Wall Street analysts expect Ulta Beauty, Inc. (NASDAQ:ULTA) to announce $2.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $2.00 billion to $2.08 billion. Ulta Beauty posted sales of $2.31 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 11.7%. The firm is expected to issue its next quarterly earnings results on Thursday, March 11th.
According to Zacks, analysts expect that Ulta Beauty will report full year sales of $5.99 billion for the current financial year, with estimates ranging from $5.94 billion to $6.03 billion. For the next financial year, analysts expect that the business will post sales of $7.31 billion, with estimates ranging from $6.80 billion to $7.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Wednesday, December 2nd. The specialty retailer reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.15. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Ulta Beauty had a return on equity of 15.94% and a net margin of 3.63%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.25 earnings per share.
A number of analysts recently issued reports on ULTA shares. Citigroup cut Ulta Beauty from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $290.00 to $320.00 in a research report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Ulta Beauty in a research report on Friday, December 4th. Wells Fargo & Company boosted their price target on Ulta Beauty from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 21st. Credit Suisse Group reduced their price target on Ulta Beauty from $310.00 to $308.00 and set an “outperform” rating for the company in a research report on Friday, December 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Ulta Beauty from $284.00 to $312.00 and gave the stock a “buy” rating in a research report on Friday, December 4th. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $280.15.
ULTA traded down $8.28 during trading on Wednesday, reaching $287.44. 693,533 shares of the stock traded hands, compared to its average volume of 718,115. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 72.59, a price-to-earnings-growth ratio of 6.44 and a beta of 1.73. Ulta Beauty has a fifty-two week low of $124.05 and a fifty-two week high of $310.49. The stock’s 50-day simple moving average is $283.19 and its two-hundred day simple moving average is $243.88.
In related news, Director Lorna Nagler sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $271.67, for a total transaction of $1,358,350.00. Following the transaction, the director now directly owns 11,963 shares in the company, valued at $3,249,988.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jodi J. Caro sold 4,371 shares of the business’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $273.45, for a total value of $1,195,249.95. Following the transaction, the insider now owns 6,873 shares in the company, valued at $1,879,421.85. The disclosure for this sale can be found here. Insiders have sold 86,371 shares of company stock worth $23,159,150 over the last 90 days. Corporate insiders own 4.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $25,000. Harvest Fund Management Co. Ltd acquired a new stake in Ulta Beauty during the third quarter valued at approximately $31,000. Simon Quick Advisors LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $45,000. Prime Capital Investment Advisors LLC boosted its holdings in Ulta Beauty by 70.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 170 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 70 shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new stake in Ulta Beauty during the third quarter valued at approximately $45,000. 86.83% of the stock is currently owned by 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; professional hair products; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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