Ulta Beauty Inc (NASDAQ:ULTA) – Investment analysts at William Blair issued their Q1 2021 earnings per share (EPS) estimates for shares of Ulta Beauty in a note issued to investors on Monday, May 20th. William Blair analyst D. Hofkin expects that the specialty retailer will earn $3.59 per share for the quarter. William Blair also issued estimates for Ulta Beauty’s Q2 2021 earnings at $3.35 EPS, Q3 2021 earnings at $3.12 EPS and Q4 2021 earnings at $4.96 EPS.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, beating the consensus estimate of $3.56 by $0.05. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 EPS.
ULTA has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Loop Capital lifted their price target on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a report on Monday, March 4th. Jefferies Financial Group boosted their target price on Ulta Beauty from $335.00 to $357.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Robert W. Baird reiterated an “outperform” rating and set a $395.00 target price (up previously from $365.00) on shares of Ulta Beauty in a report on Thursday, April 18th. Finally, BidaskClub upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Six research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $343.29.
ULTA opened at $353.16 on Tuesday. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. Ulta Beauty has a 12 month low of $224.43 and a 12 month high of $359.69.
In related news, insider David C. Kimbell sold 15,452 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $333.50, for a total transaction of $5,153,242.00. Following the transaction, the insider now directly owns 13,716 shares of the company’s stock, valued at approximately $4,574,286. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis K. Eck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $352.83, for a total value of $3,528,300.00. Following the transaction, the director now directly owns 220,000 shares in the company, valued at $77,622,600. The disclosure for this sale can be found here. Insiders have sold a total of 426,250 shares of company stock worth $143,394,373 over the last three months. 5.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dixon Hubard Feinour & Brown Inc. VA lifted its position in Ulta Beauty by 5.1% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 14,199 shares of the specialty retailer’s stock worth $4,952,000 after acquiring an additional 687 shares in the last quarter. Horizon Investments LLC acquired a new position in Ulta Beauty during the 1st quarter worth approximately $214,000. FMR LLC raised its position in shares of Ulta Beauty by 15.3% in the 1st quarter. FMR LLC now owns 2,262,297 shares of the specialty retailer’s stock valued at $788,932,000 after purchasing an additional 300,904 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Ulta Beauty in the 1st quarter valued at approximately $277,000. Finally, Kore Private Wealth LLC acquired a new position in shares of Ulta Beauty in the 1st quarter valued at approximately $39,000. 92.55% of the stock is currently owned by hedge funds and other institutional investors.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
Further Reading: P/E Growth (PEG)
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