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.
In the latest trading session, Ulta Beauty (ULTA) closed at $382.91, marking a -0.26% move from the previous day.
Michael Baker, senior research analyst at D.A. Davidson, joins CNBC's 'The Exchange' to discuss retail earnings and stocks, trends he sees in consumer spending, and more.
Ulta Beauty (ULTA) reachead $380.08 at the closing of the latest trading day, reflecting a +1.82% change compared to its last close.
Both top investors spied opportunity in the Ulta sell-off.
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%.