Brokerages Anticipate Ulta Beauty, Inc. (NASDAQ:ULTA) to Announce $2.38 EPS

Wall Street brokerages expect Ulta Beauty, Inc. (NASDAQ:ULTA) to announce earnings of $2.38 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Ulta Beauty’s earnings, with the lowest EPS estimate coming in at $2.07 and the highest estimate coming in at $2.74. Ulta Beauty reported earnings per share of $1.64 during the same quarter last year, which indicates a positive year over year growth rate of 45.1%. The company is expected to announce its next earnings results on Thursday, December 2nd.

According to Zacks, analysts expect that Ulta Beauty will report full year earnings of $15.04 per share for the current fiscal year, with EPS estimates ranging from $14.57 to $15.63. For the next year, analysts anticipate that the business will report earnings of $16.66 per share, with EPS estimates ranging from $14.15 to $17.42. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results on Tuesday, August 24th. The specialty retailer reported $4.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $2.00. Ulta Beauty had a return on equity of 40.49% and a net margin of 9.50%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The business’s revenue was up 60.2% compared to the same quarter last year.

A number of equities analysts have recently issued reports on ULTA shares. Morgan Stanley increased their price target on Ulta Beauty from $350.00 to $430.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 26th. Stifel Nicolaus upped their price objective on Ulta Beauty from $330.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday, August 18th. Loop Capital restated a “hold” rating and set a $400.00 price objective on shares of Ulta Beauty in a research note on Friday, September 17th. Oppenheimer upped their price objective on Ulta Beauty from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, August 26th. Finally, Cowen upped their price objective on Ulta Beauty from $385.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, August 26th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $401.00.

In related news, insider Jeffrey J. Childs sold 8,699 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, September 22nd. The stock was sold at an average price of $370.14, for a total transaction of $3,219,847.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Macdonald sold 5,700 shares of Ulta Beauty stock in a transaction that occurred on Thursday, August 5th. The stock was sold at an average price of $350.04, for a total value of $1,995,228.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. BancorpSouth Bank raised its position in Ulta Beauty by 2.0% in the second quarter. BancorpSouth Bank now owns 1,373 shares of the specialty retailer’s stock valued at $475,000 after purchasing an additional 27 shares during the period. MACRO Consulting Group grew its stake in shares of Ulta Beauty by 2.2% in the second quarter. MACRO Consulting Group now owns 1,291 shares of the specialty retailer’s stock valued at $444,000 after buying an additional 28 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Ulta Beauty by 14.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 241 shares of the specialty retailer’s stock valued at $83,000 after buying an additional 31 shares in the last quarter. Wambolt & Associates LLC grew its stake in shares of Ulta Beauty by 2.0% in the second quarter. Wambolt & Associates LLC now owns 1,651 shares of the specialty retailer’s stock valued at $576,000 after buying an additional 33 shares in the last quarter. Finally, Eqis Capital Management Inc. grew its stake in shares of Ulta Beauty by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 6,989 shares of the specialty retailer’s stock valued at $2,417,000 after buying an additional 35 shares in the last quarter. Institutional investors own 88.11% of the company’s stock.

Shares of ULTA traded down $0.35 during midday trading on Wednesday, reaching $381.78. 15,674 shares of the stock were exchanged, compared to its average volume of 721,896. Ulta Beauty has a 52 week low of $200.50 and a 52 week high of $414.98. The company’s 50 day moving average is $364.61 and its two-hundred day moving average is $340.90. The company has a market capitalization of $20.75 billion, a P/E ratio of 29.37, a PEG ratio of 1.51 and a beta of 1.71.

Ulta Beauty Company Profile

Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.

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Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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