Ulta Beauty, Inc. (ULTA) Monthly Report
Publication Date: September 22, 2024
Company Overview
Ulta Beauty, Inc. (NASDAQ: ULTA), headquartered in Bolingbrook, Illinois, is a premier specialty beauty retailer in the United States, established in 1990. Known for its diverse range of branded and private label products, Ulta offers an extensive selection of cosmetics, fragrances, skincare, haircare, and salon tools. The company also provides various beauty services including hair, makeup, brow, and skin treatments across its retail locations. Operating within the consumer cyclical sector and specialized retail industry, Ulta has shown significant investment potential, bolstered by a robust total revenue of approximately $11.32 billion. Analysts project a target high price of $505.00, underlining confidence in Ulta’s growth and its capacity to capitalize on emerging market trends.
Financial Insights
As of the latest reports, Ulta Beauty, Inc. has 47,114,700 shares outstanding, with 3,226,429 shares sold short, resulting in a short percentage of approximately 8.82%. This relatively modest figure indicates that despite some bearish sentiment, investors maintain a level of confidence in the company’s performance. Current trading stands at $402.01, which falls below a target mean price of $398.92 and is significantly lower than the fifty-two week high of $574.76, suggesting room for potential growth. The fifty-day moving average currently sits at $369.22, indicating a bullish trend as the stock trades above this average, reinforcing an optimistic market sentiment for Ulta’s potential price recovery.
Analyst Recommendations
Ulta’s stock analysis includes a high price target of $505.00 and a low target of $300.00, reflecting significant upside potential for investors. The average target price stands at $398.92 with a consensus recommendation of “buy,” evidenced by a recommendation mean of 2.5 from a total of 24 analysts. This positive outlook is supported by robust revenue figures, although the unavailability of EBITDA may limit financial depth in analysis. Still, Ulta Beauty’s performance amidst fluctuations signifies its resilience and the ongoing strong consumer demand within the specialty retail marketplace, making it a compelling investment opportunity in the evolving landscape of beauty retail.
| Metric | Value |
|---|---|
| Market Cap | $18.9b |
| Total Debt | $1.9b |
| Total Cash | $414.0m |
| Shares Outstanding | 47.1m |
| Float Shares | 46.3m |
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