Factors Likely to Have Influenced Earnings Results Ulta Beauty Stock Forecast, Price & News (NASDAQ:ULTA)

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Earnings results for Ulta Beauty Stock Forecast, Price & News (NASDAQ:ULTA)

Ulta Beauty, Inc. is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 13 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.15. The reported EPS for the same quarter last year was $2.76.

Ulta Beauty last posted its earnings results on May 28th, 2020. The specialty retailer reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $2.00. The company earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Its revenue was down 32.7% on a year-over-year basis. Ulta Beauty has generated $11.91 earnings per share over the last year and currently has a price-to-earnings ratio of 29.4. Ulta Beauty has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Ulta Beauty Stock Forecast, Price & News (NASDAQ:ULTA)

29 Wall Street analysts have issued ratings and price targets for Ulta Beauty in the last 12 months. Their average twelve-month price target is $255.36, predicting that the stock has a possible upside of 15.67%. The high price target for ULTA is $330.00 and the low price target for ULTA is $190.00. There are currently 11 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Ulta Beauty has received a consensus rating of Buy. The company’s average rating score is 2.62, and is based on 18 buy ratings, 11 hold ratings, and no sell ratings. According to analysts’ consensus price target of $255.36, Ulta Beauty has a forecasted upside of 15.7% from its current price of $220.76. Ulta Beauty has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Ulta Beauty Stock Forecast, Price & News (NASDAQ:ULTA)

Ulta Beauty does not currently pay a dividend. Ulta Beauty does not have a long track record of dividend growth.

Insiders buying/selling: Ulta Beauty Stock Forecast, Price & News (NASDAQ:ULTA)

In the past three months, Ulta Beauty insiders have sold 1,892.29% more of their company’s stock than they have bought. Specifically, they have bought $48,250.00 in company stock and sold $961,280.00 in company stock. Only 4.70% of the stock of Ulta Beauty is held by insiders. 86.94% of the stock of Ulta Beauty is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Ulta Beauty Stock Forecast, Price & News (NASDAQ:ULTA

Earnings for Ulta Beauty are expected to grow by 144.32% in the coming year, from $4.40 to $10.75 per share. The P/E ratio of Ulta Beauty is 29.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Ulta Beauty is 29.40, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.97. Ulta Beauty has a PEG Ratio of 3.99. PEG Ratios above 1 indicate that a company could be overvalued. Ulta Beauty has a P/B Ratio of 6.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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