Ulta Magnificence (ULTA) will announce quarterly earnings on Thursday

Ulta Magnificence (ULTA) will announce quarterly earnings on Thursday

Ulta Magnificence (NASDAQ:ULTA – Get Ranking) will submit earnings outcomes after the market shut on Thursday, December 1. Analysts count on the corporate to submit earnings of $4.06 per share in the course of the quarter. Those that want to enroll in the corporate’s earnings convention name can achieve this utilizing this hyperlink.

Ulta Magnificence (NASDAQ:ULTA – Get Ranking) posted its final quarterly earnings outcomes on Thursday, August 25. The specialty retailer reported earnings of $5.7 per share for the quarter. , which is above analysts’ consensus estimate of $4.96 x $0.74. The enterprise had $2.30 billion in income for the quarter, in contrast with consensus estimates of $2.20 billion. Ulta Magnificence has a internet revenue margin of 12.08% and a return on fairness of 64.33%. Ulta Magnificence’s income for the quarter grew 16.8% year-over-year. Throughout the identical interval final yr, the corporate posted earnings of $4.56 per share. On common, analysts count on Ulta Magnificence to submit $21 EPS for the present fiscal yr and $23 for the subsequent fiscal yr.

Ulta Magnificence Value Efficiency

ULTA opened at $447.37 on Thursday. The corporate has a market capitalization of $22.92 billion, a price-to-earnings ratio of 20.95, a price-to-earnings progress ratio of 1.50, and a beta of 1.32. The corporate has a 50-day easy transferring common of $409.60 and a 200-day easy transferring common of $401.74. Ulta Magnificence had a fifty-two-week low of $330.80 and a fifty-two-week excessive of $451.48.

Inside buying and selling

In associated information, Director Catherine Ann Halligan offered 276 shares of the corporate’s shares in a transaction on Thursday, September 8. The shares offered for a mean value of $445.86, with complete transaction is 123,057.36 {dollars}. After the transaction, the director now immediately owns 2,168 shares of the corporate, price $966,624.48. The transaction was disclosed in a regulatory submitting with the SEC, obtainable by way of this hyperlink. In different Ulta Magnificence information, insider Anita Jane Ryan offered 594 shares in a transaction on Wednesday, September 7. The shares offered for a mean value of $440.53, with complete transaction was $261,674.82. After the sale, the insider now immediately owns 2,482 shares within the firm, price $1,093,395.46. The sale was disclosed in a Securities & Trade Fee submitting, obtainable at this hyperlink. Moreover, Director Catherine Ann Halligan offered 276 shares in a transaction on Thursday, September 8. Shares offered for a mean value of $445.86, for a complete transaction of $123,057.36. la. After the sale, the director now owns 2,168 shares within the firm, price $966,624.48. Disclosure for this sale will be discovered right here. 2.00% of the shares are owned by insiders.

Institutional Buyers Think about Ulta Magnificence

A number of massive buyers have just lately purchased and offered the corporate’s inventory. Kinneret Advisory LLC elevated its shareholding in Ulta Magnificence to 2.2% within the first quarter. Kinneret Advisory LLC now owns 1,526 shares of the specialty retailer price $608,000 after shopping for 33 extra shares final quarter. Echo Road Capital Administration LLC elevated its share possession in Ulta Magnificence to 38.9% within the first quarter. Echo Road Capital Administration LLC now owns 1,386 shares of the specialty retailer price $552,000 after shopping for an extra 388 shares final quarter. NewEdge Advisors LLC bought a brand new stake in Ulta Magnificence inventory in Q2 price roughly $498,000. Ergoteles LLC elevated its stake in Ulta Magnificence’s shares to 100.0% within the first quarter. Ergoteles LLC now owns 1,236 shares of the specialty retailer price $492,000 after shopping for an extra 618 shares final quarter. Lastly, Loomis Sayles & Co. LP elevated its stake in Ulta Magnificence to 38.6% within the first quarter. Loomis Sayles & Co. LP now owns 1,117 shares of the specialty retailer price $444,000 after shopping for an extra 311 shares final quarter. 89.20% of the shares at the moment are owned by institutional buyers and hedge funds.

Wall Road Analysts Forecast Progress

ULTA has been the topic of a number of current analytical experiences. Raymond James raised their value goal on shares of Ulta Magnificence from $485.00 to $505.00 and rated the corporate as “sturdy purchase” in a analysis be aware on Friday, Aug. UBS Company raised their value goal for Ulta Magnificence inventory to $540 in a analysis report on Wednesday, Nov. 16, Piper Sandler elevated their value goal on Ulta’s inventory. Magnificence from $485.00 to $510.00 and rated the corporate as “obese” in a report Friday, August 26. Cowen raised their value goal on Ulta Magnificence inventory from $480, 00 to $503.00 and score the corporate as “outperform” in a report on Friday, August 26. Lastly, Deutsche Financial institution Aktiengesellschaft raised its share value goal of Ulta Magnificence from $548.00 to $563. .00 and a “purchase” score for the corporate in a report on Wednesday, Aug. 24. Six analysts have rated the inventory a maintain, 16 analysts have assigned a purchase score. and one individual has given the corporate a powerful purchase score. Based mostly on information from MarketBeat, the corporate at the moment has a mean score of “Reasonable Purchase” and a consensus goal value of $485.71.

Firm Profile Ulta Magnificence

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Ulta Magnificence, Inc. is engaged in retailing magnificence merchandise. The corporate has a reported section, which incorporates retail shops, salon providers, and e-commerce. Its merchandise embrace make-up, skincare, instruments and brushes, perfumes, physique washes and lotions. Ulta was based on January 9, 1990 and is headquartered in Bolingbrook, IL.

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