Equities analysts expect that Ulta Beauty Inc (NASDAQ:ULTA) will report earnings of $3.05 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Ulta Beauty’s earnings. The lowest EPS estimate is $2.98 and the highest is $3.10. Ulta Beauty posted earnings per share of $2.63 during the same quarter last year, which would indicate a positive year over year growth rate of 16%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 30th.
On average, analysts expect that Ulta Beauty will report full-year earnings of $12.78 per share for the current financial year, with EPS estimates ranging from $12.66 to $12.88. For the next financial year, analysts expect that the company will report earnings of $14.90 per share, with EPS estimates ranging from $14.48 to $15.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the firm earned $2.75 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis.
Shares of ULTA stock opened at $350.88 on Thursday. Ulta Beauty has a 1 year low of $224.43 and a 1 year high of $359.69. The firm has a market cap of $20.63 billion, a PE ratio of 32.34, a PEG ratio of 1.51 and a beta of 1.02.
In related news, CFO Scott M. Settersten sold 29,529 shares of Ulta Beauty stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $338.64, for a total value of $9,999,700.56. Following the transaction, the chief financial officer now directly owns 7,737 shares in the company, valued at approximately $2,620,057.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David C. Kimbell sold 15,452 shares of Ulta Beauty stock in a transaction on Monday, March 25th. The stock was sold at an average price of $333.50, for a total value of $5,153,242.00. Following the completion of the transaction, the insider now owns 13,716 shares in the company, valued at $4,574,286. The disclosure for this sale can be found here. Insiders sold a total of 426,250 shares of company stock worth $143,394,373 over the last 90 days. Insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Rational Advisors LLC boosted its position in shares of Ulta Beauty by 1,247.7% in the fourth quarter. Rational Advisors LLC now owns 5,000 shares of the specialty retailer’s stock worth $1,224,000 after buying an additional 4,629 shares during the period. Bath Savings Trust Co boosted its position in shares of Ulta Beauty by 6.0% in the fourth quarter. Bath Savings Trust Co now owns 7,155 shares of the specialty retailer’s stock worth $1,752,000 after buying an additional 404 shares during the period. Hendershot Investments Inc. boosted its position in shares of Ulta Beauty by 63.8% in the fourth quarter. Hendershot Investments Inc. now owns 12,244 shares of the specialty retailer’s stock worth $2,998,000 after buying an additional 4,769 shares during the period. Pennsylvania Trust Co boosted its position in shares of Ulta Beauty by 33.2% in the fourth quarter. Pennsylvania Trust Co now owns 4,933 shares of the specialty retailer’s stock worth $1,208,000 after buying an additional 1,230 shares during the period. Finally, Sigma Investment Counselors Inc. boosted its position in shares of Ulta Beauty by 0.5% in the fourth quarter. Sigma Investment Counselors Inc. now owns 10,626 shares of the specialty retailer’s stock worth $2,602,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.
About Ulta Beauty
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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