The retailer hiked its full-year outlook slightly to reflect the better-than-expected results.
ULTA's Q3 results are likely to reflect challenges from volatile consumer behavior, rising competition and elevated SG&A expenses.
Get a deeper insight into the potential performance of Ulta (ULTA) for the quarter ended October 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Cosmetic companies' stocks had a colorful morning Monday, with their shares moving in various directions as investors digested preliminary Black Friday data.
As one of the most famous investors of all time, Warren Buffett's stock market maneuvers are closely tracked by investors hoping to emulate his successes.
Ulta Beauty Inc (NASDAQ:ULTA) stock is leading the S&P 500 Index (SPX) today ahead of the cosmetics retailer's third-quarter results, which are due out after the market closes on Thursday, Dec. 5.
Despite a lackluster year and a 31% YTD decline, I upgrade Ulta Beauty stock to a strong buy, citing market pessimism and undervaluation. ULTA's resilient business, operational excellence, and shareholder-friendly strategies remain unchanged, making it a compelling long-term investment. Valuation metrics and reverse DCF analysis indicate ULTA is over 25% undervalued, with a fair value closer to $450-$500.
Ulta Beauty (ULTA) reachead $360.47 at the closing of the latest trading day, reflecting a -0.6% change compared to its last close.
Warren Buffett Just Trimmed His Stake in Ulta Beauty Stock. Time to Sell?
Ulta Beauty's stock has dropped 22% YTD, but it remains attractive with a modest valuation and good growth potential from store expansions, loyalty programs, share repurchases, and industry growth. I've downgraded the stock from a "Strong Buy" to a "Buy" based on a combination of a higher share price since I last wrote about it and lower EPS estimates. ULTA plans to open 200 new stores, expand into Mexico, and increase loyalty members, driving future growth and potential share price recovery to $500+.
I have upgraded Ulta Beauty stock to a Buy rating due to promising store expansion plans and undervaluation by the market. ULTA's shift towards aggressive store expansion, including geographical growth into Mexico, is expected to boost future growth beyond conservative management targets. Despite current market pessimism, I believe Ulta can overachieve 4-6% revenue growth, making its shares undervalued by approximately 14-15%.
Ulta Beauty (ULTA) reachead $380.54 at the closing of the latest trading day, reflecting a -1.23% change compared to its last close.