Brokerages expect Ulta Beauty Inc (NASDAQ:ULTA) to report $1.94 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Ulta Beauty’s earnings. The lowest sales estimate is $1.92 billion and the highest is $1.95 billion. Ulta Beauty reported sales of $1.58 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 22.8%. The business is expected to announce its next earnings report after the market closes on Thursday, March 15th.
On average, analysts expect that Ulta Beauty will report full year sales of $1.94 billion for the current fiscal year, with estimates ranging from $5.87 billion to $5.90 billion. For the next year, analysts expect that the firm will report sales of $6.70 billion per share, with estimates ranging from $6.59 billion to $6.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Ulta Beauty.
A number of brokerages recently commented on ULTA. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 target price for the company in a research note on Monday, February 5th. Piper Jaffray Companies restated a “hold” rating and issued a $214.00 target price on shares of Ulta Beauty in a research note on Friday. Morgan Stanley set a $235.00 target price on Ulta Beauty and gave the company a “hold” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $270.00 price objective on shares of Ulta Beauty in a research note on Friday, December 1st. Finally, Vetr upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating and set a $254.50 price objective for the company in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the stock. Ulta Beauty has an average rating of “Buy” and an average target price of $260.42.
Large investors have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $153,000. ACG Wealth acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $216,000. Sapphire Star Partners LP acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $224,000. BancorpSouth Bank acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $230,000. Finally, Bluestein R H & Co. acquired a new stake in shares of Ulta Beauty in the fourth quarter valued at $233,000. Institutional investors own 90.79% of the company’s stock.
Shares of Ulta Beauty (NASDAQ ULTA) traded down $0.62 during midday trading on Wednesday, hitting $205.92. The company had a trading volume of 1,064,564 shares, compared to its average volume of 1,200,000. The firm has a market capitalization of $12,520.00, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86.
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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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