Ulta Beauty's Strong Q4 Earnings Spark Relief Rally But Analysts Stay Cautious

Cosmetics major Ulta Beauty Inc ULTA reported better-than-expected fourth-quarter FY24 earnings. The following are the comments from various analysts on the same.Goldman Sachs analyst Kate McShane reiterated a Neutral rating and lowered the price forecast from $392.00 to$384.00.ULTA’s fourth-quarter earnings beat expectations, with shares rising. Despite offering FY25 guidance below consensus, the company provided better-than-expected projections for a flat-to-positive comp and operating margins between 11 ...