Ulta Beauty Inc (NASDAQ: ULTA) has reported E.P.S. of $8.13 for its fourth fiscal quarter (ending January 31) versus $6.73 for the same period a year ago — an increase of 21%. This result exceeded the consensus estimate of $7.53 by $0.60. For the latest four quarters through January 31, E.P.S. were $26.18 versus $24.17 for the same period a year ago — an increase of 8%.
Recent Price Action
Ulta Beauty Inc (NASDAQ: ULTA) stock closed at $565.44 on 3/14/24 after a slight decline of -0.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 232% of normal. The stock has risen 3.1% during the last week and has been strong relative to the market over the last nine months.
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 (High Neutral). 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 78, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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