The company has set itself apart in the competitive world of cosmetics retail. Ulta Beauty (ULTA 0.18%) has recently gotten much attention because of the large stake unexpectedly purchased by Warren Buffett's Berkshire Hathaway. With a higher profile, the cosmetics retailer is also winning attention from a clutch of analysts, with one of those pundits recently modifying his price target on the shares. Price target reduced; bullish stance maintained Baird's Mark Altschwager recently cut said price target to ...

Core Viewpoint - Ulta Beauty, Inc. is expected to report revenue growth for the second quarter of fiscal 2024, with a projected revenue of $2.62 billion, reflecting a 3.5% increase year-over-year. However, earnings per share are anticipated to decline by 8.8% to $5.49 [1][2]. Group 1: Revenue and Earnings Expectations - The Zacks Consensus Estimate for Ulta's revenues is $2.62 billion, indicating a 3.5% increase from the previous year's quarter [1]. - The consensus estimate for quarterly earnings has decreased by 1 cent to $5.49 per share, representing an 8.8% decline from the prior year [2]. Group 2: Strategic Focus and Sales Growth - Ulta Beauty is focusing on five key areas: enhancing product assortment, boosting social relevance, improving digital experiences, leveraging its loyalty program, and refining promotional strategies, which are expected to drive comparable sales growth in the low single-digit range for the first half of fiscal 2024 [3]. - Projections indicate a 1.5% increase in comparable sales for the second quarter of fiscal 2024 [3]. Group 3: Market Position and Trends - Favorable trends in the beauty sector are positioning Ulta Beauty well for the upcoming quarter, with effective integration of mass, prestige, and luxury brands enhancing the shopping experience [4]. - The company's strong operating model and brand partnerships are contributing to increased traffic in both physical stores and digital channels [4]. Group 4: Challenges and Cost Management - Ulta Beauty is facing a dynamic and challenging environment, with management expressing dissatisfaction with current market share trends and intense competition in the beauty industry [5]. - The company expects SG&A expenses to increase by low-double-digit percentages in the first half of fiscal 2024, with an anticipated 12.7% increase in the second quarter [6]. - Management also expects gross margin to contract by 20 basis points in the second quarter due to soft merchandise margins and fixed cost deleverage [7]. Group 5: Earnings Prediction - The current model does not predict an earnings beat for Ulta Beauty, with a Zacks Rank of 3 and an Earnings ESP of -1.97% [8].

In its upcoming report, Ulta Beauty (ULTA) is predicted by Wall Street analysts to post quarterly earnings of $5.49 per share, reflecting a decline of 8.8% compared to the same period last year. Revenues are forecasted to be $2.62 billion, representing a year-over-year increase of 3.5%. Over the last 30 days, there has been a downward revision of 2.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial ...

This isn't an industry Buffett usually targets, but the company fits his model perfectly. Warren Buffett surprised investors with his recent purchase of Ulta Beauty (ULTA 1.17%) stock. A cosmetics stock seems like an unlikely buy for a portfolio heavy with financial stocks and old standards, but Ulta fits the Buffett model quite well. Let's see why, and if Ulta might be a good pick for you, too. Ulta isn't really a surprising Buffett pick Buffett-led Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) opened a ne ...

Is this a good buying opportunity or a value trip? With shares of specialty beauty retailer Ulta (ULTA -1.47%) getting hammered this year, despite the S&P 500 rising sharply higher, the stock has started to look quite attractive. Shares are trading at less than 15 times earnings as of this writing -- a huge discount compared to the S&P 500 and Nasdaq 100's price-to-earnings ratios of 24 and 31, respectively. Will a close examination of the retailer's stock reveal that it is as compelling as it appears on th ...

The most recent trading session ended with Ulta Beauty (ULTA) standing at $377.06, reflecting a -0.05% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.97%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 1.39%. The beauty products retailer's shares have seen a decrease of 3.5% over the last month, not keeping up with the Retail-Wholesale sector's loss of 2.12% and the S&P 500's loss of 1.85%. Investors will be eagerly ...

Here's why Ulta Beauty's stock looks attractive. In a surprising move, Warren Buffett added cosmetic retailer Ulta Beauty (ULTA -0.04%) to Berkshire Hathaway's portfolio in the second quarter. Buffett isn't afraid to own retailers in his portfolio, holding Walmart shares for over 20 years before exiting the position in 2018. However, it has not been a big focus of his in recent years. The only other retailers currently in Berkshire's portfolio are e-commerce giant Amazon and flooring and tile retailer Floor ...

Ulta Beauty (ULTA) shares ended the last trading session 11.2% higher at $365.80. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 17.8% loss over the past four weeks. Ulta Beauty's shares got a significant boost on Berkshire Hathaway's latest regulatory filing, which revealed a new investment in the beauty retailer, per sources. Industry experts believe that this new investment signals strong confidence in Ulta Bea ...

Ulta Beauty Inc (NASDAQ:ULTA) is up 14.5% to trade at $366.88 at last check, amid news that Warren Buffett's Berkshire Hathaway (BRK) took a $266 million stake in the cosmetics retailer. Shares are bouncing off an Aug. 13, three-year low of $318.72, as they pace for their first close above the 20- day moving average in nearly a month. The equity still carries a 24.8% year-to-date deficit, though. Options are flying off the shelves, with 9,733 calls and 5,447 puts traded so far, which is 14 times the intrada ...

Core Viewpoint - Warren Buffett has added Ulta Beauty (ULTA) to Berkshire Hathaway's portfolio despite the stock being down 30% this year [1] Group 1 - Ulta Beauty's stock price was noted to be down 30% in 2024 [1] - The video discussing this investment was published on August 15, 2024, with stock prices referenced from August 14, 2024 [1]