The stock price of Ulta Beauty Inc (NASDAQ: ULTA) has plunged by -13.35 when compared to previous closing price of 519.68, but the company has seen a -12.45% decline in its stock price over the last five trading sessions. Barrons reported 2024-04-03 that Ulta expects first-quarter comparable-store sales to increase at the lower end of its previous guidance.
Is It Worth Investing in Ulta Beauty Inc (NASDAQ: ULTA) Right Now?
Ulta Beauty Inc (NASDAQ: ULTA) has a price-to-earnings ratio that is above its average at 17.29x. The stock has a 36-month beta value of 1.31. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for ULTA is 48.17M, and at present, short sellers hold a 2.82% of that float. On April 03, 2024, the average trading volume of ULTA was 670.10K shares.
ULTA’s Market Performance
ULTA stock saw a decrease of -12.45% in the past week, with a monthly decline of -17.61% and a quarterly a decrease of -7.46%. The volatility ratio for the week is 2.05%, and the volatility levels for the last 30 days are 2.52% for Ulta Beauty Inc (ULTA). The simple moving average for the last 20 days is -15.78% for ULTA stock, with a simple moving average of -1.79% for the last 200 days.
Analysts’ Opinion of ULTA
Many brokerage firms have already submitted their reports for ULTA stocks, with JP Morgan repeating the rating for ULTA by listing it as a “Overweight.” The predicted price for ULTA in the upcoming period, according to JP Morgan is $600 based on the research report published on February 15, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see ULTA reach a price target of $530. The rating they have provided for ULTA stocks is “Hold” according to the report published on February 14th, 2024.
Evercore ISI gave a rating of “Outperform” to ULTA, setting the target price at $460 in the report published on November 07th of the previous year.
ULTA Trading at -14.53% from the 50-Day Moving Average
After a stumble in the market that brought ULTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.65% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -18.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.97% lower at present.
During the last 5 trading sessions, ULTA fell by -12.82%, which changed the moving average for the period of 200-days by -0.61% in comparison to the 20-day moving average, which settled at $529.61. In addition, Ulta Beauty Inc saw -8.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ULTA starting from Steelman Kecia, who sale 20,950 shares at the price of $526.39 back on Mar 19 ’24. After this action, Steelman Kecia now owns 10,494 shares of Ulta Beauty Inc, valued at $11,027,871 using the latest closing price.
Ryan Anita Jane, the Chief Human Resources Officer of Ulta Beauty Inc, sale 3,102 shares at $525.25 during a trade that took place back on Mar 19 ’24, which means that Ryan Anita Jane is holding 2,705 shares at $1,629,338 based on the most recent closing price.
Stock Fundamentals for ULTA
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.39 for the gross margin
The net margin for Ulta Beauty Inc stands at 0.12. The total capital return value is set at 0.36. Equity return is now at value 60.91, with 20.94 for asset returns.
Based on Ulta Beauty Inc (ULTA), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is -377.87.
Currently, EBITDA for the company is 1.93 billion with net debt to EBITDA at 0.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 53.9for trailing twelve months and the total asset turnover is 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
To sum up, Ulta Beauty Inc (ULTA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
