Added to YB: 2024-03-28
Pitch date: 2024-03-27
ULTA [bullish]
Ulta Beauty, Inc.
+16.66%
current return
Author Info
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Company Info
Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.
Market Cap
$26.7B
Pitch Price
$515.67
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.52
P/E
22.98
EV/Sales
2.42
Sector
Specialty Retail
Category
growth
Ulta Beauty - The Beauty of retail stocks
ULTA: Bullish; strong US beauty retailer, 13% market share, 1,385 stores, robust online platform. Expansive offerings (25k+ products, 600+ brands), focused on trend alignment & customer values. Forecasts FY2024 net sales $11.7B-11.8B, 4-5% comp sales growth, operating margin 14-14.3%, EPS $26.20-$27. Solid shareholder returns via share repurchase programs. Expansion plans with Mexico entry in 2025. Despite strong fundamentals, current stock price $514 suggests potential overvaluation; P/E 19.19x, EV/EBIT 15.56x vs. 5-year average. Awaiting strategic update in fall's investor day for future perspective.
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