ULTA Stock Summary and Trading Ideas (Ulta Beauty | NASDAQ:ULTA)

With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and more than 600 individual brands. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.

Ulta Beauty trades on the NASDAQ stock market under the symbol ULTA.

As of November 15, 2024, ULTA stock price declined to $365.17 with 1,304,155 million shares trading.

ULTA has a beta of 1.32, meaning it tends to be more sensitive to market movements. ULTA has a correlation of 0.19 to the broad based SPY ETF.

ULTA has a market cap of $17.20 billion. This is considered a Large Cap stock.

Last quarter Ulta Beauty reported $3 billion in Revenue and $5.30 earnings per share. This fell short of revenue expectation by $-58 million and missed earnings estimates by -$.17.

In the last 3 years, ULTA traded as high as $574.76 and as low as $318.17.

The top ETF exchange traded funds that ULTA belongs to (by Net Assets): VTI, VOO, VO, VUG, SPY.

ULTA has underperformed the market in the last year with a price return of -12.1% while the SPY ETF gained +31.8%. ULTA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.2% and -3.3%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

ULTA support price is $376.65 and resistance is $388.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ULTA shares will trade within this expected range on the day.