$3.05 EPS Expected for Ulta Beauty Inc (ULTA) This Quarter

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.

Several brokerages have recently issued reports on ULTA. Morgan Stanley lifted their price target on Ulta Beauty from $355.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Robert W. Baird reiterated an “outperform” rating and set a $395.00 price target (up from $365.00) on shares of Ulta Beauty in a research report on Thursday. Piper Jaffray Companies lifted their price target on Ulta Beauty from $362.00 to $378.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Ulta Beauty from $345.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Loop Capital lifted their price target on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Ulta Beauty has a consensus rating of “Buy” and an average target price of $335.30.

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.

Featured Article: What is a conference call?

Get a free copy of the Zacks research report on Ulta Beauty (ULTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.