Ulta Beauty Inc (NASDAQ:ULTA) – Equities researchers at Piper Jaffray Companies increased their Q3 2019 earnings per share (EPS) estimates for shares of Ulta Beauty in a note issued to investors on Thursday, November 8th, according to Zacks Investment Research. Piper Jaffray Companies analyst E. Murphy now anticipates that the specialty retailer will earn $2.16 per share for the quarter, up from their previous estimate of $2.15. Piper Jaffray Companies currently has a “Overweight” rating and a $325.00 target price on the stock. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q1 2020 earnings at $3.17 EPS, Q2 2020 earnings at $2.98 EPS, Q3 2020 earnings at $2.59 EPS, Q1 2021 earnings at $3.67 EPS, Q2 2021 earnings at $3.46 EPS and Q3 2021 earnings at $3.02 EPS.
ULTA has been the subject of several other reports. Jefferies Financial Group set a $335.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, November 9th. OTR Global upgraded shares of Ulta Beauty to a “positive” rating in a research report on Thursday. UBS Group raised their price objective on shares of Ulta Beauty from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Wells Fargo & Co set a $336.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, November 9th. Finally, Zacks Investment Research restated a “buy” rating and set a $316.00 price objective on shares of Ulta Beauty in a research report on Saturday, November 17th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. Ulta Beauty currently has an average rating of “Buy” and an average target price of $284.48.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, August 30th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.41 by $0.05. Ulta Beauty had a net margin of 9.91% and a return on equity of 33.29%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion.
A number of large investors have recently made changes to their positions in the stock. Great Lakes Advisors LLC bought a new position in Ulta Beauty in the third quarter valued at approximately $328,000. Legal & General Group Plc increased its stake in Ulta Beauty by 2.0% in the third quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock valued at $76,900,000 after acquiring an additional 5,295 shares during the last quarter. Standard Life Aberdeen plc increased its stake in Ulta Beauty by 73.9% in the third quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock valued at $6,685,000 after acquiring an additional 10,071 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Ulta Beauty by 29,796.3% in the third quarter. Rehmann Capital Advisory Group now owns 80,122 shares of the specialty retailer’s stock valued at $284,000 after acquiring an additional 79,854 shares during the last quarter. Finally, Capstone Financial Advisors Inc. bought a new position in Ulta Beauty in the third quarter valued at approximately $393,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total value of $10,050,250.00. Following the transaction, the director now directly owns 361,294 shares of the company’s stock, valued at $103,745,572.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorna Nagler sold 2,000 shares of Ulta Beauty stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $276.19, for a total transaction of $552,380.00. Following the completion of the transaction, the director now directly owns 7,923 shares in the company, valued at $2,188,253.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,407 shares of company stock valued at $19,580,698. 5.60% of the stock is owned by company insiders.
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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