Added to YB: 2024-06-10
Pitch date: 2024-06-09
ULTA [bullish]
Ulta Beauty, Inc.
+54.95%
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
$381.55
Price Target
645.00 (+7%)
Dividend
N/A
EV/EBITDA
12.52
P/E
22.98
EV/Sales
2.42
Sector
Specialty Retail
Category
growth
ULTA Beauty: Double in 5 Years?
ULTA: Leading US beauty retailer w/ 1,850+ locations. Wide moat: economies of scale, network effects, passionate community. Beauty demand defensive in downturns. Consistent growth: 8.6% rev CAGR & 16.4% EPS CAGR L5Y. Rock solid finances: $1.6B EBIT vs $1.9B debt. Highly efficient: 58% ROE, steady 35%+ GM & 11% NM. Heavy buybacks signal confidence. $645 PT for 18% CAGR upside in 5 yrs on 7% rev growth, 11% NM, 3.6% buyback. Raises to $860 w/ buyback-driven multiple expansion. Attractive core holding.
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