Ulta Beauty Inc. Forecasted to Post Q3 2018 Earnings of $1.68 Per Share (ULTA)
Ulta Beauty Inc. (NASDAQ:ULTA) – Analysts at William Blair boosted their Q3 2018 EPS estimates for Ulta Beauty in a report released on Friday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings of $1.68 per share for the quarter, up from their previous estimate of $1.65. William Blair also issued estimates for Ulta Beauty’s Q4 2018 earnings at $2.81 EPS, FY2018 earnings at $8.36 EPS and FY2019 earnings at $9.84 EPS.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly 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 period in the previous year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Companies set a $333.00 price objective on Ulta Beauty and gave the company a “buy” rating in a research note on Saturday, May 27th. Buckingham Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $325.00 to $330.00 in a research note on Friday, May 26th. Royal Bank Of Canada set a $310.00 price objective on Ulta Beauty and gave the company a “hold” rating in a research note on Sunday, May 28th. Robert W. Baird set a $325.00 price objective on Ulta Beauty and gave the company an “outperform” rating in a research note on Thursday, May 25th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $360.00 price objective (up previously from $320.00) on shares of Ulta Beauty in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $285.52.
Shares of Ulta Beauty (NASDAQ ULTA) traded up 0.4439% during mid-day trading on Monday, hitting $212.7201. 260,464 shares of the stock were exchanged. Ulta Beauty has a 52-week low of $208.25 and a 52-week high of $314.86. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 28.3174 and a beta of 0.57. The stock has a 50-day moving average price of $249.47 and a 200 day moving average price of $277.02.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Ulta Beauty by 11.2% in 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 increased its stake in Ulta Beauty by 4,655.6% in 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 purchased a new stake in Ulta Beauty during the first quarter worth approximately $142,000. Lazard Asset Management LLC purchased a new stake in Ulta Beauty during the second quarter worth approximately $157,000. Finally, NEXT Financial Group Inc increased its stake in Ulta Beauty by 18.0% in the first quarter. NEXT Financial Group Inc now owns 565 shares of the specialty retailer’s stock worth $159,000 after buying an additional 86 shares during the last quarter. 87.15% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the transaction, the director now owns 4,717 shares of the company’s stock, valued at $1,457,788.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $312.36, for a total value of $156,180.00. Following the transaction, the director now directly owns 4,126 shares in the company, valued at approximately $1,288,797.36. The disclosure for this sale can be found here. Corporate insiders own 5.20% 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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