Ulta Beauty Inc [ULTA] stock prices are down -0.85% to $450.95 at the moment. 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 2.49% over the last week, with a monthly amount drifted -17.79%, 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 April 10, 2024, when Jefferies reiterated its Buy rating and also revised its price target to $585 from $610. Previously, Loop Capital upgraded its rating to Buy on April 08, 2024, and kept the price target unchanged to $540. On April 04, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $500 on the stock. JP Morgan reiterated its Overweight rating and increased its price target to $600 on February 15, 2024. Loop Capital downgraded its rating to a Hold but $530 remained the price target by the analyst firm on February 14, 2024. Evercore ISI started tracking with a Outperform rating for this stock on November 07, 2023, and assigned it a price target of $460. In a note dated June 13, 2023, Loop Capital upgraded an Buy rating on this stock and boosted its target price from $490 to $520.
The stock price of Ulta Beauty Inc [ULTA] has been fluctuating between $368.02 and $574.76 over the past year. Currently, Wall Street analysts expect the stock to reach $540.52 within the next 12 months. Ulta Beauty Inc [NASDAQ: ULTA] shares were valued at $450.95 at the most recent close of the market. An investor can expect a potential return of 19.86% based on the average ULTA price forecast.
Analyzing the ULTA fundamentals
The Ulta Beauty Inc [NASDAQ:ULTA] reported sales of 11.21B for trailing twelve months, representing a surge of 10.15%. 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 0.23, Equity is 0.62 and Total Capital is 0.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
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 446.89 points at the first support level, and at 442.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 454.36, and for the 2nd resistance point, it is at 457.76.
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’s worth pointing out that Ulta Beauty Inc [NASDAQ:ULTA]’s Current Ratio is 1.70. Further, the Quick Ratio stands at 0.65, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 9.56 and price to earnings (TTM) ratio is 17.31.
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.
