Ulta Beauty Inc. (NASDAQ:ULTA) – Stock analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for Ulta Beauty in a report issued on Tuesday. William Blair analyst D. Hofkin forecasts that the specialty retailer will post earnings of $2.28 per share for the quarter. William Blair also issued estimates for Ulta Beauty’s Q2 2019 earnings at $2.24 EPS, Q3 2019 earnings at $2.09 EPS and Q4 2019 earnings at $3.25 EPS.
Several other equities research analysts have also recently commented on the company. Piper Jaffray Companies cut Ulta Beauty from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Wednesday. Oppenheimer Holdings, Inc. dropped their target price on Ulta Beauty from $250.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday. Goldman Sachs Group, Inc. (The) cut Ulta Beauty from a “conviction-buy” rating to a “buy” rating and dropped their target price for the stock from $290.00 to $267.00 in a report on Monday. Cleveland Research cut Ulta Beauty from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $189.50 to $314.00 in a report on Thursday, October 12th. Finally, KeyCorp reissued a “buy” rating and set a $270.00 target price (down previously from $300.00) on shares of Ulta Beauty in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $273.70.
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Ulta Beauty (NASDAQ ULTA) traded up 2.543% during midday trading on Wednesday, hitting $203.415. The company had a trading volume of 2,300,577 shares. Ulta Beauty has a 12-month low of $187.96 and a 12-month high of $314.86. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 27.079 and a beta of 0.57. The company’s 50 day moving average is $219.01 and its 200 day moving average is $261.06.
Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $1.29 billion for 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 company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Ulta Beauty by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,738,059 shares of the specialty retailer’s stock worth $1,648,774,000 after purchasing an additional 173,627 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Ulta Beauty by 6.2% during the 2nd quarter. BlackRock Inc. now owns 4,255,942 shares of the specialty retailer’s stock valued at $1,222,902,000 after acquiring an additional 247,992 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Ulta Beauty by 9.1% during the 2nd quarter. Jennison Associates LLC now owns 2,468,332 shares of the specialty retailer’s stock valued at $709,251,000 after acquiring an additional 205,289 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Ulta Beauty by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,180,557 shares of the specialty retailer’s stock valued at $626,560,000 after acquiring an additional 83,081 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Ulta Beauty by 31.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,311,030 shares of the specialty retailer’s stock valued at $376,711,000 after acquiring an additional 317,441 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
In other news, Director Michael R. Macdonald acquired 2,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $208.37 per share, for a total transaction of $416,740.00. Following the transaction, the director now owns 6,224 shares in the company, valued at approximately $1,296,894.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles Heilbronn acquired 127,889 shares of the stock in a transaction on Friday, October 13th. The shares were purchased at an average price of $195.21 per share, for a total transaction of $24,965,211.69. The disclosure for this purchase can be found here. Insiders own 5.20% 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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