The stock of Ulta Beauty Inc (NASDAQ: ULTA) has decreased by -3.68 when compared to last closing price of 381.57.Despite this, the company has seen a gain of 2.43% in its stock price over the last five trading days. pymnts.com reported 2024-09-09 that Ulta Beauty is transforming its brand image into a social powerhouse, capitalizing on a surge of digital engagement to elevate its market presence. During the company’s second-quarter earnings call (Aug. 29), CEO Dave Kimbell revealed that despite a modest net sales increase (0.9%) to $2.
Is It Worth Investing in Ulta Beauty Inc (NASDAQ: ULTA) Right Now?
The price-to-earnings ratio for Ulta Beauty Inc (NASDAQ: ULTA) is above average at 14.75x, Company’s 36-month beta value is 1.28.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.”
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The public float for ULTA is 47.00M, and currently, short sellers hold a 4.92% ratio of that floaft. The average trading volume of ULTA on September 10, 2024 was 1.14M shares.
ULTA’s Market Performance
The stock of Ulta Beauty Inc (ULTA) has seen a 2.43% increase in the past week, with a 14.08% rise in the past month, and a -3.92% fall in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 3.08% for ULTA. The simple moving average for the last 20 days is 1.11% for ULTA’s stock, with a simple moving average of -16.32% for the last 200 days.
Analysts’ Opinion of ULTA
Loop Capital, on the other hand, stated in their research note that they expect to see ULTA reach a price target of $450, previously predicting the price at $520. The rating they have provided for ULTA stocks is “Buy” according to the report published on September 03rd, 2024.
Telsey Advisory Group gave a rating of “Outperform” to ULTA, setting the target price at $450 in the report published on August 30th of the current year.
ULTA Trading at -0.68% 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 -36.06% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +13.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.60% lower at present.
During the last 5 trading sessions, ULTA rose by +1.52%, which changed the moving average for the period of 200-days by -10.04% in comparison to the 20-day moving average, which settled at $365.65. In addition, Ulta Beauty Inc saw -24.99% 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 Halligan Catherine Ann, who sale 100 shares at the price of $390.08 back on Jul 02 ’24. After this action, Halligan Catherine Ann now owns 2,017 shares of Ulta Beauty Inc, valued at $39,008 using the latest closing price.
Caro Jodi J, the GC, Chief Risk & Compl. Ofc. of Ulta Beauty Inc, sale 650 shares at $388.68 during a trade that took place back on Jun 25 ’24, which means that Caro Jodi J is holding 6,801 shares at $252,639 based on the most recent closing price.
Stock Fundamentals for ULTA
Current profitability levels for the company are sitting at:
- 0.14 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 0.38. Equity return is now at value 54.98, with 22.02 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 0.73. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is -120.06.
Currently, EBITDA for the company is 1.94 billion with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 56.36for trailing twelve months and the total asset turnover is 1.97. 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.
