Analysts expect Ulta Beauty Inc (NASDAQ:ULTA) to report earnings per share of $2.40 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Ulta Beauty’s earnings, with the highest EPS estimate coming in at $2.46 and the lowest estimate coming in at $2.37. Ulta Beauty reported earnings of $1.83 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 31.1%. The firm is scheduled to issue its next earnings results on Thursday, August 23rd.
On average, analysts expect that Ulta Beauty will report full-year earnings of $10.92 per share for the current fiscal year, with EPS estimates ranging from $10.78 to $11.07. For the next fiscal year, analysts forecast that the company will post earnings of $12.76 per share, with EPS estimates ranging from $12.30 to $12.96. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.22. Ulta Beauty had a net margin of 9.67% and a return on equity of 32.15%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis.
ULTA has been the subject of several research analyst reports. Piper Jaffray Companies set a $268.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Guggenheim upgraded shares of Ulta Beauty from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research report on Monday, April 16th. BidaskClub raised shares of Ulta Beauty from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Morgan Stanley reaffirmed a “buy” rating on shares of Ulta Beauty in a research note on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Ulta Beauty has an average rating of “Buy” and an average target price of $264.96.
Shares of Ulta Beauty traded down $0.59, hitting $249.76, during mid-day trading on Friday, according to MarketBeat.com. 760,449 shares of the company were exchanged, compared to its average volume of 1,223,239. Ulta Beauty has a 1-year low of $187.96 and a 1-year high of $291.56. The company has a market cap of $15.07 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.
Ulta Beauty announced that its board has authorized a stock repurchase plan on Thursday, March 15th that permits the company to repurchase $625.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Vanessa Ames Wittman sold 600 shares of the stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $249.94, for a total value of $149,964.00. Following the completion of the sale, the director now owns 2,785 shares of the company’s stock, valued at approximately $696,082.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Catherine Ann Halligan sold 400 shares of the stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $252.44, for a total transaction of $100,976.00. Following the completion of the sale, the director now directly owns 3,188 shares of the company’s stock, valued at approximately $804,778.72. The disclosure for this sale can be found here. In the last three months, insiders sold 118,218 shares of company stock valued at $28,152,651. Corporate insiders own 5.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Ulta Beauty by 3.9% in the 1st quarter. BlackRock Inc. now owns 5,358,580 shares of the specialty retailer’s stock valued at $1,094,597,000 after buying an additional 198,890 shares during the period. Alliancebernstein L.P. boosted its position in shares of Ulta Beauty by 10.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,125,037 shares of the specialty retailer’s stock worth $475,286,000 after purchasing an additional 197,666 shares during the period. Geode Capital Management LLC boosted its position in shares of Ulta Beauty by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 712,922 shares of the specialty retailer’s stock worth $159,156,000 after purchasing an additional 20,954 shares during the period. HS Management Partners LLC boosted its position in shares of Ulta Beauty by 208.7% during the 4th quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after purchasing an additional 472,850 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Ulta Beauty by 111.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock worth $132,385,000 after purchasing an additional 311,725 shares during the period. 90.07% of the stock is owned by institutional investors and hedge funds.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, and brow services; and others, including nail products and accessories.
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