Brokerages Expect Ulta Beauty, Inc. (NASDAQ:ULTA) Will Announce Quarterly Sales of $1.90 Billion

Equities research analysts expect that Ulta Beauty, Inc. (NASDAQ:ULTA) will announce sales of $1.90 billion for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $1.86 billion to $1.93 billion. Ulta Beauty reported sales of $1.55 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 22.6%. The company is expected to issue its next earnings results after the market closes on Thursday, December 2nd.

According to Zacks, analysts expect that Ulta Beauty will report full-year sales of $8.37 billion for the current fiscal year, with estimates ranging from $8.26 billion to $8.51 billion. For the next year, analysts forecast that the firm will report sales of $9.04 billion, with estimates ranging from $8.80 billion to $9.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, August 24th. The specialty retailer reported $4.56 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $0.73 EPS. Ulta Beauty’s revenue for the quarter was up 60.2% on a year-over-year basis.

A number of brokerages have recently issued reports on ULTA. Wells Fargo & Company downgraded Ulta Beauty from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $430.00 to $425.00 in a research report on Friday, August 27th. Deutsche Bank Aktiengesellschaft lifted their target price on Ulta Beauty from $478.00 to $483.00 and gave the company a “buy” rating in a research report on Thursday, October 14th. Bank of America cut their target price on Ulta Beauty from $430.00 to $400.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 20th. Citigroup lifted their price target on Ulta Beauty from $360.00 to $410.00 and gave the stock a “neutral” rating in a report on Thursday, August 26th. Finally, UBS Group lifted their price target on Ulta Beauty from $415.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, August 26th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ulta Beauty presently has a consensus rating of “Buy” and a consensus target price of $413.00.

In other Ulta Beauty news, insider Jeffrey J. Childs sold 8,699 shares of the company’s stock in a transaction dated Wednesday, September 22nd. The shares were sold at an average price of $370.14, for a total value of $3,219,847.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in Ulta Beauty by 0.6% in the 3rd quarter. Comerica Bank now owns 17,046 shares of the specialty retailer’s stock valued at $6,332,000 after acquiring an additional 106 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $336,000. Gyon Technologies Capital Management LP purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $288,000. National Pension Service grew its stake in shares of Ulta Beauty by 7.8% in the 3rd quarter. National Pension Service now owns 93,910 shares of the specialty retailer’s stock valued at $33,894,000 after buying an additional 6,784 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Ulta Beauty in the 3rd quarter valued at approximately $505,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.

Shares of ULTA stock traded up $0.63 on Friday, hitting $409.56. 367,971 shares of the company’s stock were exchanged, compared to its average volume of 717,720. Ulta Beauty has a 12 month low of $258.00 and a 12 month high of $417.85. The stock has a market cap of $22.26 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.02 and a beta of 1.67. The company has a 50 day moving average of $383.60 and a 200 day moving average of $360.23.

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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