On March 15, 2024, analyst Mark Astrachan from Stifel continues to cover Ulta Beauty (NASDAQ: ULTA) with a Hold rating and increases the price target to $565 from $505.
This adjustment signifies Stifel’s evaluation of Ulta Beauty’s progress and opportunities within the market.
ULTA Beauty Inc. (ULTA) Stock Price Drops 6.52% on March 15, 2024: What Investors Need to Know
On March 15, 2024, ULTA Beauty Inc. (ULTA) experienced a significant drop in its stock price, with shares decreasing by $36.84, or 6.52%. The stock opened at $503.85, which was $61.59 lower than its previous close. This decline in price marks a notable shift in the stock’s performance.
Despite this drop, ULTA is still trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been performing well overall in the longer term, but the recent price drop may be cause for concern among investors.
It’s important to consider the factors that may have contributed to this decline in ULTA’s stock price. Market conditions, company performance, and industry trends can all play a role in determining a stock’s performance on any given day. Investors should closely monitor these factors to gain a better understanding of why the stock price has dropped and what potential implications it may have for the future.
Overall, the drop in ULTA’s stock price on March 15, 2024, serves as a reminder of the volatility of the stock market and the importance of staying informed and proactive in managing investments. By staying vigilant and informed, investors can navigate market fluctuations and make sound investment decisions.
ULTA Beauty, Inc. Stock Performance Analysis: Stable Revenue but Decrease in Net Income and EPS
On March 15, 2024, ULTA Beauty, Inc. (ULTA) stock performance was relatively stable despite some fluctuations in key financial metrics. According to data from CNN Money, ULTA reported a total revenue of $11.21 billion over the past year, with $2.49 billion in the third quarter. This represents a 9.78% increase in total revenue since last year, but total revenue held flat since the last quarter.
In terms of net income, ULTA reported $1.29 billion over the past year and $249.48 million in the third quarter. This represents a 3.91% increase in net income since last year, but a significant decrease of 16.87% since the last quarter. Earnings per share (EPS) for ULTA were reported at $24.01 over the past year and $5.07 in the third quarter. This represents a 33.58% increase in EPS since last year, but a decrease of 15.82% since the last quarter.
