Ulta Beauty Stock Has Little Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Ulta Beauty, Inc. (ULTA)
Last ulta beauty, inc. earnings: 3/12 04:03 pm
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US:NASDAQ Investor Relations:
ir.ultabeauty.com/overview/default.aspx
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Source: Yahoo! Finance
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
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ULTA
News
- 62 Best Mother's Day Gifts To Show How Much You Care [Forbes]Forbes
- Will Weakness in Ulta Beauty, Inc.'s (NASDAQ:ULTA) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- A 'Shark Tank' beauty brand was criticized for lacking deep foundation shades. It tried to fix it and made it worse. [Business Insider]Business Insider
- Makeup brand criticized for creating deep black foundation shade reminiscent of black face paint [MSNBC.com]MSNBC.com
- Bubble Skincare Announces Collaboration with Disney and Pixar's Inside Out 2 [Yahoo! Finance]Yahoo! Finance
ULTA
Earnings
- 3/14/24 - Beat
ULTA
Sec Filings
- 4/24/24 - Form DEF
- 4/24/24 - Form DEFA14A
- 4/5/24 - Form SC
- ULTA's page on the SEC website