Recently, Zacks.com users have been paying close attention to Ulta (ULTA). This makes it worthwhile to examine what the stock has in store.
Ulta Beauty (ULTA) closed at $369.20 in the latest trading session, marking a +0.08% move from the prior day.
Ulta Beauty projects double-digit EPS growth by 2026, despite weak guidance for FY2024 and FY2025 and a period of increased investments. The long-term vision includes over 1,800 stores in the USA and expansion into Mexico in 2025 to establish a franchising model. Investments in store expansion are expected to yield +20% returns, with 70% of capital expenditures focused on store presence, up from 50%.
BofA Securities analyst Lorraine Hutchinson reiterated the Neutral rating on Ulta Beauty, Inc. ULTA with a price objective of $380.
ULTA is grappling with challenges like shifting consumer behavior toward value-driven spending and increased competition, which are eroding its market share.
Ulta Beauty plans to open 200 new stores as part of a long-term strategy announced this week. At its investors' day Wednesday (Oct. 16), the beauty retailer said it hopes to open the new locations over the next three years, bringing its store count to more than 1,800, according to a press release.
Ulta Beauty announces an ambitious strategic plan and new long-term financial targets, alongside authorizing a new share repurchase plan.
The beauty retailer expects slower growth, but the underlying business still has a lot of appeal.
Ulta Beauty outlined its long-term financial goals on Wednesday, including plans to open 200 stores over the next three years. It maintained its guidance for fiscal year 2024.
Ulta Beauty shares fell on Wednesday, as the company stuck by its current forecast and shared its longer-term financial targets. The beauty retailer's CEO Dave Kimbell said the company is facing stiffer competition and a more dynamic consumer backdrop.
Ulta Beauty Inc. announced a new $3 billion share buyback authorization on Wednesday and said it plans to open 200 new stores over the next three years.
Ulta Beauty (ULTA) closed at $369.32 in the latest trading session, marking a -0.34% move from the prior day.