Ulta Beauty Inc. Forecasted to Earn Q4 2018 Earnings of $2.78 Per Share (ULTA)

Ulta Beauty Inc. (NASDAQ:ULTA) – Investment analysts at KeyCorp dropped their Q4 2018 earnings per share estimates for shares of Ulta Beauty in a research note issued to investors on Thursday. KeyCorp analyst J. Gere now forecasts that the specialty retailer will post earnings of $2.78 per share for the quarter, down from their previous forecast of $2.85. KeyCorp currently has a “Buy” rating and a $270.00 target price on the stock. KeyCorp also issued estimates for Ulta Beauty’s Q1 2019 earnings at $2.32 EPS, Q2 2019 earnings at $2.23 EPS, Q3 2019 earnings at $2.12 EPS and Q4 2019 earnings at $3.24 EPS.

ULTA has been the subject of several other reports. Robert W. Baird set a $265.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, October 23rd. Jefferies Group set a $350.00 target price on Ulta Beauty and gave the company a “buy” rating in a research note on Monday, August 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $330.00 target price on shares of Ulta Beauty in a research note on Monday, August 21st. Stifel Nicolaus reduced their target price on Ulta Beauty from $325.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, August 21st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $235.00 target price on shares of Ulta Beauty in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Ulta Beauty has a consensus rating of “Hold” and a consensus price target of $257.39.

Ulta Beauty (ULTA) traded down $0.83 during trading on Monday, hitting $223.14. The stock had a trading volume of 1,279,795 shares, compared to its average volume of 1,022,109. The stock has a market cap of $13,640.00, a PE ratio of 28.86, a P/E/G ratio of 1.37 and a beta of 0.55. Ulta Beauty has a 12 month low of $187.96 and a 12 month high of $314.86.

In related news, Director Charles Heilbronn bought 127,889 shares of the company’s stock in a transaction on Friday, October 13th. The shares were purchased at an average cost of $195.21 per share, with a total value of $24,965,211.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. QS Investors LLC grew its stake in shares of Ulta Beauty by 0.8% in the second quarter. QS Investors LLC now owns 730 shares of the specialty retailer’s stock worth $210,000 after purchasing an additional 6 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Ulta Beauty by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,645 shares of the specialty retailer’s stock worth $1,047,000 after purchasing an additional 25 shares in the last quarter. Cadence Capital Management LLC grew its stake in shares of Ulta Beauty by 0.3% in the second quarter. Cadence Capital Management LLC now owns 12,849 shares of the specialty retailer’s stock worth $3,692,000 after purchasing an additional 34 shares in the last quarter. CAPROCK Group Inc. grew its stake in shares of Ulta Beauty by 4.2% in the second quarter. CAPROCK Group Inc. now owns 884 shares of the specialty retailer’s stock worth $254,000 after purchasing an additional 36 shares in the last quarter. Finally, Ashford Capital Management Inc. grew its stake in shares of Ulta Beauty by 2.2% in the second quarter. Ashford Capital Management Inc. now owns 2,428 shares of the specialty retailer’s stock worth $698,000 after purchasing an additional 53 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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Ulta Beauty Company Profile

Ulta Beauty, Inc is a holding company for the Ulta Beauty group of companies. The Company is a beauty retailer. The Company offers cosmetics, fragrance, skin, hair care products and salon services. The Company offers approximately 20,000 products from over 500 beauty brands across all categories, including the Company’s own private label.

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

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