Ulta Beauty
ULTA

$367.59

0.98%

Market Cap: $17.3B

About: 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.

Employees: 56,000

Consumer Discretionary Retail Stores

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 29 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 401 | Existing positions reduced: 352

2.71% less ownership

Funds ownership: 94.97% [Q1] → 92.26% (-2.71%) [Q2]

6% less funds holding

Funds holding: 1,044 [Q1] → 984 (-60) [Q2]

16% less call options, than puts

Call options by funds: $861M | Put options by funds: $1.03B

28% less capital invested

Capital invested by funds: $23.7B [Q1] → $17B (-$6.73B) [Q2]

34% less first-time investments, than exits

New positions opened: 117 | Existing positions closed: 177

38% less funds holding in top 10

Funds holding in top 10: 13 [Q1] → 8 (-5) [Q2]

See Fund Rankings

Research analyst outlook

29 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$300

18%

downside

Avg. target

$421

15%

upside

High target

$505

37%

upside

29 analyst ratings

18 positive

62%

9 neutral

31%

2 negative

7%

Loop Capital Anthony Chukumba 60% 1-year accuracy 9 / 15 met price target	22%upside $450	Buy Maintained	3 Sept 2024
DA Davidson Michael Baker 63% 1-year accuracy 20 / 32 met price target	18%upside $435	Buy Maintained	30 Aug 2024
Telsey Advisory Group Dana Telsey 39% 1-year accuracy 66 / 171 met price target	22%upside $450	Outperform Maintained	30 Aug 2024
Citigroup Kelly Crago 0% 1-year accuracy 0 / 1 met price target	6%downside $345	Neutral Maintained	30 Aug 2024
Canaccord Genuity Susan Anderson 21% 1-year accuracy 3 / 14 met price target	20%upside $442	Buy Maintained	30 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 69 articles about ULTA published over the past 30 days

The Motley Fool

Why Is Warren Buffett Buying Up Shares of This Retailer?

Ulta Beauty's business is easy to understand, and the demand has existed for thousands of years. The company earns a good profit, and the stock trades at a reasonable valuation.

Why Is Warren Buffett Buying Up Shares of This Retailer?

The Fading Allure Of Ulta (Rating Downgrade)

Ulta's recent financial performance shows increased inventory (10%) alongside falling comp sales and profits, indicating unsuccessful attempts to gain market share through pricing strategies. Online competitors like Amazon and Walmart are emerging as significant threats in the beauty product market, offering lower prices and a wider range of products. Ulta lacks differentiation in in-store services compared to Sephora, which offers more polished beauty consultations that effectively increase sales conversion.

The Fading Allure Of Ulta (Rating Downgrade)

3 reasons why the Ulta Beauty stock price is about to get ugly

Ulta Beauty (ULTA) stock price is stuck in a deep bear market as concerns about its business grows. It has crashed by over 36% from its highest point this year and is hovering near its lowest point since May 2022.

3 reasons why the Ulta Beauty stock price is about to get ugly

Proactive Investors

Six consumer stocks poised for growth in 2024, according to UBS

UBS is bullish on several consumer stocks for the rest of 2024, according to a new report from the investment bank. Analysts highlighted six companies they believe have strong growth potential, emphasizing what they see as compelling investment opportunities due to their ability to outperform peers, driven by factors such as robust top-line growth (like Colgate-Palmolive), margin recovery and stabilization (Target), record bookings (Royal Caribbean), positive sales momentum (Domino's), and the potential for market expansion (On Holding AG).

Six consumer stocks poised for growth in 2024, according to UBS

Ulta Beauty Is A Beautiful Value Stock

Ulta Beauty's stock has shifted from growth to value, trading at a P/E ratio of less than 15x, presenting a potential buying opportunity. Despite recent setbacks, Ulta remains a key tenant for many shopping center REITs with strong financials and growth prospects. Berkshire Hathaway's recent investment in Ulta signals confidence in the company's future, despite its Q2 earnings miss and reduced guidance.

Ulta Beauty Is A Beautiful Value Stock

Zacks Investment Research

Wall Street Analysts Think Ulta (ULTA) Is a Good Investment: Is It?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Analysts Think Ulta (ULTA) Is a Good Investment: Is It?

The Motley Fool

Newest Warren Buffett Holding Sees Its Shares Sink After Lowering Its Forecast. Is It Time to Buy the Dip?

For the second straight quarter, Ulta lowered its full-year guidance. The company has been facing intensified competitive pressures.

Newest Warren Buffett Holding Sees Its Shares Sink After Lowering Its Forecast. Is It Time to Buy the Dip?

24/7 Wall Street

Warren Buffett's Best Bets: 3 Stocks The Oracle Is Buying Hand Over Fist

Investors hang on Warren Buffett's every move because he is the greatest investor of our time.

Warren Buffett's Best Bets: 3 Stocks The Oracle Is Buying Hand Over Fist

Warren Buffett Bought These 2 Stocks. Should You?

These new additions to Berkshire Hathaway's portfolio are solid companies with economic moats. But only one of the stocks is undervalued today.

Warren Buffett Bought These 2 Stocks. Should You?

Ulta's Stock Dip: Analysts Say Seize This Buying Opportunity

Technically speaking, a bottom in stock prices isn't a bottom until it's been confirmed by a second bounce, and Ulta NASDAQ: ULTA is a prime example. The first entry signal is typically the strongest and provides the biggest gains but also comes with the most risk.

Ulta's Stock Dip: Analysts Say Seize This Buying Opportunity

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