Ulta Beauty (ULTA)

[winston]

not vested

Aug 19, 2019

Ulta Beauty, Inc. (ULTA) operates as a beauty retailer in the United States offering a range of cosmetics, skin-care products, fragrance, hair-care products, and salon accessories.

The beauty retailer also offers full-service in-store salons, providing hair, skin, and brow services.

According to a Barron's article, Guggenheim analyst Steven Forbes believes that investment in faster fulfillment centers coupled with digital innovation – such as using artificial intelligence (AI) to personalize the shopping experience – places Ulta Beauty in a position to secure additional market share.

The company reports its second quarter earnings on Thursday, Aug. 29, after the market close.

As of Aug. 19, 2019, Ulta Beauty stock has a market capitalization of $18.83 billion and is trading up an impressive 31.53% on the year, outperforming the miscellaneous retail industry and S&P 500 by 18.04% and 16.3%, respectively.

Despite the stock's strong year-to-date (YTD) gain, the price has slumped roughly 10% over the past month, but it finds crucial support at $318 from a 12-month horizontal line and the 200-day simple moving average (SMA).

Those who take a long position at current levels should anticipate a move back to $360 – an area where the price may encounter resistance from the top trendline of a trading range that has been intact since early April.

Manage downside risk by placing a stop-loss order under this month's low at $315.49.

Source: Investopedia

[winston]

not vested

Aug 19, 2019

Ulta Beauty, Inc. (ULTA) operates as a beauty retailer in the United States offering a range of cosmetics, skin-care products, fragrance, hair-care products, and salon accessories.

The beauty retailer also offers full-service in-store salons, providing hair, skin, and brow services.

According to a Barron's article, Guggenheim analyst Steven Forbes believes that investment in faster fulfillment centers coupled with digital innovation – such as using artificial intelligence (AI) to personalize the shopping experience – places Ulta Beauty in a position to secure additional market share.

The company reports its second quarter earnings on Thursday, Aug. 29, after the market close.

As of Aug. 19, 2019, Ulta Beauty stock has a market capitalization of $18.83 billion and is trading up an impressive 31.53% on the year, outperforming the miscellaneous retail industry and S&P 500 by 18.04% and 16.3%, respectively.

Despite the stock's strong year-to-date (YTD) gain, the price has slumped roughly 10% over the past month, but it finds crucial support at $318 from a 12-month horizontal line and the 200-day simple moving average (SMA).

Those who take a long position at current levels should anticipate a move back to $360 – an area where the price may encounter resistance from the top trendline of a trading range that has been intact since early April.

Manage downside risk by placing a stop-loss order under this month's low at $315.49.

Source: Investopedia

[winston]

vested

Ulta Beauty stock tanks as profit warning triggers multiple downgrades

By Ciara Linnane

Morgan Stanley analyst Simeon Gutman downgraded the stock to equal weight from overweight, and trimmed his stock price target to $275 from $395.

Piper Jaffray downgraded the stock to neutral from overweight and cut its stock price target to $250 from $360.

Stifel analysts led by Mark Astrachan cut their price target to $250 from $315, while JPMorgan’s Christopher Horvers lowered his to $317 from $395. Stifel is sticking with a hold rating, while JPMorgan remains overweight.

Source: Market Watch

https://www.marketwatch.com/story/ulta- ... yptr=yahoo

[winston]

vested

2 Reasons to Buy the Dip in Ulta Beauty Stock

by Luke Lango

First, near-term headwinds in the cosmetics industry won’t last. They will pass. When they do, Ulta’s numbers will improve.

Second, considering its long-term growth potential, ULTA stock is now undervalued, and the stock has sizable upside in the event the numbers do improve from here.

Buybacks will remain in play, too. All together, Ulta should be a low double-digit profit grower for the next several years. Realistically, that pegs earnings per share somewhere north of $20 by 2025.

Based on a growth stock average 20-times forward multiple, that implies a 2024 price target for ULTA stock of over $400.

Discounted back by 10% per year, that implies a 2019 price target of about $250 — markedly above today’s $230 price tag.

Source: Investor Place

https://finance.yahoo.com/news/2-reason ... 34287.html

[winston]

vested

Ulta Stock Is Beginning to Look Pretty Again

by Tim Biggam

ULTA is getting extremely oversold from a technical perspective.

Source: Investor Place

https://finance.yahoo.com/news/ulta-sto ... 27926.html

[winston]

vested

Ulta Beauty Is Still Not Ready to Regain Its Strength; More Repair Is Needed

Ulta stock may have stopped dropping but it needs more than cosmetic repair.

By BRUCE KAMICH

In the updated daily bar chart of ULTA below, we see that prices are holding in the $240-$225 area and trading volume is down from the gap day but heavier than in the previous months.

The moving averages are pointed down and the On-Balance-Volume (OBV) line is "holding on" in a sideways fashion.

The Moving Average Convergence Divergence (MACD) oscillator has narrowed and could cross to the upside for a cover-shorts buy signal.

In the Point and Figure chart of ULTA below, we see a little accumulation but the downside price target remains at $115.

Source: The Street

https://realmoney.thestreet.com/investi ... yptr=yahoo

[winston]

vested

Stock Trade of the Week: Ulta Beauty (ULTA)

by Rick Pendergraft

Analysts expect earnings to increase by 11% for 2019 as a whole while sales are expected to increase by 10.6%.

Profit margin is at 12.8%.

There are 21 analysts covering the stock with 12 “buy” ratings and nine “hold” ratings.

We see that the low was right in the $225 area and that was also the low back in December of last year.

Suggested strategy: Buy ULTA with a maximum entry price of $255.00.

I would set a target of at least $320.00 over the next 9 to 12 months.

I would suggest a stop loss at the $220 level.

Source: Daily Trade Alert

https://dailytradealert.com/2019/10/01/ ... auty-ulta/

[behappyalways]

Ulta Shares Tumble On Beauty Slowdown As Consumers Pull Back
https://www.zerohedge.com/markets/ulta- ... -pull-back

[behappyalways]

Lulu Prints Lemons, Ulta Gets Ugly As Shawties Spend Less On Plumage
https://www.zerohedge.com/markets/lulu- ... ss-plumage

[behappyalways]

Ulta Beats Earnings, Cautions Consumer Uncertainty As Back-To-School Season Begins
https://www.zerohedge.com/markets/ulta- ... son-begins