report annual earnings of $18.58 per share for the current year, with EPS estimates ranging from $18.20 to $19.00. For the next fiscal year, analysts expect the company to post earnings of $20.56 per share, with EPS estimates ranging from $20.04 to $21.39. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA – Get Rating) last released its quarterly earnings data on Thursday, March 10. The specialty retailer reported earnings per share of $5.41 for the quarter, beating consensus analyst estimates of $4.56 by $0.85. The company posted revenue of $2.73 billion in the quarter, compared to analysts’ expectations of $2.69 billion. Ulta Beauty had a net margin of 11.42% and a return on equity of 54.42%. The company’s revenue for the quarter increased 24.1% year over year. During the same period a year earlier, the company posted EPS of $3.41.
Several equity analysts have recently commented on the stock. Robert W. Baird cut his price target on Ulta Beauty shares from $480.00 to $450.00 in a Friday, March 11 research report. StockNews.com took over Ulta Beauty stock coverage in a Thursday, March 31 research report. They have placed a “holding” rating on the stock. BMO Capital Markets raised its price target on Ulta Beauty shares from $365.00 to $385.00 and gave the stock a “market performance” rating in a Friday, March 11 research report . Credit Suisse Group reaffirmed a “buy” rating and set a price target of $455.00 on Ulta Beauty shares in a Friday, March 11 research report. Finally, Barclays raised its price target on Ulta Beauty shares from $440.00 to $469.00 and gave the stock an “overweight” rating in a Monday, March 14 research report. Ten equity research analysts gave the stock a hold rating and fourteen gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $446.64.
NASDAQ:ULTA traded down $0.15 on Friday, hitting $415.65. The stock recorded a trading volume of 552,421 shares, compared to an average volume of 594,245 shares. The company has a 50-day moving average of $383.35 and a 200-day moving average of $384.16. The stock has a market capitalization of $21.75 billion, a P/E ratio of 23.08, a price-to-earnings growth ratio of 2.18 and a beta of 1.65. Ulta Beauty has a 12 month minimum of $299.77 and a 12 month maximum of $422.43.
In other news, insider Jodi J. Caro sold 5,340 shares of Ulta Beauty in a trade that took place on Wednesday, March 16. The stock was sold at an average price of $384.54, for a total transaction of $2,053,443.60. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Insiders hold 3.10% of the shares of the company.
A number of large investors have recently changed their positions in the stock. IFM Investors Pty Ltd increased its stake in Ulta Beauty by 15.3% during the first quarter. IFM Investors Pty Ltd now owns 8,215 shares of the specialty retailer worth $3,271,000 after buying an additional 1,091 shares last quarter. Ritholtz Wealth Management increased its holdings of Ulta Beauty shares by 19.8% in the first quarter. Ritholtz Wealth Management now owns 604 shares of the specialty retailer valued at $241,000 after buying an additional 100 shares last quarter. Bender Robert & Associates increased its stake in Ulta Beauty shares by 3.2% in the first quarter. Bender Robert & Associates now owns 26,756 shares of the specialty retailer valued at $10,655,000 after buying an additional 841 shares last quarter. AdvisorNet Financial Inc increased its stake in Ulta Beauty shares by 7.0% in the first quarter. AdvisorNet Financial Inc. now owns 660 shares of the specialty retailer worth $263,000 after buying 43 more shares in the last quarter. Finally, Scout Investments Inc. increased its stake in Ulta Beauty shares by 111.3% in the first quarter. Scout Investments Inc. now owns 143,318 shares of the specialty retailer valued at $57,072,000 after purchasing an additional 75,490 shares last quarter. 88.92% of the shares are currently held by hedge funds and other institutional investors.
Company Profile Ulta Beauty (Get an evaluation)
Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The Company’s stores offer cosmetics, fragrances, skin and hair care products, bath and body products, and salon styling tools; professional hair products; salon services, including hairdressing, skincare, make-up and eyebrow services; and manicure services.
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