Ulta Beauty, Inc. (NASDAQ:ULTA) Expected to Post Earnings of $4.43 Per Share

Wall Street analysts count on Ulta Beauty, Inc. (NASDAQ:ULTA – Get Rating) to announce earnings per share (EPS) of $4.43 for the present fiscal quarter, in accordance to Zacks. Ten analysts have issued estimates for Ulta Beauty’s earnings, with estimates starting from $3.88 to $4.79. Ulta Beauty posted earnings of $4.10 per share in the identical quarter final yr, which suggests a constructive year-over-year progress fee of 8%. The enterprise is scheduled to announce its subsequent quarterly earnings outcomes on Monday, January 1st.
According to Zacks, analysts count on that Ulta Beauty will report full yr earnings of $18.58 per share for the present yr, with EPS estimates starting from $18.20 to $19.00. For the subsequent fiscal yr, analysts count on that the corporate will publish earnings of $20.56 per share, with EPS estimates starting from $20.04 to $21.39. Zacks Investment Research’s EPS calculations are a median primarily based on a survey of analysts that that present protection for Ulta Beauty.

Ulta Beauty (NASDAQ:ULTA – Get Rating) final posted its quarterly earnings knowledge on Thursday, March tenth. The specialty retailer reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.85. The firm had income of $2.73 billion throughout the quarter, in contrast to analysts’ expectations of $2.69 billion. Ulta Beauty had a web margin of 11.42% and a return on fairness of 54.42%. The agency’s income for the quarter was up 24.1% on a year-over-year foundation. During the identical interval within the prior yr, the corporate posted $3.41 EPS.

Several equities analysts have just lately commented on the inventory. Robert W. Baird diminished their worth goal on shares of Ulta Beauty from $480.00 to $450.00 in a analysis report on Friday, March eleventh. InventoryNews.com assumed protection on shares of Ulta Beauty in a analysis report on Thursday, March thirty first. They set a “maintain” score on the inventory. BMO Capital Markets elevated their worth goal on shares of Ulta Beauty from $365.00 to $385.00 and gave the inventory a “market carry out” score in a analysis report on Friday, March eleventh. Credit Suisse Group reaffirmed a “purchase” score and set a $455.00 worth goal on shares of Ulta Beauty in a analysis report on Friday, March eleventh. Finally, Barclays elevated their worth goal on shares of Ulta Beauty from $440.00 to $469.00 and gave the inventory an “chubby” score in a analysis report on Monday, March 14th. Ten equities analysis analysts have rated the inventory with a maintain score and fourteen have issued a purchase score to the inventory. Based on knowledge from MarketBeat, the corporate at the moment has a consensus score of “Buy” and a median worth goal of $446.64.
NASDAQ:ULTA traded up $0.15 on Friday, reaching $415.65. The inventory had a buying and selling quantity of 552,421 shares, in contrast to its common quantity of 594,245. The firm has a 50-day transferring common of $383.35 and a 200 day transferring common of $384.16. The inventory has a market cap of $21.75 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.65. Ulta Beauty has a 12-month low of $299.77 and a 12-month excessive of $422.43.
In different information, insider Jodi J. Caro bought 5,340 shares of Ulta Beauty inventory in a transaction that occurred on Wednesday, March sixteenth. The inventory was bought at a median worth of $384.54, for a complete transaction of $2,053,443.60. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via the SEC web site. Insiders personal 3.10% of the corporate’s inventory.
A quantity of giant traders have just lately made adjustments to their positions within the inventory. IFM Investors Pty Ltd raised its holdings in Ulta Beauty by 15.3% throughout the first quarter. IFM Investors Pty Ltd now owns 8,215 shares of the specialty retailer’s inventory value $3,271,000 after buying a further 1,091 shares within the final quarter. Ritholtz Wealth Management elevated its holdings in shares of Ulta Beauty by 19.8% within the first quarter. Ritholtz Wealth Management now owns 604 shares of the specialty retailer’s inventory valued at $241,000 after shopping for a further 100 shares within the final quarter. Bender Robert & Associates elevated its holdings in shares of Ulta Beauty by 3.2% within the first quarter. Bender Robert & Associates now owns 26,756 shares of the specialty retailer’s inventory valued at $10,655,000 after shopping for a further 841 shares within the final quarter. AdvisorNet Financial Inc elevated its holdings in shares of Ulta Beauty by 7.0% within the first quarter. AdvisorNet Financial Inc now owns 660 shares of the specialty retailer’s inventory valued at $263,000 after shopping for a further 43 shares within the final quarter. Finally, Scout Investments Inc. elevated its holdings in shares of Ulta Beauty by 111.3% within the first quarter. Scout Investments Inc. now owns 143,318 shares of the specialty retailer’s inventory valued at $57,072,000 after shopping for a further 75,490 shares within the final quarter. 88.92% of the inventory is at the moment owned by hedge funds and different institutional traders.
Ulta Beauty Company Profile (Get Rating)
Ulta Beauty, Inc operates as a retailer of magnificence merchandise within the United States. The firm’s shops provide cosmetics, fragrances, skincare and haircare merchandise, bathtub 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.
See Also

Get a free copy of the Zacks analysis report on Ulta Beauty (ULTA)
For extra details about analysis choices from Zacks Investment Research, go to Zacks.com

Receive News & Ratings for Ulta Beauty Daily – Enter your electronic mail tackle under to obtain a concise day by day abstract of the newest information and analysts’ rankings for Ulta Beauty and associated firms with MarketBeat.com’s FREE day by day electronic mail e-newsletter.

https://www.defenseworld.net/2022/04/17/ulta-beauty-inc-nasdaqulta-expected-to-post-earnings-of-4-43-per-share.html

Recommended For You