$1.34 Billion in Sales Expected for Ulta Beauty Inc. (ULTA) This Quarter
Wall Street brokerages expect Ulta Beauty Inc. (NASDAQ:ULTA) to announce $1.34 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $1.32 billion to $1.36 billion. Ulta Beauty posted sales of $1.13 billion during the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The business is expected to announce its next quarterly earnings results on Thursday, December 7th.
On average, analysts expect that Ulta Beauty will report full year sales of $1.34 billion for the current fiscal year, with estimates ranging from $5.75 billion to $5.92 billion. For the next year, analysts anticipate that the business will report sales of $6.71 billion per share, with estimates ranging from $6.60 billion to $6.88 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis.
Several analysts have issued reports on the stock. Royal Bank Of Canada set a $310.00 target price on shares of Ulta Beauty and gave the company a “hold” rating in a research note on Sunday, May 28th. Zacks Investment Research downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings Inc. downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $330.00 to $270.00 in a research note on Tuesday, August 8th. Cowen and Company set a $336.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies set a $333.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Saturday, May 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $281.63.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Ulta Beauty by 3.1% during the second quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock valued at $1,648,774,000 after acquiring an additional 173,627 shares during the period. BlackRock Inc. boosted its holdings in Ulta Beauty by 6.2% during the second quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after acquiring an additional 247,992 shares during the period. Jennison Associates LLC boosted its holdings in Ulta Beauty by 9.1% during the second quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after acquiring an additional 205,289 shares during the period. JPMorgan Chase & Co. boosted its holdings in Ulta Beauty by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after acquiring an additional 83,081 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Ulta Beauty by 31.9% during the second quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after acquiring an additional 317,441 shares during the period. Institutional investors own 87.16% of the company’s stock.
Ulta Beauty (ULTA) opened at 226.98 on Friday. Ulta Beauty has a one year low of $204.01 and a one year high of $314.86. The firm has a market cap of $14.06 billion, a PE ratio of 30.22 and a beta of 0.57. The company has a 50-day moving average price of $238.80 and a 200-day moving average price of $273.71.
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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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