While Ulta Beauty Inc has overperformed by 3.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ULTA fell by -7.95%, with highs and lows ranging from $574.76 to $318.17, whereas the simple moving average fell by -5.41% in the last 200 days.
On November 21, 2024, William Blair Downgraded Ulta Beauty Inc (NASDAQ: ULTA) to Mkt Perform. A report published by TD Cowen on September 23, 2024, Downgraded its rating to ‘Hold’ for ULTA. B. Riley Securities also rated ULTA shares as ‘Sell’, setting a target price of $300 on the company’s shares in an initiating report dated September 10, 2024. Loop Capital Reiterated the rating as Buy on September 03, 2024, but set its price target from $520 to $450. Telsey Advisory Group resumed its ‘Outperform’ rating for ULTA, as published in its report on August 30, 2024. Raymond James’s report from August 30, 2024 suggests a price prediction of $450 for ULTA shares, giving the stock a ‘Outperform’ rating. Citigroup also rated the stock as ‘Neutral’.
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 predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and ULTA is registering an average volume of 1.16M. On a monthly basis, the volatility of the stock is set at 2.85%, whereas on a weekly basis, it is put at 3.79%, with a gain of 14.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $400.21, showing growth from the present price of $386.64, 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?
A giant in the Specialty Retail market, Ulta Beauty Inc (ULTA) is based in the USA. 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 15.52, there is a growth in quarterly earnings of -11.99%.
Besides checking the fundamentals, you should also know 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 0.24%. 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 91.49% 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 91.49% at present.
