Daily Progress: Ulta Beauty Inc (ULTA) Drop -1.71, Closing at 363.30

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

In the latest session, Ulta Beauty Inc (NASDAQ: ULTA) closed at $363.30 down -1.71% from its previous closing price of $369.61. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 1.16 million shares were traded. ULTA stock price reached its highest trading level at $372.835 during the session, while it also had its lowest trading level at $363.02.

Ratios:

For a deeper understanding of Ulta Beauty Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.05. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.82 whereas as Long-Term Debt/Eq ratio is at 0.70.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 24, 2024, Downgraded its rating to Neutral and sets its target price to $404 from $494 previously.

On July 15, 2024, Oppenheimer reiterated its Outperform rating and also upped its target price recommendation from $475 to $450.

Telsey Advisory Group reiterated its Outperform rating for the stock on May 24, 2024, while the target price for the stock was revised from $600 to $500.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 02 ’24 when Halligan Catherine Ann sold 100 shares for $390.08 per share. The transaction valued at 39,008 led to the insider holds 2,017 shares of the business.

Caro Jodi J sold 650 shares of ULTA for $252,639 on Jun 25 ’24. The GC, Chief Risk & Compl. Ofc. now owns 6,801 shares after completing the transaction at $388.68 per share. On Jun 04 ’24, another insider, MRKONIC GEORGE R JR, who serves as the Director of the company, sold 397 shares for $389.34 each. As a result, the insider received 154,568 and left with 2,000 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ULTA now has a Market Capitalization of 17335367680 and an Enterprise Value of 18703527936. As of this moment, Ulta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.17, and their Forward P/E ratio for the next fiscal year is 12.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.53 while its Price-to-Book (P/B) ratio in mrq is 7.55. Its current Enterprise Value per Revenue stands at 1.655 whereas that against EBITDA is 9.914.

Stock Price History:

Over the past 52 weeks, ULTA has reached a high of $574.76, while it has fallen to a 52-week low of $364.67. The 50-Day Moving Average of the stock is -6.88%, while the 200-Day Moving Average is calculated to be -18.18%.

Shares Statistics:

For the past three months, ULTA has traded an average of 859.78K shares per day and 900460 over the past ten days. A total of 48.32M shares are outstanding, with a floating share count of 47.60M. Insiders hold about 0.24% of the company’s shares, while institutions hold 96.84% stake in the company. Shares short for ULTA as of 1721001600 were 2074047 with a Short Ratio of 2.41, compared to 1718323200 on 1702123. Therefore, it implies a Short% of Shares Outstanding of 2074047 and a Short% of Float of 5.58.

Most Popular