Wall Street analysts expect Ulta Beauty Inc (NASDAQ:ULTA) to announce $2.29 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Ulta Beauty’s earnings. The lowest sales estimate is $2.25 billion and the highest is $2.30 billion. Ulta Beauty reported sales of $2.12 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8%. The business is scheduled to issue its next earnings results after the market closes on Thursday, March 12th.

According to Zacks, analysts expect that Ulta Beauty will report full year sales of $7.38 billion for the current financial year, with estimates ranging from $7.35 billion to $7.41 billion. For the next year, analysts expect that the company will post sales of $8.01 billion, with estimates ranging from $7.90 billion to $8.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last announced its earnings results on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.12. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.91%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. Ulta Beauty’s revenue was up 7.9% compared to the same quarter last year.

A number of equities analysts recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Ulta Beauty in a research report on Tuesday, December 3rd. They set a “buy” rating and a $285.00 target price on the stock. Piper Jaffray Companies dropped their target price on shares of Ulta Beauty from $250.00 to $228.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Goldman Sachs Group raised shares of Ulta Beauty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $285.00 to $307.00 in a research report on Monday, February 3rd. BMO Capital Markets assumed coverage on shares of Ulta Beauty in a research report on Monday, February 3rd. They set a “market perform” rating and a $285.00 target price on the stock. Finally, Cowen reaffirmed a “buy” rating and set a $300.00 target price on shares of Ulta Beauty in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and a consensus target price of $287.70.

In related news, insider Jeffrey J. Childs sold 3,031 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $252.20, for a total transaction of $764,418.20. Following the transaction, the insider now owns 10,333 shares in the company, valued at approximately $2,605,982.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ULTA. Sterling Investment Advisors Ltd. acquired a new position in Ulta Beauty during the 3rd quarter valued at about $25,000. San Francisco Sentry Investment Group CA lifted its position in Ulta Beauty by 3,900.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 120 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 117 shares during the period. Whittier Trust Co. lifted its position in Ulta Beauty by 4,100.0% during the 4th quarter. Whittier Trust Co. now owns 126 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 123 shares during the period. Quantbot Technologies LP acquired a new position in Ulta Beauty during the 4th quarter valued at about $32,000. Finally, Ironwood Financial llc lifted its position in Ulta Beauty by 2,316.7% during the 4th quarter. Ironwood Financial llc now owns 145 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 89.69% of the company’s stock.

ULTA stock traded down $2.52 on Tuesday, reaching $294.57. 450,004 shares of the company were exchanged, compared to its average volume of 990,245. Ulta Beauty has a 12 month low of $222.00 and a 12 month high of $368.83. The stock’s fifty day moving average price is $270.68 and its 200 day moving average price is $264.63. The firm has a market capitalization of $16.79 billion, a PE ratio of 24.80, a PEG ratio of 1.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.67 and a quick ratio of 0.38.

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.

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

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