Equities analysis analysts anticipate Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) to report $2.13 billion in gross sales for the present quarter, Zacks experiences. Ten analysts have issued estimates for Ulta Beauty’s earnings. The highest gross sales estimate is $2.19 billion and the bottom is $2.07 billion. Ulta Beauty reported gross sales of $1.94 billion throughout the identical quarter final 12 months, which might recommend a optimistic year-over-year development price of 9.8%. The firm is scheduled to announce its subsequent quarterly earnings outcomes on Monday, January 1st.
On common, analysts anticipate that Ulta Beauty will report full-year gross sales of $9.18 billion for the present 12 months, with estimates starting from $9.11 billion to $9.30 billion. For the following monetary 12 months, analysts forecast that the corporate will put up gross sales of $9.84 billion, with estimates starting from $9.60 billion to $10.05 billion. Zacks’ gross sales averages are a median primarily based on a survey of sell-side analysis companies that observe Ulta Beauty.
Ulta Beauty (NASDAQ:ULTA – Get Rating) final launched its quarterly earnings outcomes on Thursday, March tenth. The specialty retailer reported $5.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.56 by $0.85. The enterprise had income of $2.73 billion throughout the quarter, in comparison with analyst estimates of $2.69 billion. Ulta Beauty had a internet margin of 11.42% and a return on fairness of 54.42%. The enterprise’s income was up 24.1% on a year-over-year foundation. During the identical interval final 12 months, the enterprise earned $3.41 EPS.
Various analysis analysts have just lately issued experiences on the inventory. Zacks Investment Research downgraded shares of Ulta Beauty from a “strong-buy” score to a “maintain” score and set a $391.00 worth goal on the inventory. in a analysis report on Wednesday, February 2nd. DA Davidson lower their worth goal on shares of Ulta Beauty from $500.00 to $450.00 in a analysis report on Friday, March eleventh. Robert W. Baird lowered their goal worth on shares of Ulta Beauty from $480.00 to $450.00 in a analysis be aware on Friday, March eleventh. Raymond James lowered their goal worth on shares of Ulta Beauty from $485.00 to $450.00 and set an “outperform” score on the inventory in a analysis be aware on Wednesday, January twenty sixth. Finally, BMO Capital Markets raised their goal worth on shares of Ulta Beauty from $365.00 to $385.00 and gave the corporate a “market carry out” score in a analysis be aware on Friday, March eleventh. Ten analysts have rated the inventory with a maintain score and fourteen have issued a purchase score to the corporate’s inventory. According to knowledge from MarketBeat.com, the inventory presently has a median score of “Buy” and a median worth goal of $446.64.
ULTA inventory traded up $0.15 throughout mid-day buying and selling on Monday, hitting $415.65. 552,421 shares of the corporate have been exchanged, in comparison with its common quantity of 594,245. The firm has a market capitalization of $21.75 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of two.18 and a beta of 1.65. Ulta Beauty has a twelve month low of $299.77 and a twelve month excessive of $422.43. The agency has a fifty day easy transferring common of $383.35 and a 200 day easy transferring common of $384.16.
In different information, insider Jodi J. Caro offered 5,340 shares of the enterprise’s inventory in a transaction on Wednesday, March sixteenth. The shares have been offered at a median worth of $384.54, for a complete worth of $2,053,443.60. The sale was disclosed in a authorized submitting with the Securities & Exchange Commission, which is offered by way of this hyperlink. 3.10% of the inventory is owned by insiders.
Various institutional buyers have just lately made adjustments to their positions in ULTA. Wellington Management Group LLP boosted its stake in shares of Ulta Beauty by 690.5% in the third quarter. Wellington Management Group LLP now owns 1,085,120 shares of the specialty retailer’s inventory valued at $391,641,000 after buying a further 947,858 shares in the final quarter. Norges Bank acquired a brand new stake in shares of Ulta Beauty in the 4th quarter valued at $202,400,000. BlackRock Inc. boosted its stake in shares of Ulta Beauty by 11.4% in the 4th quarter. BlackRock Inc. now owns 4,234,911 shares of the specialty retailer’s inventory valued at $1,746,223,000 after buying a further 434,595 shares in the final quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ulta Beauty by 187.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 640,560 shares of the specialty retailer’s inventory valued at $231,191,000 after buying a further 417,705 shares in the final quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Ulta Beauty by 102.5% in the third quarter. UBS Asset Management Americas Inc. now owns 455,034 shares of the specialty retailer’s inventory valued at $164,231,000 after buying a further 230,320 shares in the final quarter. 88.92% of the inventory is at the moment owned by hedge funds and different institutional buyers.
About Ulta Beauty (Get Rating)
Ulta Beauty, Inc operates as a retailer of magnificence merchandise in the United States. The firm’s shops provide cosmetics, fragrances, skincare and haircare merchandise, tub and physique merchandise, and salon styling instruments; skilled hair merchandise; salon companies, together with hair, pores and skin, make-up, and forehead companies; and nail companies.
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