The price-to-earnings ratio for Ulta Beauty Inc (NASDAQ: ULTA) is above average at 15.02x, Company’s 36-month beta value is 1.37.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for ULTA is 47.60M, and currently, short sellers hold a 3.58% ratio of that floaft. The average trading volume of ULTA on June 27, 2024 was 955.68K shares.
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ULTA) stock’s latest price update
Ulta Beauty Inc (NASDAQ: ULTA)’s stock price has decreased by -0.71 compared to its previous closing price of 387.88. However, the company has seen a 1.78% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-06-26 that For growth-oriented opportunities, many investors turn to Nasdaq-listed enterprises for good reason. Generally, they’re younger and thus offer significant upside potential compared to your average New York Stock Exchange-listed blue chips.
ULTA’s Market Performance
Ulta Beauty Inc (ULTA) has seen a 1.78% rise in stock performance for the week, with a 1.05% gain in the past month and a -25.00% plunge in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 2.41% for ULTA. The simple moving average for the last 20 days is -0.49% for ULTA stock, with a simple moving average of -13.46% for the last 200 days.
Analysts’ Opinion of ULTA
Many brokerage firms have already submitted their reports for ULTA stocks, with Telsey Advisory Group repeating the rating for ULTA by listing it as a “Outperform.” The predicted price for ULTA in the upcoming period, according to Telsey Advisory Group is $500 based on the research report published on May 24, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ULTA reach a price target of $434, previously predicting the price at $612. The rating they have provided for ULTA stocks is “Equal Weight” according to the report published on April 29th, 2024.
Jefferies gave a rating of “Hold” to ULTA, setting the target price at $438 in the report published on April 19th of the current year.
ULTA Trading at -2.61% 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 -32.99% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +2.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.88% lower at present.
During the last 5 trading sessions, ULTA rose by +2.14%, which changed the moving average for the period of 200-days by -7.62% in comparison to the 20-day moving average, which settled at $387.42. In addition, Ulta Beauty Inc saw -21.40% 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 MRKONIC GEORGE R JR, who sale 397 shares at the price of $389.34 back on Jun 04 ’24. After this action, MRKONIC GEORGE R JR now owns 2,000 shares of Ulta Beauty Inc, valued at $154,568 using the latest closing price.
Steelman Kecia, the President and COO of Ulta Beauty Inc, sale 20,950 shares at $526.39 during a trade that took place back on Mar 19 ’24, which means that Steelman Kecia is holding 10,494 shares at $11,027,871 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 0.11. The total capital return value is set at 0.4. Equity return is now at value 58.21, with 22.84 for asset returns.
Based on Ulta Beauty Inc (ULTA), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is -93.06.
Currently, EBITDA for the company is 1.94 billion with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.75. The receivables turnover for the company is 55.53for trailing twelve months and the total asset turnover is 2.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
Conclusion
In a nutshell, Ulta Beauty Inc (ULTA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
