Zacks: Brokerages Anticipate Ulta Beauty Inc. (ULTA) Will Announce Quarterly Sales of $1.34 Billion
Wall Street brokerages forecast that Ulta Beauty Inc. (NASDAQ:ULTA) will post $1.34 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Ulta Beauty’s earnings, with the highest sales estimate coming in at $1.36 billion and the lowest estimate coming in at $1.32 billion. Ulta Beauty reported sales of $1.13 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, November 30th.
On average, analysts expect that Ulta Beauty will report full-year sales of $1.34 billion for the current financial year, with estimates ranging from $5.75 billion to $5.92 billion. For the next financial year, analysts anticipate that the business will report sales of $6.70 billion per share, with estimates ranging from $6.59 billion to $6.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue was up 20.7% on a year-over-year basis.
A number of research analysts have recently issued reports on ULTA shares. BidaskClub lowered Ulta Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price on the stock in a research report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of Ulta Beauty in a research report on Friday, July 14th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $330.00 target price on shares of Ulta Beauty in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Ulta Beauty presently has an average rating of “Hold” and a consensus target price of $274.11.
In other Ulta Beauty news, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, with a total value of $24,965,211.69. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The disclosure for this purchase can be found here. 5.20% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of Ulta Beauty by 34.8% during the 3rd quarter. Alps Advisors Inc. now owns 2,613 shares of the specialty retailer’s stock worth $591,000 after purchasing an additional 674 shares during the last quarter. Pitcairn Co. acquired a new position in Ulta Beauty in the 3rd quarter valued at about $576,000. Swiss National Bank grew its position in Ulta Beauty by 0.5% in the 3rd quarter. Swiss National Bank now owns 217,200 shares of the specialty retailer’s stock valued at $49,100,000 after acquiring an additional 1,100 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Ulta Beauty by 196.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,706 shares of the specialty retailer’s stock valued at $1,968,000 after acquiring an additional 5,766 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt acquired a new position in Ulta Beauty in the 3rd quarter valued at about $83,642,000. 87.37% of the stock is owned by hedge funds and other institutional investors.
Ulta Beauty (NASDAQ ULTA) opened at $202.05 on Friday. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86. The stock has a market capitalization of $12,412.13, a P/E ratio of 27.38, a PEG ratio of 1.25 and a beta of 0.51.
Ulta Beauty Company Profile
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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