$2.29 Billion in Sales Expected for Ulta Beauty Inc (NASDAQ:ULTA) This Quarter

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Wall Street brokerages expect Ulta Beauty Inc (NASDAQ:ULTA) to post sales of $2.29 billion for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Ulta Beauty’s earnings, with estimates ranging from $2.25 billion to $2.30 billion. Ulta Beauty posted sales of $2.12 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is scheduled to report its next earnings report after the market closes on Thursday, March 12th.

According to Zacks, analysts expect that Ulta Beauty will report full-year sales of $7.38 billion for the current financial year, with estimates ranging from $7.35 billion to $7.40 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $8.01 billion, with estimates ranging from $7.90 billion to $8.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.12. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.91%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company earned $2.18 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis.

ULTA has been the subject of a number of research reports. Deutsche Bank initiated coverage on shares of Ulta Beauty in a research report on Tuesday, December 3rd. They issued a “buy” rating and a $285.00 price target for the company. Robert W. Baird set a $315.00 price target on shares of Ulta Beauty and gave the company a “buy” rating in a research report on Tuesday, September 17th. Nomura boosted their price target on shares of Ulta Beauty from $215.00 to $230.00 and gave the company a “reduce” rating in a research report on Friday, December 6th. TheStreet cut shares of Ulta Beauty from a “b-” rating to a “c+” rating in a research report on Monday, September 30th. Finally, ValuEngine raised shares of Ulta Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. Ulta Beauty has an average rating of “Hold” and an average target price of $286.57.

In other news, insider Jeffrey J. Childs sold 3,031 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $252.20, for a total transaction of $764,418.20. Following the transaction, the insider now directly owns 10,333 shares in the company, valued at $2,605,982.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Bell & Brown Wealth Advisors LLC purchased a new stake in shares of Ulta Beauty in the third quarter valued at about $2,871,000. Commonwealth Equity Services LLC lifted its holdings in shares of Ulta Beauty by 36.5% in the third quarter. Commonwealth Equity Services LLC now owns 9,395 shares of the specialty retailer’s stock valued at $2,355,000 after purchasing an additional 2,512 shares in the last quarter. L & S Advisors Inc lifted its holdings in shares of Ulta Beauty by 26.0% in the second quarter. L & S Advisors Inc now owns 2,588 shares of the specialty retailer’s stock valued at $898,000 after purchasing an additional 534 shares in the last quarter. AMP Capital Investors Ltd lifted its holdings in shares of Ulta Beauty by 40.6% in the second quarter. AMP Capital Investors Ltd now owns 43,014 shares of the specialty retailer’s stock valued at $14,807,000 after purchasing an additional 12,417 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Ulta Beauty by 5.3% in the second quarter. BlackRock Inc. now owns 4,166,032 shares of the specialty retailer’s stock valued at $1,445,154,000 after purchasing an additional 207,927 shares in the last quarter. Institutional investors own 89.71% of the company’s stock.

ULTA traded up $1.79 on Friday, reaching $253.14. The company had a trading volume of 762,771 shares, compared to its average volume of 1,519,753. Ulta Beauty has a 1 year low of $222.00 and a 1 year high of $368.83. The stock has a market capitalization of $14.47 billion, a PE ratio of 23.33, a P/E/G ratio of 1.33 and a beta of 1.11. The company has a quick ratio of 0.38, a current ratio of 1.67 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $245.50 and a 200-day moving average price of $281.90.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.

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

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