Ulta Beauty Inc (NASDAQ:ULTA) – Piper Jaffray Companies lowered their Q2 2020 earnings per share (EPS) estimates for shares of Ulta Beauty in a research report issued on Thursday, April 18th. Piper Jaffray Companies analyst E. Murphy now anticipates that the specialty retailer will post earnings per share of $2.79 for the quarter, down from their previous forecast of $2.80. Piper Jaffray Companies has a “Overweight” rating and a $378.00 price target on the stock. Piper Jaffray Companies also issued estimates for Ulta Beauty’s FY2020 earnings at $12.80 EPS, Q2 2021 earnings at $3.31 EPS and FY2021 earnings at $15.10 EPS.

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

A number of other brokerages have also recently issued reports on ULTA. Robert W. Baird reaffirmed an “outperform” rating and issued a $395.00 price objective (up from $365.00) on shares of Ulta Beauty in a research note on Thursday. Morgan Stanley raised their price objective on shares of Ulta Beauty from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday. Loop Capital raised their price objective on shares of Ulta Beauty to $340.00 and gave the company a “hold” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $335.30.

Shares of ULTA traded down $3.45 during mid-day trading on Friday, hitting $350.88. 568,001 shares of the company traded hands, compared to its average volume of 763,705. Ulta Beauty has a one year low of $224.43 and a one year high of $359.69. The stock has a market capitalization of $20.63 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.02.

Several large investors have recently modified their holdings of ULTA. Bank of New York Mellon Corp raised its holdings in shares of Ulta Beauty by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 847,947 shares of the specialty retailer’s stock worth $239,223,000 after acquiring an additional 20,257 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of Ulta Beauty by 50.0% during the third quarter. First Republic Investment Management Inc. now owns 3,771 shares of the specialty retailer’s stock worth $1,063,000 after acquiring an additional 1,257 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Ulta Beauty by 24.6% during the third quarter. Pacer Advisors Inc. now owns 5,816 shares of the specialty retailer’s stock worth $1,641,000 after acquiring an additional 1,149 shares during the period. Putnam Investments LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth $212,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Ulta Beauty during the third quarter worth $328,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

In other news, Director Charles Heilbronn sold 161,890 shares of Ulta Beauty stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $335.01, for a total transaction of $54,234,768.90. Following the transaction, the director now directly owns 59,923 shares of the company’s stock, valued at $20,074,804.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey J. Childs sold 9,757 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $333.89, for a total transaction of $3,257,764.73. Following the transaction, the insider now directly owns 13,671 shares in the company, valued at $4,564,610.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,250 shares of company stock worth $143,394,373. Insiders own 5.60% of the company’s stock.

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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