Zacks: Analysts Expect Ulta Beauty Inc (ULTA) to Post $3.55 EPS

Brokerages expect Ulta Beauty Inc (NASDAQ:ULTA) to report earnings of $3.55 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $3.51 to $3.63. Ulta Beauty reported earnings per share of $2.75 during the same quarter last year, which would indicate a positive year over year growth rate of 29.1%. The firm is expected to issue its next earnings results after the market closes on Thursday, March 14th.

On average, analysts expect that Ulta Beauty will report full year earnings of $10.82 per share for the current fiscal year, with EPS estimates ranging from $10.78 to $10.89. For the next fiscal year, analysts anticipate that the business will report earnings of $12.75 per share, with EPS estimates ranging from $12.62 to $12.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last released its quarterly earnings results on Thursday, December 6th. The specialty retailer reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.02. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Ulta Beauty had a return on equity of 33.75% and a net margin of 9.99%. Ulta Beauty’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 EPS.

A number of equities analysts have weighed in on the company. Piper Jaffray Companies upped their price target on Ulta Beauty to $318.00 and gave the stock a “positive” rating in a report on Thursday. ValuEngine cut Ulta Beauty from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Nomura set a $305.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, November 26th. Loop Capital increased their target price on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a research note on Monday. Finally, Wells Fargo & Co reduced their target price on Ulta Beauty from $336.00 to $328.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Seven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Ulta Beauty presently has an average rating of “Buy” and a consensus price target of $290.20.

Hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in Ulta Beauty by 52.6% in the fourth quarter. FMR LLC now owns 1,961,393 shares of the specialty retailer’s stock worth $480,228,000 after buying an additional 675,832 shares during the period. Two Sigma Advisers LP increased its position in Ulta Beauty by 189.8% in the fourth quarter. Two Sigma Advisers LP now owns 784,145 shares of the specialty retailer’s stock worth $191,990,000 after buying an additional 513,582 shares during the period. Norges Bank acquired a new stake in Ulta Beauty in the fourth quarter worth $125,214,000. American Century Companies Inc. acquired a new stake in Ulta Beauty in the fourth quarter worth $46,445,000. Finally, Marshall Wace LLP acquired a new stake in Ulta Beauty in the third quarter worth $44,356,000. 87.31% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ULTA traded down $3.38 on Monday, reaching $309.13. The company had a trading volume of 130,861 shares, compared to its average volume of 720,100. The stock has a market cap of $18.50 billion, a PE ratio of 37.88, a P/E/G ratio of 1.32 and a beta of 0.99. Ulta Beauty has a 1 year low of $196.07 and a 1 year 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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Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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