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Stockreport

Ulta Beauty Stock Has Little Upside, According to 1 Wall Street Analyst [Yahoo! Finance]

Ulta Beauty, Inc. (ULTA)  More Company Research Source: Yahoo! Finance
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
The spa and beauty products retailer posted higher earnings in its most recent quarter, yet sales trends were disappointingly weak. That bearish narrative might not improve, at least in the short term. Last week, an analyst at Jefferies downgraded the stock from a buy rating to a hold while slashing the firm's 12-month price target. Ulta Beauty might land at $438 per share in that time, representing very little upside from its current price of roughly $415 per share. The analyst's prior target was $585 per share. Why is Ulta stock down? The analyst points out that the retailer faces some big headwinds. For one, the makeup category is slowing down to a more normal growth rate following its post-pandemic spike. Competition is rising at the same time, according to the downgrade. I'm sympathetic to those concerns. In March, Ulta Beauty reported just a 2.5% uptick in comparable-store sales to close out 2023 while projecting 4% to 5% gains in fiscal 2024 (compared to 6% gains last y [Read more]
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Stockreport

Ulta Beauty Stock Has Little Upside, According to 1 Wall Street Analyst [Yahoo! Finance]

Ulta Beauty, Inc.  (ULTA) 
More Company Research Source: Yahoo! Finance
Last ulta beauty, inc. earnings: 3/12 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
The spa and beauty products retailer posted higher earnings in its most recent quarter, yet sales trends were disappointingly weak. That bearish narrative might not improve, at least in the short term. Last week, an analyst at Jefferies downgraded the stock from a buy rating to a hold while slashing the firm's 12-month price target. Ulta Beauty might land at $438 per share in that time, representing very little upside from its current price of roughly $415 per share. The analyst's prior target was $585 per share. Why is Ulta stock down? The analyst points out that the retailer faces some big headwinds. For one, the makeup category is slowing down to a more normal growth rate following its post-pandemic spike. Competition is rising at the same time, according to the downgrade. I'm sympathetic to those concerns. In March, Ulta Beauty reported just a 2.5% uptick in comparable-store sales to close out 2023 while projecting 4% to 5% gains in fiscal 2024 (compared to 6% gains last y [Read more]
IMPACT SNAPSHOT
EVENT TIME:
ULTA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS