Stock Rating Upgrade
The Value Trend Rating for Ulta Beauty Inc (NASDAQ: ULTA) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Ulta Beauty Inc (NASDAQ: ULTA) stock closed at $471.12 on 1/5/24 after a modest gain of 0.5%. However, this advance was accompanied by unusually low trading volume at 63% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.5% during the last week.
Current PriceTarget Research Rating
ULTA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ulta Beauty has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ulta Beauty has a neutral Appreciation Score of 55 and a slightly negative Power Rating of 34, and the Low Neutral Value Trend Rating results.
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