JP Morgan analyst Christopher Horvers reiterated an Overweight rating on Ulta Beauty, Inc. ULTA, lowering the price forecast to $450 from $544. The company will report its earnings results tomorrow after the closing bell. Horvers lowered the company's comp forecast to flat for the second quarter, as most investors expect a -1% outcome. The analyst has reduced the comps estimate for the second half of 2024 to +1%, with a revised second-quarter EPS of $5.46 and FY24 EPS of $25.10, compared to the consensus es ...

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 ...

Ulta Beauty, Inc. (ULTA) is likely to register top-line growth when it reports second-quarter fiscal 2024 earnings on Aug 29. The Zacks Consensus Estimate for revenues is pegged at $2.62 billion, suggesting an increase of 3.5% from the prior-year quarter's reported figure. However, the bottom line is likely to decline year over year. The consensus mark for quarterly earnings has dropped by 1 cent in the past 30 days to $5.49 per share. This indicates a decline of 8.8% from the year-ago quarter's reported fi ...

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 ...

Warren Buffett thinks Ulta stock is a buy at a cheap 12.5x earnings. Ulta Beauty (ULTA 11.87%) stock got a facelift Thursday after The Wall Street Journal reported that megainvestor Warren Buffett has taken an interest in the company. Citing public filings, the Journal noted that Buffett's Berkshire Hathaway (BRK.A 0.87%) (BRK.B 0.83%) has acquired 690,106 Ulta shares since making its last 13F filing with the Securities and Exchange Commission. What's Buffett up to? According to the Journal, Buffett's Ulta ...