$1.34 Billion in Sales Expected for Ulta Beauty Inc. (ULTA) This Quarter
Equities analysts expect that Ulta Beauty Inc. (NASDAQ:ULTA) will report $1.34 billion in sales for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Ulta Beauty’s earnings. The highest sales estimate is $1.36 billion and the lowest is $1.32 billion. Ulta Beauty reported sales of $1.13 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The company is scheduled to announce its next earnings report on Thursday, December 7th.
On average, analysts expect that Ulta Beauty will report full-year sales of $1.34 billion for the current financial year, with estimates ranging from $5.75 billion to $5.92 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.71 billion per share, with estimates ranging from $6.60 billion to $6.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.05. Ulta Beauty had a net margin of 8.84% and a return on equity of 29.33%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis.
Several research firms recently commented on ULTA. Zacks Investment Research downgraded shares of Ulta Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. downgraded shares of Ulta Beauty from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $330.00 to $270.00 in a research note on Tuesday, August 8th. Wolfe Research reaffirmed an “outperform” rating on shares of Ulta Beauty in a research note on Friday, September 22nd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Ulta Beauty in a research note on Wednesday. Finally, Jefferies Group LLC set a $350.00 price target on shares of Ulta Beauty and gave the stock a “buy” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the stock. Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $281.63.
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In other news, Director Michael R. Macdonald purchased 2,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the acquisition, the director now owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. QS Investors LLC boosted its stake in Ulta Beauty by 0.8% in the 2nd quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares in the last quarter. Balasa Dinverno & Foltz LLC boosted its stake in Ulta Beauty by 1.0% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 999 shares of the specialty retailer’s stock worth $287,000 after purchasing an additional 10 shares in the last quarter. Wendell David Associates Inc. boosted its stake in Ulta Beauty by 1.3% in the 2nd quarter. Wendell David Associates Inc. now owns 1,291 shares of the specialty retailer’s stock worth $371,000 after purchasing an additional 16 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in Ulta Beauty by 1.1% in the 2nd quarter. Chase Investment Counsel Corp now owns 1,683 shares of the specialty retailer’s stock worth $483,000 after purchasing an additional 18 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Ulta Beauty by 0.7% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 87.91% of the company’s stock.
Ulta Beauty (ULTA) opened at 227.66 on Thursday. The firm has a 50-day moving average of $233.76 and a 200 day moving average of $271.14. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 30.31 and a beta of 0.57. Ulta Beauty has a one year low of $204.01 and a one year high of $314.86.
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.
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