Zacks: Brokerages Anticipate Ulta Beauty Inc. (ULTA) to Announce $1.78 EPS
Wall Street analysts predict that Ulta Beauty Inc. (NASDAQ:ULTA) will report $1.78 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Ulta Beauty’s earnings, with the highest EPS estimate coming in at $1.83 and the lowest estimate coming in at $1.75. Ulta Beauty reported earnings per share of $1.43 in the same quarter last year, which suggests a positive year-over-year growth rate of 24.5%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, August 24th.
According to Zacks, analysts expect that Ulta Beauty will report full-year earnings of $8.28 per share for the current year, with EPS estimates ranging from $8.00 to $8.46. For the next financial year, analysts expect that the company will post earnings of $9.85 per share, with EPS estimates ranging from $9.60 to $10.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Ulta Beauty had a net margin of 8.75% and a return on equity of 28.91%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 earnings per share.
Several analysts recently commented on ULTA shares. Jefferies Group LLC set a $266.00 price objective on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Thursday, April 27th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $314.00 price objective on shares of Ulta Beauty in a research note on Monday, May 1st. Royal Bank Of Canada reiterated a “hold” rating on shares of Ulta Beauty in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research report on Wednesday, May 10th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $330.00 target price (up previously from $315.00) on shares of Ulta Beauty in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Ulta Beauty currently has an average rating of “Hold” and an average target price of $319.05.
Shares of Ulta Beauty (NASDAQ:ULTA) traded up 1.15% on Friday, hitting $244.20. 814,120 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $256.00 and its 200 day moving average price is $278.55. Ulta Beauty has a 12-month low of $225.13 and a 12-month high of $314.86. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 34.29 and a beta of 0.57.
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In related news, Director Robert F. Diromualdo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $309.05, for a total value of $6,181,000.00. Following the completion of the sale, the director now directly owns 4,717 shares in the company, valued at $1,457,788.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total transaction of $156,180.00. Following the completion of the sale, the director now owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in ULTA. Fifth Third Bancorp increased its stake in Ulta Beauty by 11.2% in the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in Ulta Beauty during the first quarter worth about $120,000. Sun Life Financial INC increased its stake in Ulta Beauty by 4,655.6% in the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the last quarter. FNY Partners Fund LP bought a new stake in Ulta Beauty during the first quarter worth about $142,000. Finally, Lazard Asset Management LLC bought a new stake in Ulta Beauty during the second quarter worth about $157,000. Hedge funds and other institutional investors own 85.68% of the company’s stock.
About Ulta Beauty
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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