Ulta Beauty Inc (ULTA) Expected to Post Quarterly Sales of $2.11 Billion

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Wall Street brokerages expect Ulta Beauty Inc (NASDAQ:ULTA) to post sales of $2.11 billion for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $2.07 billion to $2.15 billion. Ulta Beauty reported sales of $1.94 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The company is expected to issue its next earnings report on Thursday, March 21st.

According to Zacks, analysts expect that Ulta Beauty will report full year sales of $6.70 billion for the current year, with estimates ranging from $6.65 billion to $6.75 billion. For the next fiscal year, analysts forecast that the firm will report sales of $7.49 billion, with estimates ranging from $7.42 billion to $7.58 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. Ulta Beauty had a net margin of 9.99% and a return on equity of 33.96%. Ulta Beauty’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the company posted $1.69 EPS.

Several brokerages have commented on ULTA. Wells Fargo & Co set a $278.00 target price on shares of Ulta Beauty and gave the stock a “buy” rating in a report on Monday, August 20th. Zacks Investment Research upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. BidaskClub upgraded shares of Ulta Beauty from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. OTR Global downgraded shares of Ulta Beauty to a “positive” rating in a report on Wednesday, August 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Ulta Beauty from $250.00 to $245.00 and set a “hold” rating on the stock in a report on Friday, August 24th. Eight investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $286.96.

In other news, Director Dennis K. Eck sold 31,278 shares of Ulta Beauty stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $285.88, for a total value of $8,941,754.64. Following the sale, the director now directly owns 334,778 shares in the company, valued at $95,706,334.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis K. Eck sold 35,000 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $287.15, for a total transaction of $10,050,250.00. Following the completion of the sale, the director now owns 361,294 shares in the company, valued at $103,745,572.10. The disclosure for this sale can be found here. Insiders sold 66,407 shares of company stock worth $19,028,318 over the last quarter. 5.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ULTA. Marshall Wace North America L.P. grew its stake in shares of Ulta Beauty by 204.1% in the third quarter. Marshall Wace North America L.P. now owns 50,958 shares of the specialty retailer’s stock valued at $14,376,000 after buying an additional 34,202 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Ulta Beauty in the third quarter valued at $44,356,000. Great Lakes Advisors LLC bought a new position in shares of Ulta Beauty in the third quarter valued at $328,000. Legal & General Group Plc grew its stake in shares of Ulta Beauty by 2.0% in the third quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock valued at $76,900,000 after buying an additional 5,295 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its stake in shares of Ulta Beauty by 73.9% in the third quarter. Standard Life Aberdeen plc now owns 23,692 shares of the specialty retailer’s stock valued at $6,685,000 after buying an additional 10,071 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

Shares of NASDAQ:ULTA traded down $38.45 during mid-day trading on Monday, reaching $254.47. The stock had a trading volume of 4,225,348 shares, compared to its average volume of 1,026,716. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 31.19, a P/E/G ratio of 1.47 and a beta of 0.63. Ulta Beauty has a twelve month low of $191.70 and a twelve month high of $322.49.

Ulta Beauty Company Profile

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

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