Analysts expect that Ulta Beauty Inc (NASDAQ:ULTA) will post $2.77 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have provided estimates for Ulta Beauty’s earnings, with the highest EPS estimate coming in at $2.79 and the lowest estimate coming in at $2.75. Ulta Beauty posted earnings of $2.24 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.7%. The business is expected to issue its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Ulta Beauty will report full-year earnings of $8.43 per share for the current fiscal year, with EPS estimates ranging from $8.29 to $9.64. For the next fiscal year, analysts forecast that the business will report earnings of $9.80 per share, with EPS estimates ranging from $9.62 to $9.92. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Ulta Beauty.
Several brokerages recently issued reports on ULTA. Piper Jaffray Companies reiterated a “buy” rating and set a $260.00 price target on shares of Ulta Beauty in a research report on Sunday, October 1st. Robert W. Baird set a $295.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Sunday, October 1st. Royal Bank of Canada restated a “hold” rating on shares of Ulta Beauty in a research report on Wednesday, September 27th. Wells Fargo & Co set a $297.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Thursday. Finally, Cowen set a $246.00 target price on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $261.05.
Ulta Beauty (ULTA) opened at $237.32 on Friday. The stock has a market cap of $14,480.00, a PE ratio of 30.35, a P/E/G ratio of 1.43 and a beta of 0.55. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $314.86.
Several large investors have recently made changes to their positions in the stock. Covenant Asset Management LLC raised its position in shares of Ulta Beauty by 34.3% in the 4th quarter. Covenant Asset Management LLC now owns 4,782 shares of the specialty retailer’s stock valued at $1,070,000 after acquiring an additional 1,221 shares during the period. Stock Yards Bank & Trust Co. acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $6,512,000. Trust Co acquired a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $251,000. First American Trust FSB acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $2,869,000. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of Ulta Beauty by 353.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,083 shares of the specialty retailer’s stock valued at $913,000 after acquiring an additional 3,182 shares during the period. Institutional investors and hedge funds own 88.69% of the company’s stock.
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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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