Zacks: Brokerages Expect Ulta Beauty (ULTA) to Announce $2.47 EPS

Wall Street analysts predict that Ulta Beauty (NASDAQ:ULTA) will announce earnings per share of $2.47 for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Ulta Beauty’s earnings. The highest EPS estimate is $2.56 and the lowest is $2.45. Ulta Beauty posted earnings per share of $1.91 in the same quarter last year, which indicates a positive year over year growth rate of 29.3%. The firm is expected to report its next earnings results after the market closes on Thursday, May 31st.

On average, analysts expect that Ulta Beauty will report full year earnings of $10.77 per share for the current financial year, with EPS estimates ranging from $10.70 to $10.90. For the next fiscal year, analysts expect that the firm will post earnings of $12.79 per share, with EPS estimates ranging from $12.20 to $14.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Ulta Beauty.

Get Ulta Beauty alerts:

Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 15th. The specialty retailer reported $2.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.77 by ($0.02). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Ulta Beauty had a return on equity of 30.40% and a net margin of 9.44%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.24 EPS.

ULTA has been the subject of a number of analyst reports. Oppenheimer restated a “hold” rating and issued a $240.00 price target on shares of Ulta Beauty in a report on Thursday, January 18th. Piper Jaffray restated a “hold” rating and issued a $230.00 price target on shares of Ulta Beauty in a report on Monday, January 22nd. Buckingham Research restated a “buy” rating on shares of Ulta Beauty in a report on Tuesday, January 23rd. JPMorgan Chase upped their price target on Ulta Beauty from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Zacks Investment Research upgraded Ulta Beauty from a “hold” rating to a “buy” rating and set a $246.00 target price for the company in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $257.96.

In other news, Director Lorna Nagler sold 3,000 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $228.35, for a total value of $685,050.00. Following the completion of the transaction, the director now owns 8,336 shares of the company’s stock, valued at $1,903,525.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mary N. Dillon sold 16,286 shares of the stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $206.99, for a total value of $3,371,039.14. Following the completion of the transaction, the chief executive officer now directly owns 100,984 shares of the company’s stock, valued at approximately $20,902,678.16. The disclosure for this sale can be found here. Insiders sold 41,286 shares of company stock worth $8,826,129 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in shares of Ulta Beauty in the fourth quarter worth $153,000. Optimum Investment Advisors bought a new position in shares of Ulta Beauty in the first quarter worth $163,000. ACG Wealth bought a new position in shares of Ulta Beauty in the fourth quarter worth $216,000. Sapphire Star Partners LP bought a new position in shares of Ulta Beauty in the fourth quarter worth $224,000. Finally, BancorpSouth Bank bought a new position in shares of Ulta Beauty in the fourth quarter worth $230,000. 94.37% of the stock is owned by institutional investors.

NASDAQ ULTA traded down $2.01 on Friday, reaching $255.59. The company had a trading volume of 754,483 shares, compared to its average volume of 1,192,563. The stock has a market cap of $15.25 billion, a PE ratio of 31.32, a P/E/G ratio of 1.26 and a beta of 0.64. Ulta Beauty has a 1 year low of $187.96 and a 1 year high of $314.86.

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

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.

Get a free copy of the Zacks research report on Ulta Beauty (ULTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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