Ulta Beauty Inc. (NASDAQ:ULTA) – KeyCorp lifted their FY2018 EPS estimates for Ulta Beauty in a research note issued to investors on Thursday. KeyCorp analyst J. Gere now forecasts that the specialty retailer will post earnings per share of $8.40 for the year, up from their prior forecast of $8.30. KeyCorp currently has a “Buy” rating and a $300.00 price objective on the stock. KeyCorp also issued estimates for Ulta Beauty’s Q2 2019 earnings at $2.25 EPS, Q3 2019 earnings at $2.11 EPS and FY2019 earnings at $10.07 EPS.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.72%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share.

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ULTA has been the subject of several other reports. Jefferies Group LLC set a $350.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Monday, August 14th. Piper Jaffray Companies restated a “buy” rating and issued a $330.00 price objective on shares of Ulta Beauty in a report on Monday, August 21st. Stifel Nicolaus lowered their price objective on shares of Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a report on Monday, May 22nd. Finally, Robert W. Baird set a $335.00 price objective on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $291.39.

Ulta Beauty (NASDAQ:ULTA) opened at 212.36 on Monday. Ulta Beauty has a one year low of $208.25 and a one year high of $314.86. The company has a 50 day moving average of $249.47 and a 200-day moving average of $277.02. The firm has a market cap of $13.15 billion, a PE ratio of 28.27 and a beta of 0.57.

In other Ulta Beauty news, Director Catherine Ann Halligan sold 500 shares of Ulta Beauty 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 completion of the sale, the director now owns 4,126 shares of the company’s stock, valued at approximately $1,288,797.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert F. Diromualdo sold 20,000 shares of Ulta Beauty 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 disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its stake in Ulta Beauty by 1.3% in the first quarter. Tyers Asset Management LLC now owns 5,152 shares of the specialty retailer’s stock worth $1,470,000 after buying an additional 64 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Ulta Beauty by 61.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,976 shares of the specialty retailer’s stock worth $1,419,000 after buying an additional 1,895 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Ulta Beauty by 78.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,294 shares of the specialty retailer’s stock worth $4,648,000 after buying an additional 7,140 shares during the period. Tocqueville Asset Management L.P. increased its stake in Ulta Beauty by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 17,049 shares of the specialty retailer’s stock worth $4,863,000 after buying an additional 99 shares during the period. Finally, Jennison Associates LLC increased its stake in 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. 85.68% of the stock is owned by institutional investors and hedge funds.

Ulta Beauty Company Profile

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.

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

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