$2.40 EPS Expected for Ulta Beauty Inc (ULTA) This Quarter

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Brokerages expect that Ulta Beauty Inc (NASDAQ:ULTA) will announce earnings of $2.40 per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Ulta Beauty’s earnings. The highest EPS estimate is $2.46 and the lowest is $2.37. Ulta Beauty reported earnings per share of $1.83 in the same quarter last year, which suggests a positive year-over-year growth rate of 31.1%. The firm is expected to announce its next quarterly earnings results on Thursday, August 23rd.

According to Zacks, analysts expect that Ulta Beauty will report full-year earnings of $10.92 per share for the current year, with EPS estimates ranging from $10.78 to $11.07. For the next year, analysts anticipate that the firm will report earnings of $12.76 per share, with EPS estimates ranging from $12.30 to $12.96. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 31st. The specialty retailer reported $2.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.22. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. Ulta Beauty had a return on equity of 32.15% and a net margin of 9.67%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 earnings per share.

A number of brokerages have recently weighed in on ULTA. BMO Capital Markets raised their price objective on Ulta Beauty from $220.00 to $230.00 and gave the company a “market perform” rating in a research report on Friday, June 1st. JPMorgan Chase & Co. restated an “overweight” rating and set a $282.00 price objective (down previously from $291.00) on shares of Ulta Beauty in a research report on Friday, March 16th. BidaskClub upgraded Ulta Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Piper Jaffray Companies set a $268.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Finally, Jefferies Financial Group set a $260.00 price target on Ulta Beauty and gave the stock a “buy” rating in a research report on Friday, March 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $264.96.

Shares of Ulta Beauty stock traded down $0.59 during trading on Friday, reaching $249.76. 760,449 shares of the stock traded hands, compared to its average volume of 1,223,239. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.24 and a beta of 0.62. Ulta Beauty has a 52-week low of $187.96 and a 52-week high of $291.56.

Ulta Beauty announced that its Board of Directors has initiated a stock buyback program on Thursday, March 15th that permits the company to repurchase $625.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In other news, CEO Mary N. Dillon sold 16,286 shares of Ulta Beauty stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $206.99, for a total transaction of $3,371,039.14. Following the completion of the sale, the chief executive officer now owns 100,984 shares of the company’s stock, valued at $20,902,678.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine Ann Halligan sold 400 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $252.44, for a total transaction of $100,976.00. Following the sale, the director now directly owns 3,188 shares of the company’s stock, valued at approximately $804,778.72. The disclosure for this sale can be found here. In the last three months, insiders sold 118,218 shares of company stock valued at $28,152,651. 5.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Ulta Beauty by 3.9% during the first quarter. BlackRock Inc. now owns 5,358,580 shares of the specialty retailer’s stock valued at $1,094,597,000 after acquiring an additional 198,890 shares in the last quarter. Alliancebernstein L.P. raised its stake in Ulta Beauty by 10.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,125,037 shares of the specialty retailer’s stock worth $475,286,000 after buying an additional 197,666 shares in the last quarter. Geode Capital Management LLC raised its stake in Ulta Beauty by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 712,922 shares of the specialty retailer’s stock worth $159,156,000 after buying an additional 20,954 shares in the last quarter. HS Management Partners LLC raised its stake in Ulta Beauty by 208.7% in the fourth quarter. HS Management Partners LLC now owns 699,365 shares of the specialty retailer’s stock worth $156,420,000 after buying an additional 472,850 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Ulta Beauty by 111.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 591,905 shares of the specialty retailer’s stock worth $132,385,000 after buying an additional 311,725 shares in the last quarter. 90.07% 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, 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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