#4 - Ulta Beauty (NASDAQ:ULTA)
Ulta Beauty, Inc. (NASDAQ: ULTA) is up 19% in the last 12 months, but it’s only up 1% in 2023 as of July 17. Investors reacted harshly to the company’s most recent earnings report.
On the surface, the report was okay with the company posting a beat on both its top and bottom lines. However, the company’s guidance was weak based on weakening makeup sales trends and low-priced competition.
But a closer look should comfort investors about investing in ULTA stock. The company is far more profitable today than it was prior to the pandemic. Part of that is due to the company focusing less on opening new stores and more on partnerships with companies like Target Corporation (NYSE: TGT).
Another bullish catalyst may also come as more employers are beginning to be more insistent on workers coming back to the office.
About Ulta Beauty
Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.
Read More - Current Price
- $430.01
- Consensus Rating
- Hold
- Ratings Breakdown
- 11 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $439.30 (2.2% Upside)
