Ulta Beauty Inc (NASDAQ:ULTA) – Investment analysts at William Blair issued their Q1 2021 earnings per share estimates for Ulta Beauty in a report released on Monday, May 20th. William Blair analyst D. Hofkin expects that the specialty retailer will earn $3.59 per share for the quarter. William Blair also issued estimates for Ulta Beauty’s Q2 2021 earnings at $3.35 EPS, Q3 2021 earnings at $3.12 EPS and Q4 2021 earnings at $4.96 EPS.
A number of other equities analysts have also recently issued reports on the company. Oppenheimer raised their target price on Ulta Beauty to $400.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Loop Capital lifted their price objective on Ulta Beauty from $265.00 to $300.00 and gave the company a “hold” rating in a report on Monday, March 4th. UBS Group lifted their price objective on Ulta Beauty from $310.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 11th. Nomura reiterated a “neutral” rating and set a $311.00 price objective (up previously from $305.00) on shares of Ulta Beauty in a report on Tuesday, February 19th. They noted that the move was a valuation call. Finally, BidaskClub upgraded Ulta Beauty from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Ulta Beauty currently has an average rating of “Buy” and a consensus price target of $343.29.
Shares of ULTA opened at $349.09 on Tuesday. Ulta Beauty has a 1 year low of $224.43 and a 1 year high of $359.69. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 1.46 and a beta of 0.99.
Ulta Beauty (NASDAQ:ULTA) last issued its earnings results on Thursday, March 14th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.56 by $0.05. Ulta Beauty had a return on equity of 36.09% and a net margin of 9.80%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the business earned $2.75 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year.
In related news, Director Catherine Ann Halligan sold 704 shares of Ulta Beauty stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $342.97, for a total value of $241,450.88. Following the sale, the director now owns 10,423 shares of the company’s stock, valued at approximately $3,574,776.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis K. Eck sold 10,000 shares of Ulta Beauty stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $352.83, for a total value of $3,528,300.00. Following the completion of the sale, the director now directly owns 220,000 shares in the company, valued at approximately $77,622,600. The disclosure for this sale can be found here. In the last three months, insiders sold 426,250 shares of company stock worth $143,394,373. 5.60% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in ULTA. Legal & General Group Plc raised its position in Ulta Beauty by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 272,537 shares of the specialty retailer’s stock valued at $76,900,000 after buying an additional 5,295 shares during the last quarter. Meeder Asset Management Inc. raised its position in Ulta Beauty by 254.6% in the 4th quarter. Meeder Asset Management Inc. now owns 1,085 shares of the specialty retailer’s stock valued at $266,000 after buying an additional 779 shares during the last quarter. Gillespie Robinson & Grimm Inc. raised its position in Ulta Beauty by 18.8% in the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 77,533 shares of the specialty retailer’s stock valued at $18,983,000 after buying an additional 12,295 shares during the last quarter. Strs Ohio raised its position in Ulta Beauty by 203.1% in the 4th quarter. Strs Ohio now owns 71,762 shares of the specialty retailer’s stock valued at $17,570,000 after buying an additional 48,089 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ulta Beauty during the 4th quarter worth approximately $1,520,000. 92.55% of the stock is currently owned by institutional investors and hedge funds.
About Ulta Beauty
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
Featured Story: Risk Tolerance
Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter.