Ulta Beauty's (ULTA) first-quarter results are likely to reflect favorable trends in the beauty space and healthy traffic, while elevated SG&A costs and a lower gross margin are expected.
Beauty is one of the most dependable industries, and Ulta Beauty, Inc. is not going anywhere. Any short-term pain is temporary and should not affect the long-term earnings power of the business. Ulta Beauty, Inc. is a classic value stock. This is a company with massive free cash flow, cash reserves, zero debt, $2B stock buyback in place, and has grown revenue by 18.4% over the past seventeen years.
Ulta Beauty's business is fine and the stock is cheap. The valuation could rebound in the near term or could stay cheap, allowing management to buy back more shares and boost value even more over the longer term.
In the most recent trading session, Ulta Beauty (ULTA) closed at $381.78, indicating a +1.5% shift from the previous trading day.
Get a deeper insight into the potential performance of Ulta (ULTA) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Ulta (ULTA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ulta Beauty (ULTA) closed the most recent trading day at $378.33, moving -0.92% from the previous trading session.
Zacks.com users have recently been watching Ulta (ULTA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Ulta Beauty's management gave tepid guidance for its fiscal 2024. Despite macroeconomic headwinds, its fiscal 2023 performance was admirable.
In the latest trading session, Ulta Beauty (ULTA) closed at $401.04, marking a -0.59% move from the previous day.