Equity research analysts expect Ulta Beauty, Inc. (NASDAQ: ULTA – Get Rating) to report revenue of $ 2.13 billion for the current quarter, Zacks reports. Ten analysts have issued estimates for Ulta Beauty’s earnings. The highest sales estimate is $ 2.19 billion and the lowest is $ 2.07 billion. Ulta Beauty reported sales of $ 1.94 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The company will announce its next quarterly earnings results on Monday January 1st.
On average, analysts expect Ulta Beauty to report full-year sales of $ 9.18 billion for the current year, with estimates ranging from $ 9.11 billion to $ 9.30 billion. For the next financial year, analysts expect the company to record sales of $ 9.84 billion, with estimates ranging from $ 9.60 billion to $ 10.05 billion. Zacks’ sales averages are an average based on a survey of the sales-side research firms following Ulta Beauty.
Ulta Beauty (NASDAQ: ULTA – Get Rating) last released its quarterly earnings results on Thursday, March 10. The specialty retailer posted earnings per share of $ 5.41 for the quarter, beating Zacks’ consensus estimate of $ 4.56 by $ 0.85. The company reported revenue of $ 2.73 billion during the quarter, compared with analysts’ estimates of $ 2.69 billion. Ulta Beauty had a net margin of 11.42% and a return on equity of 54.42%. The company’s turnover increased 24.1% year-on-year. In the same period last year, the company earned $ 3.41 EPS.
A number of research analysts have recently released reports on the stock. Zacks Investment Research downgraded Ulta Beauty’s stock from a “strong-buy” rating to a “hold” rating and set a target price of $ 391.00 for the stock. in a research report on Wednesday 2 February. DA Davidson cut its Ulta Beauty stock price target from $ 500.00 to $ 450.00 in a research report on Friday, March 11. Robert W. Baird lowered Ulta Beauty’s target stock price from $ 480.00 to $ 450.00 in a research note on Friday, March 11. Raymond James lowered Ulta Beauty’s target stock price from $ 485.00 to $ 450.00 and established an “outperform” rating on the stock in a research note on Wednesday, Jan. 26. Finally, BMO Capital Markets raised Ulta Beauty’s target share price from $ 365.00 to $ 385.00 and assigned the company a “market performance” score in a research note on Friday, March 11. Ten analysts rated the stock with a hold rating and fourteen assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average “Buy” rating and an average price target of $ 446.64.
ULTA stock rose $ 0.15 during mid-day trading on Monday to reach $ 415.65. 552,421 company shares were traded, against an average volume of 594,245. The company has a market capitalization of $ 21.75 billion, a PE ratio of 23.08, a price-earnings-growth ratio of 2.18, and a beta of 1.65. Ulta Beauty has a twelve-month low of $ 299.77 and a twelve-month high of $ 422.43. The company has a 50-day simple moving average of $ 383.35 and a 200-day simple moving average of $ 384.16.
In other news, insider Jodi J. Caro sold 5,340 shares of the company in a transaction on Wednesday, March 16. The shares were sold at an average price of $ 384.54, for a total value of $ 2,053,443.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available via this hyperlink. 3.10% of the shares are owned by insiders.
Several institutional investors have recently made changes to their positions in ULTA. Wellington Management Group LLP increased its stake in Ulta Beauty by 690.5% in Q3. Wellington Management Group LLP now owns 1,085,120 shares in the specialty retailer valued at $ 391,641,000 after purchasing an additional 947,858 shares in the last quarter. Norges Bank acquired a new equity interest in Ulta Beauty in Q4 valued at $ 202.4 million. BlackRock Inc. increased its stake in Ulta Beauty by 11.4% in Q4. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer worth $ 1,746,223,000 after purchasing an additional 434,595 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Ulta Beauty by 187.4% in Q3. Arrowstreet Capital Limited Partnership now owns 640,560 shares of the specialist retailer worth $ 231,191,000 after purchasing an additional 417,705 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Ulta Beauty shares by 102.5% in the third quarter. UBS Asset Management Americas Inc. now owns 455,034 shares of the specialist retailer worth $ 164,231,000 after purchasing an additional 230,320 shares in the last quarter. 88.92% of the stock is currently held by hedge funds and other institutional investors.
About Ulta Beauty (Get 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 hair, skin, make-up and eyebrows; and nail services.
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