FY2020 EPS Estimates for Ulta Beauty Inc Increased by William Blair (NASDAQ:ULTA)

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Ulta Beauty Inc (NASDAQ:ULTA) – William Blair lifted their FY2020 EPS estimates for Ulta Beauty in a note issued to investors on Friday, December 6th. William Blair analyst D. Hofkin now anticipates that the specialty retailer will post earnings per share of $11.82 for the year, up from their prior forecast of $11.77. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Ulta Beauty’s Q4 2020 earnings at $3.74 EPS, Q1 2021 earnings at $3.37 EPS, Q2 2021 earnings at $3.00 EPS, Q3 2021 earnings at $2.48 EPS, Q4 2021 earnings at $4.16 EPS and FY2021 earnings at $13.00 EPS.

ULTA has been the subject of several other reports. Wells Fargo & Co upped their target price on Ulta Beauty from $235.00 to $250.00 and gave the stock a “market perform” rating in a research note on Friday. Loop Capital set a $270.00 price target on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of Ulta Beauty from $317.00 to $326.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank started coverage on shares of Ulta Beauty in a report on Tuesday, December 3rd. They issued a “buy” rating and a $285.00 price target for the company. Finally, Atlantic Securities cut shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $390.00 to $250.00 in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. Ulta Beauty currently has an average rating of “Hold” and an average target price of $286.57.

Shares of ULTA opened at $262.20 on Monday. The firm has a market cap of $13.89 billion, a P/E ratio of 24.17, a PEG ratio of 1.26 and a beta of 1.11. Ulta Beauty has a 12 month low of $222.00 and a 12 month high of $368.83. The stock’s 50 day moving average is $238.84 and its two-hundred day moving average is $292.43. The company has a current ratio of 1.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.92.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Ulta Beauty had a return on equity of 36.81% and a net margin of 9.67%. Ulta Beauty’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.18 EPS.

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

Several large investors have recently bought and sold shares of the company. Commonwealth Bank of Australia raised its holdings in Ulta Beauty by 79.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 86 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 38 shares during the last quarter. Next Capital Management LLC lifted its stake in Ulta Beauty by 206.7% in the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Ulta Beauty by 42.0% in the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 29 shares in the last quarter. Bell Rock Capital LLC acquired a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $34,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in shares of Ulta Beauty during the 3rd quarter worth approximately $25,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Reverse Stock Split

Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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