Ulta Beauty Inc (NASDAQ:ULTA) – Analysts at Jefferies Financial Group decreased their Q4 2020 earnings per share (EPS) estimates for shares of Ulta Beauty in a research report issued on Friday, December 6th. Jefferies Financial Group analyst S. Wissink now forecasts that the specialty retailer will post earnings of $3.71 per share for the quarter, down from their previous estimate of $3.82. Jefferies Financial Group has a “Buy” rating and a $310.00 price objective on the stock. Jefferies Financial Group also issued estimates for Ulta Beauty’s Q2 2021 earnings at $3.29 EPS, Q3 2021 earnings at $2.65 EPS and Q4 2021 earnings at $4.31 EPS.
A number of other research analysts have also commented on the stock. Nomura boosted their price target on shares of Ulta Beauty from $215.00 to $230.00 and gave the company a “reduce” rating in a research report on Friday. Morgan Stanley cut shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $395.00 to $275.00 in a report on Friday, August 30th. BidaskClub upgraded Ulta Beauty from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 4th. Deutsche Bank started coverage on Ulta Beauty in a research note on Tuesday, December 3rd. They set a “buy” rating and a $285.00 price objective for the company. Finally, Guggenheim reduced their target price on Ulta Beauty from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $286.57.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.12. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.81%. Ulta Beauty’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $2.18 earnings per share.
In other news, Director Charles Heilbronn acquired 70,009 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average cost of $248.66 per share, with a total value of $17,408,437.94. Following the acquisition, the director now owns 60,368 shares in the company, valued at approximately $15,011,106.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary N. Dillon bought 1,300 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $237.17 per share, with a total value of $308,321.00. Following the transaction, 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. In the last three months, insiders purchased 186,567 shares of company stock worth $44,964,903. 4.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Bank of Australia boosted its stake in shares of 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 purchasing an additional 38 shares in the last quarter. Next Capital Management LLC grew its holdings in shares of Ulta Beauty by 206.7% during the 2nd quarter. Next Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. NEXT Financial Group Inc grew its holdings in shares of Ulta Beauty by 42.0% during the 2nd quarter. NEXT Financial Group Inc now owns 98 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 29 shares during the last quarter. Bell Rock Capital LLC purchased a new position in Ulta Beauty in the 2nd quarter worth $34,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in Ulta Beauty in the 3rd quarter worth $25,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
About Ulta Beauty
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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