Ulta Beauty Inc. (NASDAQ:ULTA) finished Thursday with a subtraction of -$13.75 to close at $408.99, a downside of -3.25 percent. An average of 1,268,201 shares of common stock have been traded in the last five days. There was a fall of -$45.32 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 847,305 shares traded, while the 50-day average volume stands at 792,544.
ULTA stock has decreased by -8.80% in the last month. The company shares reached their 1-month lowest point of $406.02 on 08/25/23. With the stock rallying to its 52-week high on 05/01/23, shares of the company touched a low of $373.80 and a high of $556.60 in 52 weeks. It has reached a new high 22 times so far this year and lost -12.81% or -$61.46 in price. In spite of this, the price is down -26.52% from the 52-week high.
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Insider Transactions
ULTA stock investors should be aware that Ulta Beauty Inc. (ULTA) stock had its last reported insider trading activity 71 days ago on Jun 15. In this transaction, the insider spent $180,000. Director, MRKONIC GEORGE R JR, disposed of 393 shares at a price of $421.30 on Jun 05. The insider now owns more than $165,570 worth of shares. Prior to that, Chief Human Resources Officer Ryan Anita Jane went on to Sale 1,255 shares at $544.69 each on Apr 03. An amount of $683,583 was transacted.
Valuation Metrics
Ulta Beauty Inc. (ULTA) has a trailing price-to-earnings (P/E) ratio of 16.63. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.91, the price-to-book (PB) ratio at 10.16, and the price-to-cash flow ratio at 19.89.
Financial Health
The quick ratio of Ulta Beauty Inc. for the three months ended July 31 was 0.60, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending July 31. Ulta Beauty Inc.’s EBITDA margin for the year ending July 31 is 21.48%, while its operating margin for the same period stands at 15.70%. Its gross profit as reported stood at $4.04 billion compared to revenue of $10.21 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ulta Beauty Inc.’s return on assets was 23.90%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $300.1 million in the quarter, while revenues were grew 1.47%. The analyst consensus anticipated Ulta Beauty Inc.’s latest quarter earnings to come in at $5.85 per share, but it turned out to be $6.02, a 2.90% surprise. For the quarter, EBITDA amounted to $500.02 million. Shareholders own equity worth $49.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ulta Beauty Inc. (ULTA) price momentum. RSI 9-day as of the close on 24 August was 25.41%, suggesting the stock is oversold, with historical volatility in this time frame at 30.84%.
As of today, ULTA’s price is $429.36 -10.01% or -$45.32 from its 5-day moving average. ULTA is currently trading -8.48% lower than its 20-day SMA and -26.05% lower than its 100-day SMA. However, the stock’s current price level is -8.11% below the SMA50 and -2.80% below the SMA200.
The stochastic %K and %D were 12.44% and 18.54%, respectively, and the average true range (ATR) was 13.14. With the 14-day stochastic at 2.58% and the average true range at 11.86, the RSI (14) stands at 29.63%. The stock has reached -17.24 on the 9-day MACD Oscillator while the 14-day reading was at -19.71.
Analyst Ratings
Loop Capital upgraded Ulta Beauty Inc. (NASDAQ: ULTA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Ulta Beauty Inc. (ULTA) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ULTA, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is ULTA’s price target for the next 12 months?
Analysts predict a range of price targets between $375.00 and $640.00, with a median target of $530.00. Taking a look at these predictions, the average price target given by analysts for Ulta Beauty Inc. (ULTA) stock is $530.52.
