The stock price of Ulta Beauty Inc (NASDAQ: ULTA) has plunged by -1.38 when compared to previous closing price of 379.13, but the company has seen a -7.06% decline in its stock price over the last five trading sessions. marketbeat.com reported 2024-09-30 that Investors who need more time or knowledge to pick individual stocks tend to walk away with the high single-digit returns that the S&P 500 historically offers. However, now that the stock market is entering a new cycle of lower interest rates and steepening yield curves, it is best to pick a select few companies with the potential to outperform for the next decade.
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 15.00x. The 36-month beta value for ULTA is also noteworthy at 1.32. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 13 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ULTA is 47.00M, and at present, short sellers hold a 6.13% of that float. The average trading volume of ULTA on October 03, 2024 was 1.23M shares.
ULTA’s Market Performance
The stock of Ulta Beauty Inc (ULTA) has seen a -7.06% decrease in the past week, with a 4.20% rise in the past month, and a -4.05% fall in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are at 2.74% for ULTA. The simple moving average for the past 20 days is -3.41% for ULTA’s stock, with a -13.88% simple moving average for the past 200 days.
Analysts’ Opinion of ULTA
B. Riley Securities, on the other hand, stated in their research note that they expect to see ULTA reach a price target of $300. The rating they have provided for ULTA stocks is “Sell” according to the report published on September 10th, 2024.
Loop Capital gave a rating of “Buy” to ULTA, setting the target price at $450 in the report published on September 03rd of the current year.
ULTA Trading at 1.36% 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 -34.95% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.96% lower at present.
During the last 5 trading sessions, ULTA fell by -7.06%, which changed the moving average for the period of 200-days by -24.41% in comparison to the 20-day moving average, which settled at $387.77. In addition, Ulta Beauty Inc saw -23.70% 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 1.69. 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 summary, Ulta Beauty Inc (ULTA) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
