Ulta Beauty Inc. (ULTA) Expected to Announce Quarterly Sales of $1.34 Billion
Brokerages expect Ulta Beauty Inc. (NASDAQ:ULTA) to post sales of $1.34 billion for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Ulta Beauty’s earnings, with the highest sales estimate coming in at $1.36 billion and the lowest estimate coming in at $1.32 billion. Ulta Beauty reported sales of $1.13 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The firm is expected to report its next earnings report on Thursday, December 7th.
On average, analysts expect that Ulta Beauty will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $5.75 billion to $5.92 billion. For the next financial year, analysts forecast that the company will post sales of $6.70 billion per share, with estimates ranging from $6.59 billion to $6.83 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last announced 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. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. Ulta Beauty’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS.
Several brokerages have recently commented on ULTA. Piper Jaffray Companies downgraded shares of Ulta Beauty from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Wednesday. Zacks Investment Research downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $330.00 to $270.00 in a research note on Tuesday, August 8th. Jefferies Group LLC set a $350.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Robert W. Baird set a $295.00 price objective on shares of Ulta Beauty and gave the company a “buy” rating in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $273.70.
Shares of Ulta Beauty (NASDAQ ULTA) traded up 0.11% on Tuesday, reaching $204.84. The company had a trading volume of 1,114,706 shares. The company’s 50-day moving average is $218.76 and its 200-day moving average is $260.66. The company has a market capitalization of $12.58 billion, a PE ratio of 27.27 and a beta of 0.57. Ulta Beauty has a one year low of $187.96 and a one year high of $314.86.
In other news, Director Michael R. Macdonald purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the acquisition, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles Heilbronn purchased 127,889 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. QS Investors LLC grew its holdings in shares of Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 6 shares during the last quarter. Balasa Dinverno & Foltz LLC grew its holdings in shares of Ulta Beauty by 1.0% during the second quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock valued at $287,000 after buying an additional 10 shares during the last quarter. Wendell David Associates Inc. grew its holdings in shares of Ulta Beauty by 1.3% during the second quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock valued at $371,000 after buying an additional 16 shares during the last quarter. Chase Investment Counsel Corp grew its holdings in shares of Ulta Beauty by 1.1% during the second quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock valued at $483,000 after buying an additional 18 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its holdings in shares of Ulta Beauty by 0.7% during the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock valued at $1,047,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
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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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