Ulta Beauty Inc. (ULTA) to Post Q1 2019 Earnings of $2.35 Per Share, KeyCorp Forecasts
Ulta Beauty Inc. (NASDAQ:ULTA) – Equities research analysts at KeyCorp decreased their Q1 2019 earnings estimates for Ulta Beauty in a research note issued on Monday. KeyCorp analyst J. Gere now forecasts that the specialty retailer will post earnings per share of $2.35 for the quarter, down from their previous estimate of $2.36. KeyCorp currently has a “Buy” rating and a $270.00 price objective on the stock. KeyCorp also issued estimates for Ulta Beauty’s Q3 2019 earnings at $2.07 EPS.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 earnings per share.
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Several other research analysts also recently weighed in on ULTA. Goldman Sachs Group, Inc. (The) upgraded Ulta Beauty from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a report on Friday, July 14th. Wells Fargo & Company reissued a “market perform” rating and set a $290.00 price target on shares of Ulta Beauty in a research note on Wednesday, July 5th. BidaskClub cut Ulta Beauty from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Ulta Beauty in a report on Friday, July 14th. Finally, Zacks Investment Research raised Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $279.96.
Shares of Ulta Beauty (NASDAQ:ULTA) traded down 1.5871% during mid-day trading on Wednesday, hitting $224.0075. The company’s stock had a trading volume of 430,354 shares. Ulta Beauty has a 12-month low of $204.01 and a 12-month high of $314.86. The stock has a 50-day moving average of $226.02 and a 200-day moving average of $266.91. The company has a market cap of $13.76 billion, a PE ratio of 29.8200 and a beta of 0.57.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Iberiabank Corp lifted its position in shares of Ulta Beauty by 9.2% during the second quarter. Iberiabank Corp now owns 4,549 shares of the specialty retailer’s stock worth $1,307,000 after purchasing an additional 383 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ulta Beauty by 0.4% in the first quarter. Principal Financial Group Inc. now owns 94,590 shares of the specialty retailer’s stock valued at $26,981,000 after purchasing an additional 405 shares during the period. Covenant Asset Management LLC boosted its stake in shares of Ulta Beauty by 1.9% in the second quarter. Covenant Asset Management LLC now owns 3,676 shares of the specialty retailer’s stock valued at $1,056,000 after purchasing an additional 70 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ulta Beauty by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 214,001 shares of the specialty retailer’s stock valued at $61,039,000 after purchasing an additional 5,854 shares during the period. Finally, CIBC World Markets Inc. boosted its stake in shares of Ulta Beauty by 63.0% in the second quarter. CIBC World Markets Inc. now owns 9,994 shares of the specialty retailer’s stock valued at $2,872,000 after purchasing an additional 3,861 shares during the period. Institutional investors own 87.91% of the company’s stock.
In related news, Director Michael R. Macdonald acquired 2,000 shares of Ulta Beauty stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of $208.37 per share, for a total transaction of $416,740.00. Following the completion of the purchase, the director now directly owns 6,224 shares in the company, valued at approximately $1,296,894.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.
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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