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Data lifts markets to end AugustMarkets end week higher on soft inflationNew York and Toronto rip higherThis summary was created by AI, based on 5 opinions in the last 12 months.
Ulta Salon Cosmetics and Fragrance Inc. has beaten earnings and revenue estimates, but conservative guidance has worried investors. The company's outlook for operating-margin deterioration and slower sales growth in 2024 is a cause for concern. However, Ulta Beauty remains well-positioned in the beauty industry and benefits from strong demand, limited discounts, and a growing customer base. The stock price at $438 is seen as a good buy, but not for trading purposes. Overall, the company's performance is considered good but with some caution.
Is worried because competitor ELF reported such a bad quarter.
Underperforming. Great specialty beauty retailer in the US, partners with Target. Chart's a roller-coaster, too volatile for her. You can trade it if you want, get in and get out, but she's staying away.
It reports Thursday. But he keeps hearing Sephora is eating into their business, and that ULTA is not doing so well.
Revenues are up 22% over 3 year, but only 6% in the past year. Shares are down 24% in the past 12 months. It's a maturing stock.
EPS of $8.08 beat estimates of $7.57. Revenue of $3.55B beat estimates by 6.7%. EBITDA of $579M beat by 5.6%. Conservative guidance worried investors, though. Ulta Beauty's outlook for more operating-margin deterioration in fiscal 2024 is a bit of a concern, given the metric fell more than 100 bps to 15% in 2023 and since big market-cap hardline peers are largely projecting improvement this year. Beauty demand remains robust, as evidenced by strong 4Q results, including a 14.6% operating margin -- up vs. 3Q and above management's guidance. This strength in demand should let discounts remain limited, a tailwind for margin. The company's forecast for $11.7-$11.8 billion in sales for 2024 appears low, implying less than 5% growth at the midpoint, or about half of 2023's almost 10% gain. This might be too drastic a slowdown, even with tough year-over-year comparisons, considering its growing customer base and expanding store fleet. We are comfortable still, but it needs to be watched a bit more closely than usual.
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They're positioned well in beauty and benefits from the Instagram Effect. It reports next week.
#2 in cosmetics, behind ELF Beauty.
They had a great quarter and he loves the CEO. At $438, shares are in no-man's land. Sells at 17x earnings. A good buy, but not a trading stock.
It's the 6th-worst performer in discretionary. A good company, but momentum is broken and hasn't seen a bounce.
They just reported an excellent quarter last night, but spiked after hours, plunged, then rebounded today. A yo-yo. Why? How? Up and down then flat. They had a massive earnings and sales beats. Same-store sales were up 15.6% vs. 8.7% expected. And they faced tough comps from last year. RPS and revenue forecast FY 2023 guidance topped expectations. They're opening 25-30 new stores, while Wall Street expected 49. Problem is that expectations were set high, and today saw the SVB crash and a bearish market. Impressive growth areas: skin care, fragrance and ecommerce/in-store pick-up. Rewards program boasts 40.2 million members. American luxury spending will remain healthy, but will moderate. Not perfect, but pretty good.
Take some profits before they report on Thursday.
Ulta Salon Cosmetics and Fragrance Inc. is a American stock, trading under the symbol ULTA-Q on the NASDAQ (ULTA). It is usually referred to as NASDAQ:ULTA or ULTA-Q
In the last year, 5 stock analysts published opinions about ULTA-Q. 2 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ulta Salon Cosmetics and Fragrance Inc..
Ulta Salon Cosmetics and Fragrance Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ulta Salon Cosmetics and Fragrance Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Ulta Salon Cosmetics and Fragrance Inc. In the last year. It is a trending stock that is worth watching.
On 2024-11-11, Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) stock closed at a price of $381.58.
All of the downside is priced in, seeing upward movement from a technical perspective. Underperformed major indexes by a fair amount, now showing signs of turnaround for a value play. Great product, good distribution channels. No dividend.
(Analysts’ price target is $402.07)