Ulta Beauty Inc (NASDAQ: ULTA) has reported earnings for its first fiscal quarter (ending April 30) of $6.51 versus $6.92 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $25.78 versus $24.75 for the same period a year ago.
Recent Price Action
On 5/30/24, Ulta Beauty Inc (NASDAQ: ULTA) stock increased 1.9%, closing at $385.58. Moreover, trading volume in this advance was exceptionally high at 246% of normal. The stock has performed in line with the market over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
ULTA’s future returns on capital are forecasted to exceed 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 C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ulta Beauty has a slightly positive Power Rating of 60 and a slightly positive Appreciation Score of 61, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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