Ulta Beauty Inc (ULTA) Expected to Post Quarterly Sales of $1.74 Billion

Analysts forecast that Ulta Beauty Inc (NASDAQ:ULTA) will report sales of $1.74 billion for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Ulta Beauty’s earnings. The highest sales estimate is $1.75 billion and the lowest is $1.73 billion. Ulta Beauty reported sales of $1.54 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The business is scheduled to report its next earnings report on Thursday, May 30th.

On average, analysts expect that Ulta Beauty will report full-year sales of $7.54 billion for the current year, with estimates ranging from $7.48 billion to $7.65 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.32 billion, with estimates ranging from $8.22 billion to $8.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data 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. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $2.75 earnings per share.

Several analysts have recently issued reports on ULTA shares. BMO Capital Markets increased their price objective on Ulta Beauty from $280.00 to $325.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Zacks Investment Research cut Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Loop Capital reduced their price objective on Ulta Beauty to $265.00 and set an “average” rating on the stock in a research note on Friday, December 14th. They noted that the move was a valuation call. UBS Group increased their target price on Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 11th. Finally, Morgan Stanley increased their target price on Ulta Beauty from $330.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $317.05.

In related news, CEO Mary N. Dillon sold 120,949 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $334.42, for a total transaction of $40,447,764.58. Following the transaction, the chief executive officer now owns 87,712 shares of the company’s stock, valued at $29,332,647.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Catherine Ann Halligan sold 704 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $342.97, for a total value of $241,450.88. Following the transaction, the director now directly owns 10,423 shares in the company, valued at approximately $3,574,776.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 426,250 shares of company stock worth $143,394,373. Corporate insiders own 5.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Financial Advisors Inc. grew its holdings in shares of Ulta Beauty by 1,270.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 137 shares of the specialty retailer’s stock worth $34,000 after buying an additional 127 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Ulta Beauty by 74.2% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 162 shares of the specialty retailer’s stock worth $40,000 after buying an additional 69 shares during the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $53,000. Claybrook Capital LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $62,000. Finally, Executive Wealth Management LLC purchased a new position in shares of Ulta Beauty during the fourth quarter worth about $64,000. 90.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ULTA traded down $5.25 during mid-day trading on Thursday, hitting $347.30. The company had a trading volume of 451,824 shares, compared to its average volume of 1,013,089. The stock has a market cap of $20.68 billion, a P/E ratio of 32.01, a PEG ratio of 1.48 and a beta of 1.02. Ulta Beauty has a 1-year low of $199.15 and a 1-year high of $353.77.

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

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