Analysts expect Ulta Beauty, Inc. (NASDAQ:ULTA) to report sales of $1.90 billion for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Ulta Beauty’s earnings, with the highest sales estimate coming in at $1.93 billion and the lowest estimate coming in at $1.86 billion. Ulta Beauty posted sales of $1.55 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.6%. The company is expected to report its next earnings report after the market closes on Thursday, December 2nd.
On average, analysts expect that Ulta Beauty will report full year sales of $8.37 billion for the current fiscal year, with estimates ranging from $8.26 billion to $8.51 billion. For the next year, analysts expect that the firm will report sales of $9.04 billion, with estimates ranging from $8.80 billion to $9.30 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Tuesday, August 24th. The specialty retailer reported $4.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $2.00. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ulta Beauty had a net margin of 9.50% and a return on equity of 40.49%. Ulta Beauty’s quarterly revenue was up 60.2% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS.
NASDAQ:ULTA traded up $0.63 during mid-day trading on Friday, hitting $409.56. The stock had a trading volume of 367,971 shares, compared to its average volume of 717,720. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 2.02 and a beta of 1.67. The company has a 50 day simple moving average of $383.60 and a 200-day simple moving average of $360.23. Ulta Beauty has a 52 week low of $258.00 and a 52 week high of $417.85.
In other Ulta Beauty news, insider Jeffrey J. Childs sold 8,699 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, September 22nd. The shares were sold at an average price of $370.14, for a total value of $3,219,847.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp raised its position in shares of Ulta Beauty by 536.4% in the third quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Bedel Financial Consulting Inc. bought a new stake in Ulta Beauty in the 2nd quarter valued at $26,000. Lumature Wealth Partners LLC bought a new stake in Ulta Beauty in the 3rd quarter valued at $29,000. BDO Wealth Advisors LLC increased its holdings in Ulta Beauty by 142.9% in the 2nd quarter. BDO Wealth Advisors LLC now owns 102 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 60 shares during the period. Finally, Herold Advisors Inc. bought a new stake in Ulta Beauty in the 3rd quarter valued at $36,000. 88.88% of the stock is currently owned by institutional investors.
About Ulta Beauty
Ulta Beauty, Inc engages in the retail of beauty products. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. The company was founded on January 9, 1990 and is headquartered in Bolingbrook, IL.
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