Brokerages expect Ulta Beauty Inc. (NASDAQ:ULTA) to post $1.29 billion in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Ulta Beauty’s earnings. The highest sales estimate is $1.31 billion and the lowest is $1.27 billion. Ulta Beauty reported sales of $1.07 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.6%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, August 24th.

On average, analysts expect that Ulta Beauty will report full year sales of $1.29 billion for the current year, with estimates ranging from $5.75 billion to $5.97 billion. For the next year, analysts expect that the firm will report sales of $6.72 billion per share, with estimates ranging from $6.63 billion to $6.87 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 issued its quarterly earnings results on Thursday, May 25th. The specialty retailer reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.12. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Ulta Beauty had a return on equity of 28.91% and a net margin of 8.75%. The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share.

Several research firms have recently issued reports on ULTA. Buckingham Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $325.00 to $330.00 in a research report on Friday, May 26th. Piper Jaffray Companies set a $333.00 price objective on Ulta Beauty and gave the stock a “buy” rating in a research report on Saturday, May 27th. Royal Bank Of Canada set a $310.00 price objective on Ulta Beauty and gave the stock a “hold” rating in a research report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) raised Ulta Beauty from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $321.00 to $310.00 in a research report on Friday. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Ulta Beauty in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $322.21.

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Shares of Ulta Beauty (ULTA) traded up 1.69% during midday trading on Wednesday, reaching $261.74. The company’s stock had a trading volume of 1,566,991 shares. Ulta Beauty has a 12-month low of $225.13 and a 12-month high of $314.86. The company has a market cap of $16.24 billion, a P/E ratio of 36.76 and a beta of 0.59. The stock’s 50-day moving average price is $297.02 and its 200-day moving average price is $280.25.

In other Ulta Beauty news, Director Robert F. Diromualdo sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $309.05, for a total transaction of $6,181,000.00. Following the completion of the sale, the director now directly owns 4,717 shares of the company’s stock, valued at approximately $1,457,788.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Catherine Ann Halligan sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $312.36, for a total value of $156,180.00. Following the sale, the director now directly owns 4,126 shares of the company’s stock, valued at $1,288,797.36. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ULTA. Vanguard Group Inc. increased its position in shares of Ulta Beauty by 3.0% in the first quarter. Vanguard Group Inc. now owns 5,564,432 shares of the specialty retailer’s stock worth $1,587,143,000 after buying an additional 163,839 shares during the period. BlackRock Inc. increased its position in shares of Ulta Beauty by 2,734.8% in the first quarter. BlackRock Inc. now owns 4,007,950 shares of the specialty retailer’s stock worth $1,143,188,000 after buying an additional 3,866,567 shares during the period. Jennison Associates LLC increased its position in shares of Ulta Beauty by 2.5% in the first quarter. Jennison Associates LLC now owns 2,253,863 shares of the specialty retailer’s stock worth $642,869,000 after buying an additional 55,789 shares during the period. Bank of New York Mellon Corp increased its position in shares of Ulta Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,567,313 shares of the specialty retailer’s stock worth $447,047,000 after buying an additional 17,380 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Ulta Beauty by 51.2% in the first quarter. Ameriprise Financial Inc. now owns 935,601 shares of the specialty retailer’s stock worth $266,862,000 after buying an additional 316,898 shares during the period. 86.17% of the stock is owned by hedge funds and other institutional investors.

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

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