Brokerages Anticipate Ulta Beauty, Inc. (NASDAQ:ULTA) to Announce $2.47 EPS

Analysts forecast that Ulta Beauty, Inc. (NASDAQ:ULTA) will announce earnings of $2.47 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $2.07 to $2.82. Ulta Beauty reported earnings per share of $1.64 in the same quarter last year, which suggests a positive year-over-year growth rate of 50.6%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, December 2nd.

On average, analysts expect that Ulta Beauty will report full year earnings of $15.09 per share for the current year, with EPS estimates ranging from $14.57 to $15.71. For the next fiscal year, analysts forecast that the company will report earnings of $16.43 per share, with EPS estimates ranging from $14.15 to $17.26. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Tuesday, August 24th. The specialty retailer reported $4.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $2.00. Ulta Beauty had a return on equity of 40.49% and a net margin of 9.50%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Ulta Beauty’s revenue was up 60.2% compared to the same quarter last year.

ULTA has been the topic of several research analyst reports. Citigroup increased their price objective on Ulta Beauty from $360.00 to $410.00 and gave the stock a “neutral” rating in a research note on Thursday, August 26th. JPMorgan Chase & Co. increased their target price on Ulta Beauty from $379.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, August 27th. Cleveland Research raised Ulta Beauty from a “neutral” rating to a “buy” rating in a research report on Friday, October 8th. Bank of America dropped their target price on Ulta Beauty from $430.00 to $400.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 20th. Finally, UBS Group increased their target price on Ulta Beauty from $415.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, August 26th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $413.00.

In other Ulta Beauty news, insider Jeffrey J. Childs sold 8,699 shares of the stock in a transaction dated Wednesday, September 22nd. The stock was sold at an average price of $370.14, for a total transaction of $3,219,847.86. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BancorpSouth Bank grew its position in shares of Ulta Beauty by 2.0% during the 2nd quarter. BancorpSouth Bank now owns 1,373 shares of the specialty retailer’s stock valued at $475,000 after acquiring an additional 27 shares during the period. MACRO Consulting Group grew its position in shares of Ulta Beauty by 2.2% during the 2nd quarter. MACRO Consulting Group now owns 1,291 shares of the specialty retailer’s stock valued at $444,000 after acquiring an additional 28 shares during the period. NEXT Financial Group Inc grew its position in shares of Ulta Beauty by 2.5% during the 3rd quarter. NEXT Financial Group Inc now owns 1,159 shares of the specialty retailer’s stock valued at $418,000 after acquiring an additional 28 shares during the period. Brighton Jones LLC grew its position in shares of Ulta Beauty by 1.4% during the 3rd quarter. Brighton Jones LLC now owns 1,974 shares of the specialty retailer’s stock valued at $712,000 after acquiring an additional 28 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Ulta Beauty by 3.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 814 shares of the specialty retailer’s stock valued at $294,000 after acquiring an additional 29 shares during the period. 88.88% of the stock is currently owned by institutional investors.

NASDAQ:ULTA traded up $0.63 during midday trading on Thursday, hitting $409.56. The stock had a trading volume of 367,971 shares, compared to its average volume of 717,720. Ulta Beauty has a one year low of $258.00 and a one year high of $417.85. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 2.02 and a beta of 1.67. The stock has a 50-day moving average of $383.60 and a 200 day moving average of $360.23.

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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