Analysts Anticipate Ulta Beauty Inc (NASDAQ:ULTA) Will Announce Earnings of $2.16 Per Share

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Wall Street analysts predict that Ulta Beauty Inc (NASDAQ:ULTA) will report $2.16 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Ulta Beauty’s earnings. The lowest EPS estimate is $2.05 and the highest is $2.20. Ulta Beauty posted earnings of $2.18 per share in the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, December 5th.

According to Zacks, analysts expect that Ulta Beauty will report full year earnings of $11.96 per share for the current fiscal year, with EPS estimates ranging from $11.85 to $12.05. For the next financial year, analysts forecast that the company will report earnings of $13.40 per share, with EPS estimates ranging from $12.86 to $13.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $2.76 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.03). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Ulta Beauty had a net margin of 9.86% and a return on equity of 37.04%. Ulta Beauty’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.46 EPS.

ULTA has been the topic of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Ulta Beauty to a “buy” rating and reduced their target price for the stock from $395.00 to $317.00 in a research report on Friday, August 30th. Guggenheim set a $325.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, August 30th. Cowen reduced their target price on shares of Ulta Beauty from $375.00 to $313.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Credit Suisse Group reduced their target price on shares of Ulta Beauty from $380.00 to $286.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Piper Jaffray Companies downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $360.00 to $250.00 in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $297.23.

In other Ulta Beauty news, Director Charles Heilbronn acquired 70,009 shares of the stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $248.66 per share, for a total transaction of $17,408,437.94. Following the purchase, the director now directly owns 60,368 shares of the company’s stock, valued at $15,011,106.88. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary N. Dillon acquired 1,300 shares of the stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of $237.17 per share, for a total transaction of $308,321.00. Following the purchase, the chief executive officer now directly owns 79,256 shares in the company, valued at $18,797,145.52. The disclosure for this purchase can be found here. Insiders have acquired a total of 186,567 shares of company stock worth $44,964,903 in the last 90 days. Company insiders own 4.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. San Francisco Sentry Investment Group CA grew its holdings in Ulta Beauty by 3,900.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 117 shares in the last quarter. Regent Investment Management LLC grew its holdings in Ulta Beauty by 109.9% during the 3rd quarter. Regent Investment Management LLC now owns 1,213 shares of the specialty retailer’s stock valued at $304,000 after buying an additional 635 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Ulta Beauty by 0.7% during the 3rd quarter. Wedbush Securities Inc. now owns 8,475 shares of the specialty retailer’s stock valued at $2,124,000 after buying an additional 61 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Ulta Beauty by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,549 shares of the specialty retailer’s stock valued at $12,921,000 after buying an additional 1,668 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Ulta Beauty by 23.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 12,271 shares of the specialty retailer’s stock valued at $3,076,000 after buying an additional 2,330 shares in the last quarter. Hedge funds and other institutional investors own 87.76% of the company’s stock.

NASDAQ:ULTA opened at $249.70 on Friday. The firm’s 50-day moving average price is $243.03 and its 200-day moving average price is $319.27. The company has a market capitalization of $14.44 billion, a PE ratio of 23.01, a P/E/G ratio of 1.24 and a beta of 1.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.80 and a quick ratio of 0.57. Ulta Beauty has a 1-year low of $224.43 and a 1-year high of $368.83.

Ulta Beauty Company Profile

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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