Ulta Beauty Inc (NASDAQ:ULTA) – Research analysts at Piper Jaffray Companies reduced their Q1 2020 earnings estimates for Ulta Beauty in a research note issued to investors on Friday, March 15th. Piper Jaffray Companies analyst E. Murphy now forecasts that the specialty retailer will earn $3.00 per share for the quarter, down from their previous forecast of $3.11. Piper Jaffray Companies currently has a “Positive” rating and a $318.00 target price on the stock. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q2 2020 earnings at $2.80 EPS, Q3 2020 earnings at $2.67 EPS, Q1 2021 earnings at $3.56 EPS, Q2 2021 earnings at $3.34 EPS and Q3 2021 earnings at $3.16 EPS.

Ulta Beauty (NASDAQ:ULTA) last posted its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 EPS for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on ULTA. Loop Capital boosted their price target on Ulta Beauty to $340.00 and gave the company a “hold” rating in a research report on Monday. They noted that the move was a valuation call. Credit Suisse Group boosted their price target on Ulta Beauty to $380.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Morgan Stanley boosted their price target on Ulta Beauty from $330.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday. ValuEngine cut Ulta Beauty from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Wells Fargo & Co boosted their price target on Ulta Beauty from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Ulta Beauty presently has a consensus rating of “Buy” and a consensus target price of $317.05.

ULTA opened at $334.45 on Monday. Ulta Beauty has a one year low of $199.15 and a one year high of $345.24. The stock has a market cap of $20.30 billion, a PE ratio of 30.82, a PEG ratio of 1.44 and a beta of 1.01.

Institutional investors and hedge funds have recently made changes to their positions in the business. Rational Advisors LLC boosted its holdings in Ulta Beauty by 1,247.7% in the 4th quarter. Rational Advisors LLC now owns 5,000 shares of the specialty retailer’s stock valued at $1,224,000 after purchasing an additional 4,629 shares in the last quarter. Bath Savings Trust Co boosted its stake in shares of Ulta Beauty by 6.0% during the 4th quarter. Bath Savings Trust Co now owns 7,155 shares of the specialty retailer’s stock worth $1,752,000 after acquiring an additional 404 shares in the last quarter. Hendershot Investments Inc. boosted its stake in shares of Ulta Beauty by 63.8% during the 4th quarter. Hendershot Investments Inc. now owns 12,244 shares of the specialty retailer’s stock worth $2,998,000 after acquiring an additional 4,769 shares in the last quarter. Pennsylvania Trust Co boosted its stake in shares of Ulta Beauty by 33.2% during the 4th quarter. Pennsylvania Trust Co now owns 4,933 shares of the specialty retailer’s stock worth $1,208,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC boosted its stake in shares of Ulta Beauty by 232.9% during the 3rd quarter. Worldquant Millennium Quantitative Strategies LLC now owns 58,359 shares of the specialty retailer’s stock worth $16,464,000 after acquiring an additional 40,827 shares in the last quarter. 89.34% of the stock is currently owned by institutional investors.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, haircare and skincare products, bath and body products, and salon styling tools; salon services, including hair, skin, 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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