In the latest quarter, 25 analysts provided ratings for Ulta Beauty ULTA, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 10 | 9 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 5 | 1 | 0 | 0 |
| 2M Ago | 0 | 3 | 6 | 0 | 0 |
| 3M Ago | 3 | 2 | 1 | 1 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Ulta Beauty, presenting an average target of $485.76, a high estimate of $610.00, and a low estimate of $350.00. Highlighting a 12.72% decrease, the current average has fallen from the previous average price target of $556.56.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $355.00 | $394.00 |
| Christopher Horvers | JP Morgan | Raises | Overweight | $544.00 | $530.00 |
| Oliver Chen | TD Cowen | Lowers | Buy | $500.00 | $520.00 |
| Simeon Siegel | BMO Capital | Lowers | Market Perform | $500.00 | $540.00 |
| Korinne Wolfmeyer | Piper Sandler | Lowers | Overweight | $498.00 | $505.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $500.00 | $500.00 |
| Michael Binetti | Evercore ISI Group | Lowers | Outperform | $500.00 | $630.00 |
| Susan Anderson | Canaccord Genuity | Lowers | Buy | $522.00 | $575.00 |
| Mark Altschwager | Baird | Lowers | Outperform | $525.00 | $625.00 |
| Lorraine Hutchinson | B of A Securities | Lowers | Neutral | $425.00 | $575.00 |
| Kelly Crago | Citigroup | Lowers | Neutral | $400.00 | $485.00 |
| Ashley Helgans | Jefferies | Lowers | Hold | $412.00 | $438.00 |
| Dana Telsey | Telsey Advisory Group | Lowers | Outperform | $500.00 | $600.00 |
| Korinne Wolfmeyer | Piper Sandler | Lowers | Overweight | $505.00 | $595.00 |
| Kate McShane | Goldman Sachs | Lowers | Neutral | $476.00 | $605.00 |
| Mark Astrachan | Stifel | Lowers | Hold | $475.00 | $565.00 |
| Rupesh Parikh | Oppenheimer | Lowers | Outperform | $475.00 | $500.00 |
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $434.00 | $612.00 |
| 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 |
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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ulta Beauty compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Ulta Beauty's stock. This comparison reveals trends in analysts' expectations over time.
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.
Delving into Ulta Beauty's Background
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 US. 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.
Breaking Down Ulta Beauty's Financial Performance
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Ulta Beauty showcased positive performance, achieving a revenue growth rate of 3.48% as of 30 April, 2024. This reflects 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 excels beyond industry benchmarks, reaching 11.49%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Ulta Beauty's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.67% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Ulta Beauty's ROA excels beyond industry benchmarks, reaching 5.52%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.82, Ulta Beauty adopts a prudent financial strategy, indicating a balanced approach to debt management.
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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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