Ulta Beauty Inc (ULTA) Expected to Post Earnings of $3.59 Per Share

Brokerages expect Ulta Beauty Inc (NASDAQ:ULTA) to post earnings per share (EPS) of $3.59 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Ulta Beauty’s earnings. The lowest EPS estimate is $3.50 and the highest is $3.70. Ulta Beauty reported earnings per share of $2.75 during the same quarter last year, which indicates a positive year over year growth rate of 30.5%. The firm is scheduled to announce its next earnings results on Thursday, March 21st.

On average, analysts expect that Ulta Beauty will report full-year earnings of $10.93 per share for the current fiscal year, with EPS estimates ranging from $10.81 to $11.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $12.82 per share, with EPS estimates ranging from $12.65 to $13.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Ulta Beauty had a return on equity of 33.96% and a net margin of 9.99%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $1.69 EPS.

Several equities analysts have recently issued reports on the company. Zacks Investment Research reissued a “buy” rating and set a $316.00 target price on shares of Ulta Beauty in a research note on Saturday, November 17th. Deutsche Bank set a $263.00 price target on Ulta Beauty and gave the company a “buy” rating in a report on Friday, November 2nd. BidaskClub downgraded Ulta Beauty from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 28th. OTR Global upgraded Ulta Beauty to a “positive” rating in a research report on Thursday, November 29th. Finally, Morgan Stanley upped their price target on Ulta Beauty from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 11th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and an average price target of $286.96.

Ulta Beauty stock traded down $38.45 during trading hours on Friday, reaching $254.47. The company had a trading volume of 4,225,348 shares, compared to its average volume of 1,026,716. The stock has a market capitalization of $17.51 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.63. Ulta Beauty has a 12-month low of $191.70 and a 12-month high of $322.49.

In related news, Director Dennis K. Eck sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 129 shares of Ulta Beauty stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $281.50, for a total transaction of $36,313.50. Following the sale, the director now owns 3,628 shares of the company’s stock, valued at $1,021,282. The disclosure for this sale can be found here. Insiders have sold 66,407 shares of company stock valued at $19,028,318 in the last quarter. Insiders own 5.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. lifted its holdings in shares of Ulta Beauty by 204.1% during the 3rd quarter. Marshall Wace North America L.P. now owns 50,958 shares of the specialty retailer’s stock valued at $14,376,000 after acquiring an additional 34,202 shares in the last quarter. Marshall Wace LLP acquired a new position in Ulta Beauty in the 3rd quarter worth $44,356,000. Great Lakes Advisors LLC acquired a new position in Ulta Beauty in the 3rd quarter worth $328,000. Legal & General Group Plc increased its position in shares of Ulta Beauty by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock worth $76,900,000 after purchasing an additional 5,295 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its position in shares of Ulta Beauty by 73.9% in the 3rd quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock worth $6,685,000 after purchasing an additional 10,071 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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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