ULTA Stock Recent News
ULTA LATEST HEADLINES
In the closing of the recent trading day, Ulta Beauty (ULTA) stood at $419.27, denoting a +1.48% change from the preceding trading day.
The latest trading day saw Ulta Beauty (ULTA) settling at $425.11, representing a +0.13% change from its previous close.
While challenges prevail in the Retail - Miscellaneous industry, players such as Tractor Supply (TSCO), Ulta Beauty (ULTA), DICK'S Sporting (DKS) and Arhaus (ARHS) look well-poised due to their business operating model and prospects.
Investing legend Peter Lynch coined the term “10-bagger.” That is a stock that grows to 10 times the value of its initial investment.
Ulta Beauty (ULTA) benefits from efforts to strengthen its omnichannel business and explore the potential of both physical and digital facets. However, SG&A costs remain high.
Ulta Beauty (ULTA) concluded the recent trading session at $452.78, signifying a +1.81% move from its prior day's close.
Fresh off the stock's worst week since March 2020, one analyst is betting on a bounce back from Ulta Beauty Inc (NASDAQ:ULTA).
Ulta said it was facing a slowdown in sales growth. The company also said first-half results would come at the low end of its guidance.
Ulta Beauty is facing elevated pressures in the consumer economy, leading to revised guidance and slower growth expectations. The company is experiencing intense competition from rivals like Sephora, which is rapidly expanding its physical store presence in the US. Ulta Beauty's lack of an expansion strategy and focus on store remodeling may hinder its growth potential and cash flows, making ULTA stock a sell.
The Daily Wrap for today S&P 500 Modestly Up, Ulta Big Drop, Iger Wins Proxy Vote.