$1.72 Earnings Per Share Expected for Ulta Beauty, Inc. (NASDAQ:ULTA) This Quarter

Equities research analysts expect that Ulta Beauty, Inc. (NASDAQ:ULTA) will announce earnings per share (EPS) of $1.72 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $1.26 to $2.13. Ulta Beauty posted earnings of ($1.12) per share during the same quarter last year, which suggests a positive year over year growth rate of 253.6%. The firm is expected to announce its next earnings results on Thursday, May 27th.

According to Zacks, analysts expect that Ulta Beauty will report full year earnings of $9.60 per share for the current financial year, with EPS estimates ranging from $8.85 to $11.09. For the next financial year, analysts expect that the business will report earnings of $11.91 per share, with EPS estimates ranging from $10.15 to $13.94. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Wednesday, March 10th. The specialty retailer reported $3.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $1.14. Ulta Beauty had a return on equity of 15.94% and a net margin of 3.63%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $3.89 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis.

ULTA has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Ulta Beauty from $286.00 to $319.00 and gave the company a “buy” rating in a research report on Thursday, December 10th. Morgan Stanley lifted their target price on Ulta Beauty from $270.00 to $305.00 and gave the company an “equal weight” rating in a research report on Monday, March 22nd. Piper Sandler lifted their target price on Ulta Beauty from $350.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, March 17th. Argus lifted their target price on Ulta Beauty from $295.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Ulta Beauty from $376.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 15th. Nine equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $310.08.

In other news, Director Charles Heilbronn sold 226,791 shares of Ulta Beauty stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $304.23, for a total value of $68,996,625.93. Following the completion of the sale, the director now directly owns 60,963 shares in the company, valued at $18,546,773.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lorna Nagler sold 4,000 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $315.90, for a total transaction of $1,263,600.00. Following the completion of the sale, the director now owns 10,963 shares of the company’s stock, valued at $3,463,211.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 496,148 shares of company stock valued at $151,602,430. 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 company. Brown Advisory Inc. raised its position in shares of Ulta Beauty by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 27,927 shares of the specialty retailer’s stock valued at $8,020,000 after buying an additional 1,087 shares in the last quarter. Mitchell Capital Management Co. acquired a new position in Ulta Beauty during the fourth quarter valued at approximately $2,778,000. Sei Investments Co. lifted its stake in Ulta Beauty by 30.4% during the third quarter. Sei Investments Co. now owns 82,889 shares of the specialty retailer’s stock worth $18,564,000 after purchasing an additional 19,342 shares during the last quarter. TIAA FSB acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $7,244,000. Finally, Fagan Associates Inc. acquired a new stake in shares of Ulta Beauty in the 4th quarter valued at $3,986,000. Institutional investors own 86.83% of the company’s stock.

Shares of ULTA traded up $2.67 during midday trading on Monday, hitting $318.78. The stock had a trading volume of 16,122 shares, compared to its average volume of 824,447. The company has a 50 day simple moving average of $321.54 and a two-hundred day simple moving average of $278.70. Ulta Beauty has a twelve month low of $186.01 and a twelve month high of $351.00. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 79.83, a price-to-earnings-growth ratio of 6.44 and a beta of 1.73.

About Ulta Beauty

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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