Ulta Beauty is a buy due to bullish price action, including higher highs and lows, and trading above its 30-week EMA for three weeks. Momentum is positive, with the Percentage Price Oscillator (PPO) indicating both short-term and long-term bullish trends. Volume analysis suggests institutional investors are accumulating ULTA, and relative strength shows recent outperformance against the S&P 500.
Ulta Beauty, Inc. (NASDAQ:ULTA ) Raymond James 2024 TMT & Consumer Conference December 11, 2024 10:40 AM ET Company Participants Dave Kimbell - CEO Paula Oyibo - CFO Conference Call Participants Olivia Tong - Raymond James Olivia Tong Okay. Well, thank you, everybody, for joining us at Raymond James' Consumer & TMT Conference.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Shares of cosmetics retailer Ulta Beauty (ULTA 10.62%) popped on Friday after its financial results for the third quarter of 2024 came in above investors' expectations. Expectations were quite low and so now investors are rethinking things.
Beaten-down Ulta Beauty stock is notably higher Friday after the cosmetics retailer's strong earnings report and encouraging outlook.
Ulta Beauty Inc (NASDAQ:ULTA) delivered profits for the third quarter that far exceeded market expectations, sending shares of the beauty retailer more than 10% higher in early trade. Earnings per share of $5.14 topped estimates of $4.55 and were up from $5.07 in the year-ago quarter.
Beauty and cosmetics company's latest earnings cheered investors and at least 17 analysts hiked stock price targets.
Makeup retailer Ulta Beauty Inc (NASDAQ:ULTA) is soaring 12.1% at $441.38 at last glance, enjoying the fruits of its third-quarter earnings and revenue beat.
ULTA's Q3 results reflect higher sales and earnings amid disciplined financial management, effective expense control and favorable shrink.
Investors need to pay close attention to Ulta Beauty (ULTA) stock based on the movements in the options market lately.
Most investors aren't willing to consider a stock as a potential buy after a recent rally, failing to realize that most of Wall Street's activity today is driven by algorithms that look for just this sort of price action. The so-called momentum in a breakout stock can trigger further buys down the line, leaving behind all of those who weren't willing to get in during the early days of what could become a double-digit rally.
Ulta Beauty (ULTA) shares traded sharply higher in extended trading on Thursday after the cosmetics retailer surpassed Wall Street's earnings expectations and raised its outlook.