Ulta Beauty, Inc. (NASDAQ:ULTA) Expected to Post Quarterly Sales of $2.13 Billion

Equities research analysts forecast that Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) will report sales of $2.13 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Ulta Beauty’s earnings, with estimates ranging from $2.07 billion to $2.19 billion. Ulta Beauty posted sales of $1.94 billion during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Ulta Beauty will report full-year sales of $9.18 billion for the current year, with estimates ranging from $9.11 billion to $9.30 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.84 billion, with estimates ranging from $9.59 billion to $10.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ulta Beauty.

Ulta Beauty (NASDAQ:ULTAGet Rating) last issued its quarterly earnings results on Thursday, March 10th. The specialty retailer reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.85. Ulta Beauty had a return on equity of 54.42% and a net margin of 11.42%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the firm posted $3.41 earnings per share. The business’s quarterly revenue was up 24.1% on a year-over-year basis.

Several research analysts recently weighed in on ULTA shares. Credit Suisse Group restated a “buy” rating and set a $455.00 price target on shares of Ulta Beauty in a research report on Friday, March 11th. Raymond James cut their price target on shares of Ulta Beauty from $485.00 to $450.00 and set an “outperform” rating for the company in a report on Wednesday, January 26th. Barclays increased their price objective on shares of Ulta Beauty from $440.00 to $469.00 and gave the stock an “overweight” rating in a research report on Monday, March 14th. Zacks Investment Research raised shares of Ulta Beauty from a “hold” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, April 20th. Finally, Robert W. Baird decreased their price target on shares of Ulta Beauty from $480.00 to $450.00 in a research report on Friday, March 11th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $448.86.

In other Ulta Beauty news, insider Jodi J. Caro sold 5,340 shares of the stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $384.54, for a total transaction of $2,053,443.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of ULTA. MUFG Americas Holdings Corp raised its holdings in shares of Ulta Beauty by 536.4% during the third quarter. MUFG Americas Holdings Corp now owns 70 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 59 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty during the fourth quarter worth $25,000. North Star Investment Management Corp. acquired a new stake in shares of Ulta Beauty in the 4th quarter worth about $27,000. Bank of New Hampshire acquired a new stake in shares of Ulta Beauty in the 1st quarter worth about $29,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Ulta Beauty by 525.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 75 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 63 shares during the period. 88.92% of the stock is currently owned by institutional investors.

ULTA stock opened at $396.80 on Monday. The company’s 50-day simple moving average is $391.85 and its 200-day simple moving average is $386.80. Ulta Beauty has a 52-week low of $299.77 and a 52-week high of $438.63. The firm has a market cap of $20.72 billion, a P/E ratio of 22.03, a PEG ratio of 2.19 and a beta of 1.65.

Ulta Beauty Company Profile (Get Rating)

Ulta Beauty, Inc operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services.

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Earnings History and Estimates for Ulta Beauty (NASDAQ:ULTA)

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