1 Growth Stock Down 32% to Buy Right Now [Yahoo! Finance]
Ulta Beauty, Inc. (ULTA)
Last ulta beauty, inc. earnings: 3/12 04:03 pm
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US:NASDAQ Investor Relations:
ir.ultabeauty.com/overview/default.aspx
Company Research
Source: Yahoo! Finance
Although the stock started the year out on a bullish foot, it has fallen steeply from its March peak thanks to a combination of competition and continued inflation. Namely, after sales growth slowed to a crawl in the fiscal 2024 first quarter (ended May 4), the cosmetics and skincare retailer lowered its full-year revenue guidance. Investors are understandably worried. The sellers, however, have arguably overshot their target. At the same time, the narrative surrounding the company has also turned unnecessarily pessimistic. Analysts' current consensus price target of $487.90 is 28% above the stock's present price, suggesting its pullback is ultimately a buying opportunity. Investors just have to look further down the road to see the bigger picture. Three arguments for owning Ulta Beauty stock While there are still challenges for Ulta to overcome, the growth headwinds the company presently faces are temporary. Inflation is a big one. While May's inflation rate of 3.3% was above
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ULTA
News
- L'Oreal adjusts global beauty forecast amid China's market volatility [Yahoo! Finance]Yahoo! Finance
- Is Ulta Beauty, Inc. (NASDAQ:ULTA) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Odele Launches "Get Along With Your Hair" Campaign, Celebrating the Lifelong Relationship We Have With Our Hair [Yahoo! Finance]Yahoo! Finance
- The Best Stores For Every Kind of Shopping [Yahoo! Finance]Yahoo! Finance
- The Best Stores For Every Kind of Shopping [Yahoo! Finance Canada]Yahoo! Finance Canada
ULTA
Earnings
- 5/30/24 - Beat
ULTA
Sec Filings
- 6/27/24 - Form 4
- 6/25/24 - Form 144
- 6/17/24 - Form 8-K
- ULTA's page on the SEC website