Brokers Set Expectations for Ulta Beauty Inc.’s Q1 2019 Earnings (ULTA)
Ulta Beauty Inc. (NASDAQ:ULTA) – Investment analysts at KeyCorp cut their Q1 2019 EPS estimates for shares of Ulta Beauty in a report issued on Monday. KeyCorp analyst J. Gere now anticipates that the specialty retailer will post earnings of $2.35 per share for the quarter, down from their previous estimate of $2.36. KeyCorp has a “Buy” rating and a $270.00 price target on the stock. KeyCorp also issued estimates for Ulta Beauty’s Q3 2019 earnings at $2.07 EPS.
A number of other research analysts have also commented on ULTA. Piper Jaffray Companies reiterated a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research note on Tuesday, June 13th. Guggenheim started coverage on shares of Ulta Beauty in a research note on Tuesday, June 13th. They issued a “neutral” rating on the stock. BidaskClub lowered shares of Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Deutsche Bank AG reiterated a “hold” rating and issued a $300.00 price target on shares of Ulta Beauty in a research note on Monday, June 26th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $290.00 price target on shares of Ulta Beauty in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Hold” and a consensus target price of $279.96.
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Shares of Ulta Beauty (NASDAQ ULTA) traded down 0.318% during trading on Wednesday, hitting $222.809. 331,292 shares of the stock traded hands. Ulta Beauty has a 1-year low of $204.01 and a 1-year high of $314.86. The firm has a 50-day moving average of $225.61 and a 200-day moving average of $266.59. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 29.660 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after buying an additional 40 shares during the last quarter. Sun Life Financial INC raised its stake in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after buying an additional 419 shares during the last quarter. FNY Partners Fund LP bought a new position in Ulta Beauty during the first quarter worth $142,000. Lazard Asset Management LLC bought a new position in Ulta Beauty during the second quarter worth $157,000. Finally, QS Investors LLC raised its stake in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after buying an additional 6 shares during the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.
In other Ulta Beauty news, Director Michael R. Macdonald purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the purchase, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.
About Ulta Beauty
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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