Providing a diverse range of perspectives from bullish to bearish, 25 analysts have published ratings on Ulta Beauty ULTA in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 10 | 6 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 3 | 2 | 1 | 0 | 0 |
| 2M Ago | 4 | 7 | 4 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Ulta Beauty, presenting an average target of $569.6, a high estimate of $690.00, and a low estimate of $350.00. Surpassing the previous average price target of $562.73, the current average has increased by 1.22%.
Diving into Analyst Ratings: An In-Depth Exploration
In examining recent analyst actions, we gain insights into how financial experts perceive Ulta Beauty. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ike Boruchow | Wells Fargo | Lowers | Underweight | $350.00 | $450.00 |
| Ashley Helgans | Jefferies | Lowers | Hold | $438.00 | $585.00 |
| Oliver Chen | TD Cowen | Lowers | Buy | $520.00 | $580.00 |
| Ashley Helgans | Jefferies | Lowers | Buy | $585.00 | $610.00 |
| Korinne Wolfmeyer | Piper Sandler | Lowers | Overweight | $595.00 | $665.00 |
| Rupesh Parikh | Oppenheimer | Lowers | Outperform | $500.00 | $600.00 |
| Olivia Tong | Raymond James | Lowers | Strong Buy | $610.00 | $630.00 |
| Olivia Tong | Raymond James | Raises | Strong Buy | $630.00 | $575.00 |
| Simeon Gutman | Morgan Stanley | Raises | Equal-Weight | $525.00 | $480.00 |
| Anthony Chukumba | Loop Capital | Raises | Hold | $540.00 | $530.00 |
| Stephanie Wissink | Jefferies | Raises | Buy | $610.00 | $587.00 |
| Simeon Siegel | BMO Capital | Raises | Market Perform | $540.00 | $485.00 |
| Korinne Wolfmeyer | Piper Sandler | Raises | Overweight | $665.00 | $635.00 |
| Mark Astrachan | Stifel | Raises | Hold | $565.00 | $505.00 |
| Michael Binetti | Evercore ISI Group | Lowers | Outperform | $630.00 | $635.00 |
| Ike Boruchow | Wells Fargo | Raises | Underweight | $450.00 | $400.00 |
| Mark Altschwager | Baird | Raises | Outperform | $625.00 | $575.00 |
| Adrienne Yih | Barclays | Raises | Overweight | $612.00 | $583.00 |
| Michael Baker | DA Davidson | Maintains | Buy | $595.00 | $595.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $600.00 | - |
| Michael Binetti | Evercore ISI Group | Raises | Outperform | $635.00 | $565.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $600.00 | - |
| Michael Lasser | UBS | Raises | Buy | $690.00 | $575.00 |
| Christopher Horvers | JP Morgan | Raises | Overweight | $600.00 | $535.00 |
| Anthony Chukumba | Loop Capital | Announces | Hold | $530.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ulta Beauty. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ulta Beauty compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Ulta Beauty's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ulta Beauty's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Ulta Beauty analyst ratings.
Unveiling the Story Behind Ulta Beauty
With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Financial Insights: Ulta Beauty
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Ulta Beauty's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 10.15%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Ulta Beauty's net margin is impressive, surpassing industry averages. With a net margin of 11.1%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 18.31%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Ulta Beauty's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.98% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.84.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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