At the time of writing, Ulta Beauty Inc [ULTA] stock is trading at $567.18, up 2.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ULTA shares have gain 3.44% over the last week, with a monthly amount glided 8.02%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Ulta Beauty to Report Fourth Quarter and Fiscal 2023 Results on March 14, 2024. In a post published today on Yahoo Finance, Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that its financial results for the fourth quarter and fiscal 2023 will be released Thursday, March 14, 2024, after the market closes. The Company will host a conference call at 4:30 p.m. ET / 3:30 p.m. CT to discuss the financial results.
From an analyst’s perspective:
Ulta Beauty Inc [NASDAQ: ULTA] stock has seen the most recent analyst activity on February 15, 2024, when JP Morgan reiterated its Overweight rating and also boosted its price target to $600 from $535. Previously, Loop Capital downgraded its rating to Hold on February 14, 2024, and kept the price target unchanged to $530. On November 07, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $460 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $520 on June 13, 2023. Oppenheimer reiterated its recommendation of a Outperform and reduced its price target to $575 on May 19, 2023. Canaccord Genuity started tracking with a Buy rating for this stock on March 28, 2023, and assigned it a price target of $622. In a note dated January 06, 2023, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $450 to $400.
For the past year, the stock price of Ulta Beauty Inc fluctuated between $368.02 and $563.17. Currently, Wall Street analysts expect the stock to reach $495.41 within the next 12 months. Ulta Beauty Inc [NASDAQ: ULTA] shares were valued at $567.18 at the most recent close of the market. An investor can expect a potential drop of -12.65% based on the average ULTA price forecast.
Analyzing the ULTA fundamentals
According to Ulta Beauty Inc [NASDAQ:ULTA], the company’s sales were 10.88B for trailing twelve months, which represents an 6.42% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.61 and Total Capital is 0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 559.51 points at the first support level, and at 551.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 573.66, and for the 2nd resistance point, it is at 580.15.
Ratios To Look Out For
It is important to note that Ulta Beauty Inc [NASDAQ:ULTA] has a current ratio of 1.52. Further, the Quick Ratio stands at 0.26, while the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 13.61 and price to earnings (TTM) ratio is 23.01.
Transactions by insiders
Recent insider trading involved Nagler Lorna, Director, that happened on Dec 13 ’23 when 500.0 shares were sold. GC, Chief Risk & Compl. Ofc., Caro Jodi J completed a deal on Dec 12 ’23 to sell 1804.0 shares. Meanwhile, Director Halligan Catherine Ann sold 400.0 shares on Jun 15 ’23.
