Ulta Beauty Inc (ULTA) Expected to Announce Earnings of $2.79 Per Share
Analysts predict that Ulta Beauty Inc (NASDAQ:ULTA) will report earnings per share of $2.79 for the current quarter, Zacks reports. Nine analysts have made estimates for Ulta Beauty’s earnings. The highest EPS estimate is $3.00 and the lowest is $2.75. Ulta Beauty posted earnings of $2.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 24.6%. The business is expected to issue its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Ulta Beauty will report full year earnings of $8.35 per share for the current fiscal year, with EPS estimates ranging from $8.29 to $8.57. For the next fiscal year, analysts forecast that the firm will post earnings of $10.09 per share, with EPS estimates ranging from $9.62 to $12.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.03. Ulta Beauty had a return on equity of 29.64% and a net margin of 8.82%.
Several equities research analysts have recently commented on the company. Wolfe Research reaffirmed an “outperform” rating on shares of Ulta Beauty in a report on Friday, September 22nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of Ulta Beauty in a report on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $260.00 target price on shares of Ulta Beauty in a report on Sunday, October 1st. Robert W. Baird set a $295.00 target price on Ulta Beauty and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, KeyCorp reaffirmed a “buy” rating and set a $270.00 target price (down from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $261.53.
Large investors have recently bought and sold shares of the stock. Sun Life Financial INC increased its position in Ulta Beauty by 4,655.6% in the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 419 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Ulta Beauty in the 2nd quarter worth about $157,000. QS Investors LLC increased its position in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares during the last quarter. Cypress Capital Group acquired a new position in Ulta Beauty in the 2nd quarter worth about $218,000. Finally, QCM Cayman Ltd. acquired a new position in Ulta Beauty in the 2nd quarter worth about $248,000. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ulta Beauty (NASDAQ ULTA) traded up $1.57 during trading on Friday, hitting $238.69. The stock had a trading volume of 1,360,000 shares, compared to its average volume of 1,400,000. The firm has a market capitalization of $14,560.00, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 1.46 and a beta of 0.55. Ulta Beauty has a twelve month low of $187.96 and a twelve month high of $314.86.
Ulta Beauty Company Profile
Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.
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