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Ulta Salon Cosmetics and Fragrance Inc. has beaten estimates for EPS, revenue, and EBITDA, reflecting strong performance. The company's conservative guidance and outlook for operating-margin deterioration in fiscal 2024 has worried investors. However, Ulta Beauty remains well-positioned in the beauty industry and benefits from the Instagram Effect. The company's sales forecast for 2024 appears low, which may be a concern given its growing customer base and expanding store fleet. Overall, experts are comfortable with the stock but recommend keeping a close watch on its performance.
They're positioned well in beauty and benefits from the Instagram Effect. It reports next week.
#2 in cosmetics, behind ELF Beauty.
They had a great quarter and he loves the CEO. At $438, shares are in no-man's land. Sells at 17x earnings. A good buy, but not a trading stock.
It's the 6th-worst performer in discretionary. A good company, but momentum is broken and hasn't seen a bounce.
They just reported an excellent quarter last night, but spiked after hours, plunged, then rebounded today. A yo-yo. Why? How? Up and down then flat. They had a massive earnings and sales beats. Same-store sales were up 15.6% vs. 8.7% expected. And they faced tough comps from last year. RPS and revenue forecast FY 2023 guidance topped expectations. They're opening 25-30 new stores, while Wall Street expected 49. Problem is that expectations were set high, and today saw the SVB crash and a bearish market. Impressive growth areas: skin care, fragrance and ecommerce/in-store pick-up. Rewards program boasts 40.2 million members. American luxury spending will remain healthy, but will moderate. Not perfect, but pretty good.
Take some profits before they report on Thursday.
Ulta Salon Cosmetics and Fragrance Inc. is a American stock, trading under the symbol ULTA-Q on the NASDAQ (ULTA). It is usually referred to as NASDAQ:ULTA or ULTA-Q
In the last year, 6 stock analysts published opinions about ULTA-Q. 4 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ulta Salon Cosmetics and Fragrance Inc..
Ulta Salon Cosmetics and Fragrance Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Ulta Salon Cosmetics and Fragrance Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Ulta Salon Cosmetics and Fragrance Inc. In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Ulta Salon Cosmetics and Fragrance Inc. (ULTA-Q) stock closed at a price of $522.98.
EPS of $8.08 beat estimates of $7.57. Revenue of $3.55B beat estimates by 6.7%. EBITDA of $579M beat by 5.6%. Conservative guidance worried investors, though. Ulta Beauty's outlook for more operating-margin deterioration in fiscal 2024 is a bit of a concern, given the metric fell more than 100 bps to 15% in 2023 and since big market-cap hardline peers are largely projecting improvement this year. Beauty demand remains robust, as evidenced by strong 4Q results, including a 14.6% operating margin -- up vs. 3Q and above management's guidance. This strength in demand should let discounts remain limited, a tailwind for margin. The company's forecast for $11.7-$11.8 billion in sales for 2024 appears low, implying less than 5% growth at the midpoint, or about half of 2023's almost 10% gain. This might be too drastic a slowdown, even with tough year-over-year comparisons, considering its growing customer base and expanding store fleet. We are comfortable still, but it needs to be watched a bit more closely than usual.
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