It’s Time to Buy the Dip in Ulta Beauty Inc. [ULTA] Stock

In a recent bid Ulta Beauty Inc. [ULTA] faced a contemporary bid of $282.45 yielding a 3.57% incline where 1.62 million shares have exchanged hands over the last week. ULTA amount got a fall by -2.45% or -$7.08 versus $289.53 at the end of the prior session. This change led market cap to move at 16.20B, putting the price 127.69% below the 52-week high and -7.29% above the 52-week low. The company’s stock has a normal trading capacity of 1.62 million shares while the relative volume is 4.26.

On 3, December 2020, Ulta Beauty Announces Third Quarter Fiscal 2020 Results. According to news published on Yahoo Finance, Net Sales of $1.6 billion compared to $1.7 billion in the year-ago quarter .

Analyst Birdseye View:

The most recent analyst activity for Ulta Beauty Inc. [NASDAQ:ULTA] stock was on November 24, 2020, when it was Downgrade with a Hold rating from Jefferies, which also raised its 12-month price target on the stock to $300. Before that, on December 04, 2020, Telsey Advisory Group Recapitulated an Outperform rating and elevated its amount target to $315. On August 28, 2020, UBS Reiterated a Buy rating and boosted its price target on this stock from $260 to $280. On August 28, 2020, Telsey Advisory Group Reiterated an Outperform rating and increased its price target from $280 to $295. On August 28, 2020, Oppenheimer Reiterated an Outperform rating and increased its price target to $280. On August 28, 2020, Barclays Reiterated an Overweight rating and boosted its amount target on this stock to $300. On August 12, 2020, BofA Securities Initiated a Neutral rating and boosted its target amount on this stock to $230. On June 19, 2020, Barclays Upgrade an Overweight rating and improved its amount target to $276.

In the past 52 weeks of trading, this stock has oscillated between a low of $124.05 and a peak of $304.65. Right now, according to Wall Street analyst the average 12-month amount target is $298.08. At the most recent market close, shares of Ulta Beauty Inc. [NASDAQ:ULTA] were valued at $282.45. According to the average price forecast, investors can expect a potential return of 6.63%.

FUNDAMENTAL ANALYSIS

Ulta Beauty Inc. [NASDAQ:ULTA] most recently reported quarterly sales of 1.23 billion, which represented growth of -26.30%. This publicly-traded organization’s revenue is $168,138 per employee, while its income is $16,044 per employee. This company’s Gross Margin is currently 32.30%, its Operating Margin is 5.70%, its Pretax Margin is +12.25, and its Net Margin is +9.54. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 16.17, 37.93, 32.52 and 26.04 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 50.47 and the whole liability to whole assets at 35.55. It shows enduring liability to the whole principal at 44.23 and enduring liability to assets at 0.31 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 283.47 points at 1st support level, the second support level is making up to 277.42. But as of 1st resistance point, this stock is sitting at 294.55 and at 299.58 for 2nd resistance point.

Ulta Beauty Inc. [ULTA] reported its earnings at $1.64 per share in the fiscal quarter closing of 10/30/2020. The Analysts for Wall Street were expecting to report its earnings at $1.49/share signifying the difference of 0.15 and 10.10% surprise value. Comparing the previous quarter ending of 7/30/2020, the stated earnings were $0.73 calling estimates for $0.06/share with the difference of 0.67 depicting the surprise of 1,116.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ulta Beauty Inc. [NASDAQ:ULTA] is 2.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.44. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.10, it’s amount to book ratio is 7.97 and showing 59.22 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Nagler Lorna, Director, and it was the sale of 3000.0 shares on Sep 04. MRKONIC GEORGE R JR, the Director, completed a sale of 2351.0 shares on Sep 02. On Sep 01, Halligan Catherine Ann, Director, completed a sale of 250.0 shares.