Ulta Beauty Inc (NASDAQ:ULTA) – Piper Jaffray Companies dropped their Q4 2020 earnings per share (EPS) estimates for shares of Ulta Beauty in a note issued to investors on Thursday, December 5th. Piper Jaffray Companies analyst E. Murphy now expects that the specialty retailer will post earnings per share of $3.66 for the quarter, down from their prior forecast of $3.69. Piper Jaffray Companies currently has a “Neutral” rating and a $228.00 target price on the stock. Piper Jaffray Companies also issued estimates for Ulta Beauty’s Q4 2021 earnings at $4.06 EPS, Q1 2022 earnings at $3.61 EPS, Q2 2022 earnings at $3.35 EPS and Q3 2022 earnings at $2.78 EPS.
Ulta Beauty (NASDAQ:ULTA) last posted its quarterly earnings results 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. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Ulta Beauty had a net margin of 9.67% and a return on equity of 36.91%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS.
Shares of ULTA opened at $252.64 on Monday. The firm has a 50 day simple moving average of $239.73 and a two-hundred day simple moving average of $291.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.67 and a quick ratio of 0.38. Ulta Beauty has a one year low of $222.00 and a one year high of $368.83. The company has a market cap of $14.99 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.39 and a beta of 1.11.
In other Ulta Beauty news, CEO Mary N. Dillon purchased 1,300 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of $237.17 per share, for a total transaction of $308,321.00. Following the transaction, the chief executive officer now owns 79,256 shares in the company, valued at approximately $18,797,145.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles Heilbronn purchased 70,009 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was acquired at an average price of $248.66 per share, with a total value of $17,408,437.94. Following the completion of the transaction, the director now owns 60,368 shares in the company, valued at approximately $15,011,106.88. The disclosure for this purchase can be found here. Insiders acquired 186,567 shares of company stock valued at $44,964,903 over the last quarter. Corporate insiders own 4.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Bell & Brown Wealth Advisors LLC bought a new position in Ulta Beauty during the 3rd quarter worth $2,871,000. Commonwealth Equity Services LLC lifted its stake 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 worth $2,355,000 after acquiring an additional 2,512 shares during the period. L & S Advisors Inc lifted its stake 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 worth $898,000 after acquiring an additional 534 shares during the period. AMP Capital Investors Ltd boosted its holdings in 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 acquiring an additional 12,417 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in 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 acquiring an additional 207,927 shares during the last quarter. 87.15% of the stock is owned by hedge funds and other institutional investors.
About Ulta Beauty
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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