While Ulta Beauty Inc has underperformed by -1.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ULTA fell by -13.08%, with highs and lows ranging from $574.76 to $318.17, whereas the simple moving average fell by -15.12% in the last 200 days.
On August 19, 2024, Cleveland Research Downgraded Ulta Beauty Inc (NASDAQ: ULTA) to Neutral. A report published by Piper Sandler on July 24, 2024, Downgraded its rating to ‘Neutral’ for ULTA. Oppenheimer also reiterated ULTA shares as ‘Outperform’, quoting a target price of $450 on the company’s shares in a report dated July 15, 2024. Telsey Advisory Group Reiterated the rating as Outperform on May 24, 2024, but set its price target from $600 to $500. Barclays April 29, 2024d its ‘Overweight’ rating to ‘Equal Weight’ for ULTA, as published in its report on April 29, 2024. Jefferies’s report from April 19, 2024 suggests a price prediction of $438 for ULTA shares, giving the stock a ‘Hold’ rating. Jefferies also rated the stock as ‘Buy’.
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Analysis of Ulta Beauty Inc (ULTA)
Further, the quarter-over-quarter increase in sales is 3.48%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Ulta Beauty Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 58.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.54, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.07M can be a very valuable indicator of volatility for ULTA stock. On a monthly basis, the volatility of the stock is set at 3.06%, whereas on a weekly basis, it is put at 3.44%, with a gain of 2.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $467.53, showing growth from the present price of $374.26, which can serve as yet another indication of whether ULTA is worth investing in or should be passed over.
How Do You Analyze Ulta Beauty Inc Shares?
The USA based company Ulta Beauty Inc (ULTA) is one of the biggest names in Specialty Retail. When comparing Ulta Beauty Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.60, there is a growth in quarterly earnings of -5.89%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.42%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ULTA shares are owned by institutional investors to the tune of 95.32% at present.
