Ulta Beauty Inc (NASDAQ: ULTA) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ULTA is expected to continue to be a major Value Builder.
Ulta Beauty has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ulta Beauty has a neutral Appreciation Score of 53 but a good Power Rating of 80, with the Positive Value Trend Rating the result.
Recent Price Action
On 4/8/24, Ulta Beauty Inc (NASDAQ: ULTA) stock increased 1.8%, closing at $452.78. NORMAL trading volume accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -13.4% during the last week.
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