Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Ulta Beauty Inc (NASDAQ: ULTA) improved during the last several trading days. ULTA’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, Ulta Beauty Inc (NASDAQ: ULTA) stock declined slightly by -0.7%, closing at $532.33. Moreover, this decline was accompanied by unusually high trading volume at 159% of normal. The stock has declined -1.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ULTA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ulta Beauty has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ulta Beauty has a neutral Appreciation Score of 48 but a good Power Rating of 79, with the Positive Value Trend Rating the result.
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