Equities Analysts Set Expectations for Ulta Beauty Inc.’s Q3 2018 Earnings (ULTA)
Ulta Beauty Inc. (NASDAQ:ULTA) – Investment analysts at Oppenheimer Holdings cut their Q3 2018 EPS estimates for shares of Ulta Beauty in a research report issued on Tuesday. Oppenheimer Holdings analyst R. Parikh now anticipates that the specialty retailer will earn $1.59 per share for the quarter, down from their prior estimate of $1.65. Oppenheimer Holdings currently has a “Hold” rating and a $210.00 price target on the stock. Oppenheimer Holdings also issued estimates for Ulta Beauty’s FY2018 earnings at $8.21 EPS.
A number of other research firms have also recently issued reports on ULTA. Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $301.00 target price for the company in a report on Thursday, July 13th. Morgan Stanley lowered their target price on Ulta Beauty from $313.00 to $245.00 and set an “equal weight” rating for the company in a report on Monday, August 28th. Cowen and Company set a $336.00 target price on Ulta Beauty and gave the stock a “buy” rating in a report on Friday. Cleveland Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and increased their target price for the stock from $189.50 to $314.00 in a report on Thursday, October 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $300.00 target price on shares of Ulta Beauty in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $273.70.
Ulta Beauty (ULTA) traded up 0.11% during mid-day trading on Thursday, reaching $204.84. The company had a trading volume of 1,114,744 shares. The stock has a market cap of $12.58 billion, a PE ratio of 27.27 and a beta of 0.57. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86. The firm’s 50-day moving average price is $218.30 and its 200-day moving average price is $260.11.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ulta Beauty had a return on equity of 29.33% and a net margin of 8.84%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share.
In related news, Director Charles Heilbronn acquired 127,889 shares of the business’s stock in a transaction on Friday, October 13th. The stock was purchased at an average cost of $195.21 per share, for a total transaction of $24,965,211.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Macdonald acquired 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average price of $208.37 per share, with a total value of $416,740.00. Following the completion of the transaction, the director now directly owns 6,224 shares of the company’s stock, valued at $1,296,894.88. The disclosure for this purchase can be found here. Company insiders own 5.20% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp lifted its position in Ulta Beauty by 11.2% during the first quarter. Fifth Third Bancorp now owns 398 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 40 shares during the last quarter. Sun Life Financial INC lifted its position in Ulta Beauty by 4,655.6% during the second quarter. Sun Life Financial INC now owns 428 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 419 shares during the last quarter. FNY Partners Fund LP acquired a new stake in Ulta Beauty during the first quarter worth approximately $142,000. Lazard Asset Management LLC acquired a new stake in Ulta Beauty during the second quarter worth approximately $157,000. Finally, QS Investors LLC lifted its position in Ulta Beauty by 0.8% during the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after acquiring an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
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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