While Ulta Beauty Inc has underperformed by -0.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ULTA fell by -11.01%, with highs and lows ranging from $574.76 to $318.17, whereas the simple moving average fell by -15.20% in the last 200 days.
On September 10, 2024, B. Riley Securities started tracking Ulta Beauty Inc (NASDAQ: ULTA) recommending Sell. A report published by Loop Capital on September 03, 2024, Reiterated its previous ‘Buy’ rating for ULTA. Telsey Advisory Group also reiterated ULTA shares as ‘Outperform’, quoting a target price of $450 on the company’s shares in a report dated August 30, 2024. Raymond James August 30, 2024d the rating to Outperform on August 30, 2024, and set its price target from $500 to $450. Citigroup resumed its ‘Neutral’ rating for ULTA, as published in its report on August 23, 2024. Piper Sandler also rated the stock as ‘Neutral’.
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Analysis of Ulta Beauty Inc (ULTA)
Further, the quarter-over-quarter increase in sales is 0.88%, showing a positive trend in the upcoming months.
Ulta Beauty Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 54.98% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.50, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ULTA has an average volume of 1.16M. On a monthly basis, the volatility of the stock is set at 3.25%, whereas on a weekly basis, it is put at 3.17%, with a gain of 3.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $400.92, showing growth from the present price of $372.30, 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?
Specialty Retail giant Ulta Beauty Inc (ULTA) is based in the USA and is one of the largest companies in the market. 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 14.94, there is a growth in quarterly earnings of -11.99%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.25%. 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 96.27% 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 96.27% at present.
