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Ulta Beauty Inc (ULTA) – Don’t Be So Quick to Call it Dead

Ulta Beauty Inc (NASDAQ: ULTA) is -33.24% lower on its value in year-to-date trading and has touched a low of $320.79 and a high of $574.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ULTA stock was last observed hovering at around $321.31 in the last trading session, with the day’s gains setting it 5.8%.

Currently trading at $327.11, the stock is -12.20% and -14.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 1.81% at the moment leaves the stock -26.05% off its SMA200. ULTA registered -25.35% loss for a year compared to 6-month loss of -36.36%.

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The stock witnessed a -17.40% gain in the last 1 month and extending the period to 3 months gives it a -15.80%, and is -6.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.66% over the week and 2.88% over the month.

Ulta Beauty Inc (ULTA) has around 56000 employees, a market worth around $15.61B and $11.30B in sales. Current P/E ratio is 12.76 and Fwd P/E is 11.66. Profit margin for the company is 11.13%. Distance from 52-week low is 1.97% and -43.09% from its 52-week high. The company has generated returns on investments over the last 12 months (32.16%).

The EPS is expected to shrink by -1.38% this year

The shares outstanding are 48.32M, and float is at 47.60M with Short Float at 4.36%.

Ulta Beauty Inc (ULTA) Insider Activity

The most recent transaction is an insider sale by Halligan Catherine Ann, the company’s Director. SEC filings show that Halligan Catherine Ann sold 100 shares of the company’s common stock on Jul 02 ’24 at a price of $390.08 per share for a total of $39008.0. Following the sale, the insider now owns 2017.0 shares.

Ulta Beauty Inc disclosed in a document filed with the SEC on Jun 25 ’24 that Caro Jodi J (GC, Chief Risk & Compl. Ofc.) sold a total of 650 shares of the company’s common stock. The trade occurred on Jun 25 ’24 and was made at $388.68 per share for $0.25 million. Following the transaction, the insider now directly holds 6801.0 shares of the ULTA stock.

Still, SEC filings show that on Jun 04 ’24, MRKONIC GEORGE R JR (Director) disposed off 397 shares at an average price of $389.34 for $0.15 million. The insider now directly holds 2,000 shares of Ulta Beauty Inc (ULTA).

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