FY2018 Earnings Forecast for Ulta Beauty Inc. (ULTA) Issued By KeyCorp
Ulta Beauty Inc. (NASDAQ:ULTA) – KeyCorp reduced their FY2018 earnings per share estimates for Ulta Beauty in a research note issued on Monday. KeyCorp analyst J. Gere now expects that the specialty retailer will post earnings per share of $8.38 for the year, down from their prior forecast of $8.40. KeyCorp has a “Buy” rating and a $270.00 price target on the stock. KeyCorp also issued estimates for Ulta Beauty’s Q4 2018 earnings at $2.85 EPS, Q2 2019 earnings at $2.22 EPS, Q4 2019 earnings at $3.26 EPS and FY2019 earnings at $9.90 EPS.
Other equities analysts have also issued research reports about the company. Goldman Sachs Group, Inc. (The) raised Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a research report on Friday, July 14th. Zacks Investment Research raised Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 price target for the company in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $350.00 price target on shares of Ulta Beauty in a research report on Friday, July 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $330.00 price target on shares of Ulta Beauty in a research report on Tuesday, June 13th. Finally, Cowen and Company set a $336.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $279.96.
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Ulta Beauty (NASDAQ ULTA) traded up 0.01% during mid-day trading on Thursday, hitting $223.54. 212,220 shares of the stock traded hands. Ulta Beauty has a 52-week low of $204.01 and a 52-week high of $314.86. The firm’s 50-day moving average is $225.61 and its 200 day moving average is $266.59. The firm has a market cap of $13.73 billion, a P/E ratio of 29.76 and a beta of 0.57.
Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 prior year, the business posted $1.43 EPS. The business’s revenue was up 20.7% compared to the same quarter last year.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the purchase, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in shares of Ulta Beauty by 11.2% during the 1st quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 40 shares during the period. Sun Life Financial INC grew its stake in shares of Ulta Beauty by 4,655.6% during the 2nd quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 419 shares during the period. FNY Partners Fund LP bought a new stake in shares of Ulta Beauty during the 1st quarter valued at about $142,000. Lazard Asset Management LLC bought a new stake in shares of Ulta Beauty during the 2nd quarter valued at about $157,000. Finally, QS Investors LLC grew its stake in shares of Ulta Beauty by 0.8% during the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6 shares during the period. Institutional investors and hedge funds own 87.91% of the company’s stock.
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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