At the time of writing, Ulta Beauty Inc [ULTA] stock is trading at $519.68, down -1.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The ULTA shares have gain 2.79% over the last week, with a monthly amount drifted -5.51%, and not seem to be holding up well over a long-time horizon.
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On 25, March 2024, Ulta Beauty to Participate in Upcoming Investor Conference. In a post published today on Yahoo Finance, Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that Dave Kimbell, chief executive officer, and Paula Oyibo, senior vice president of finance and incoming chief financial officer, will participate in a Fireside Chat at J.P. Morgan’s 10th Annual Retail Roundup investor conference on Wednesday, April 3, 2024 at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time.
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 $574.76. Currently, Wall Street analysts expect the stock to reach $544.87 within the next 12 months. Ulta Beauty Inc [NASDAQ: ULTA] shares were valued at $519.68 at the most recent close of the market. An investor can expect a potential return of 4.85% based on the average ULTA price forecast.
Analyzing the ULTA fundamentals
According to Ulta Beauty Inc [NASDAQ:ULTA], the company’s sales were 11.21B for trailing twelve months, which represents an 10.15% 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 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 0.62 and Total Capital is 0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.84.
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 514.49 points at the first support level, and at 509.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 526.83, and for the 2nd resistance point, it is at 533.99.
Ulta Beauty Inc [ULTA] reported earnings per share of $8.08 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $7.53/share, meaning a difference of $0.55 and a surprise factor of 7.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $5.07 per share as compared to estimates of $4.95 per share, a difference of $0.12 representing a surprise of 2.40%.
Ratios To Look Out For
It is important to note that Ulta Beauty Inc [NASDAQ:ULTA] has a current ratio of 1.70. On the other hand, the Quick Ratio is 0.65, and the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 11.02 and price to earnings (TTM) ratio is 19.95.
Transactions by insiders
Recent insider trading involved Steelman Kecia, President and COO, that happened on Mar 19 ’24 when 20950.0 shares were sold. Chief Human Resources Officer, Ryan Anita Jane completed a deal on Mar 19 ’24 to sell 3102.0 shares. Meanwhile, Director Halligan Catherine Ann sold 500.0 shares on Mar 19 ’24.
