ULTAUlta Beauty, Inc. Common Stock Nasdaq Global Select
Ulta Beauty, Inc. Common Stock 1000 Remington Boulevard Bolingbrook IL, 60440 http://www.ulta.comUlta Beauty Inc operates as a beauty retailer in the United States. It offers cosmetics, fragrance, skin, hair care products and salon services.
- CEO: Mary N. Dillon
- Employees: 34,700
- Sector: Consumer Cyclical
- Industry: Retail - Apparel & Specialty
Latest news about the ULTA
- At US$319, Is Ulta Beauty, Inc. (NASDAQ:ULTA) Worth Looking At Closely?
Ulta Beauty, Inc. ( NASDAQ:ULTA ) saw a double-digit share price rise of over 10% in the past couple of months on the...View More →
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- Underwhelming Guidance Is Not A Good Look For Ulta Beauty
Ulta Beauty (ULTA) stock has recovered nicely since November’s announcements about COVID-19 vaccines. Over the past six months, shares of the cosmetics retailer have rallied nearly 49%. Earnings are expected to see a solid rebound this fiscal year, which ends in January 2022. It still might take time for earnings to bounce back to their high-water mark, which was set in the fiscal year immediately preceding the pandemic. Ulta is adapting to the new normal, shifting away from its prior strategy, which was to expand the number of physical stores and move towards e-commerce-related growth. This plan could prove successful, but continued challenges might make it tough for shares to post additional gains. A Full Recovery For Ulta Stock May Remain Elusive Per Ulta’s results for last quarter, ending Jan. 31, 2021, sales compared to the same quarter in the prior year, before the pandemic hit, were down by only around 4.6%. In anticipation of these better-than-expected results, investors aggressively bid up shares, as seen by the jump from around $210 per share last November to $347.50 in March. (See ULTA stock analysis on TipRanks) That said, based on the company’s guidance, challenges remain. Outgoing CEO Mary Dillon remains confident that Ulta’s underlying business will get stronger as the vaccine rollout continues. However, Ulta’s outlook for 2021 predicts another year in which revenue will fall short of 2019 levels. Along with Dillon’s departure after eight years as CEO, and Ulta’s plans to open only 40 new stores in 2021, investors are concerned about Ulta’s growth potential. So far, this mixed guidance has had only a moderately negative impact on the ULTA stock price. Still, due to the risk implied by this uncertainty, shares may be set to pull back a bit more. Possibility Of A Pullback Mixed guidance, and the recent cooling following its hot run from last fall through the start of spring, point to possible lower prices for Ulta Beauty shares. This potential pullback, which could be chalked up to investor impatience, may work in favor of patient investors. As it stands now, Ulta sports a premium valuation, given that its business rebound remains a work in progress. Trading for 33.2x forward earnings, its valuation could see some slight contraction. A 10%-15% pullback, which is toward the low end of analyst estimates, seems plausible in the near-term. That will be true especially if earnings for the current quarter underwhelm as well. Even as the recovery timeline for Ulta remains longer than for other retailers, investors with a longer time horizon may find opportunity here if shares fall back below the $300 per share mark. Analysts Chime In According to TipRanks’ analyst rating consensus, ULTA stock comes in as a Moderate Buy. Out of 19 analysts covering the stock, 13 rate it a Buy, 6 analysts rate it a Hold, and 0 analysts rate it a Sell. As for price targets, the average analyst price target on ULTA stock today is $345.33 per share, implying around 6.49% upside potential. Bottom Line The markets were justified in bidding up this stock on vaccine optimism, and the slow crawl back to the old normal points to business as usual for bricks-and-mortar focused retail plays such as Ulta. However, the company is now seeing just a partial recovery. Social distancing and mask orders have not totally decimated the demand for beauty products, but they certainly do not help. Once the U.S. moves beyond these measures, Ulta Beauty can leave last year’s headwinds behind. With this in mind, investor interest could continue to cool as the rebound takes longer than expected. Yet, with the potential for results to hit their high-water mark within the next year or two, investors interested in ULTA stock may find opportunity here, when and if a double-digit pullback occurs. Disclosure: Thomas Niel held no position in any of the stocks mentioned in this article at the time of publication. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.View More →
- How the Secretive Family Behind Chanel Is Reshaping a Big Investment Bet
(Bloomberg) -- Mousse Partners, the family office for one of the world’s largest fortunes, is reshaping one of its biggest bets.The investment firm for the family behind luxury brand Chanel has sold most of its stake in Ulta Beauty Inc., an investment held for at least 14 years that’s returned more than 1,700%.Since late March, the firm that manages the wealth of Alain and Gerard Wertheimer sold shares in the cosmetics retailer worth about $480 million, according to data compiled by Bloomberg from regulatory filings. The New York-based family office meanwhile this month increased its stake in rival Beautycounter and was part of a funding round for fast casual restaurant chain Cava.Mousse Partners is one of the world’s largest and most discrete family offices. It has been run for more than two decades by Charles Heilbronn, half-brother of Alain and Gerard, who are credited with owning equal shares of the London-based luxury empire built on No. 5 perfume, the little black dress and the genius of designer Karl Lagerfeld.Venture CapitalThe share sales are a rare glimpse into an investment firm that manages part of an almost $90 billion fortune. Mousse invests in private equity, real estate and credit, often in the form of venture capital. Since the start of 2020, it has backed communication platform MessageBird, catering company Butler Hospitality and fitness firm Tonal. It also bought a stake in Nature’s Fynd, a food startup producing a protein developed from a volcanic microbe found in Yellowstone National Park.The latest Beautycounter investment was made as Carlyle Group Inc. took a majority stake in the skin-care and cosmetics brand. It valued the company, which sells primarily through the Internet rather than physical locations, at $1 billion.Mousse still controls a stake in Ulta Beauty worth about $150 million. It cut the holding as the shares traded near a record. The Bolingbrook, Illinois-based company’s stock has surged more than 150% since mid-March of 2020.A spokeswoman for Ulta Beauty declined to comment, while Heilbronn didn’t respond to a request for comment through LinkedIn.Mousse employs more than three dozen people in Manhattan, Hong Kong and Beijing. The firm’s recent hires include former investment banking analysts from JPMorgan Chase & Co. and Lazard. Suzi Kwon Cohen joined as chief investment officer in 2016 after leading North America private equity for Singapore’s sovereign wealth fund.Winning BetsHeilbronn has helped run things since the start, placing winning bets on other skin-care and cosmetics companies such as Coty Inc., while also taking stakes in hospitality, furniture and pharmaceutical companies.The family office doesn’t disclose how much money is at its disposal, but Chanel distributed more than $2 billion in dividends in the past five years, according to the Bloomberg Billionaires Index.Heilbronn has been an Ulta Beauty director for more than two decades, with the family investing in the beauty retailer ahead of its 2007 initial public offering.(Adds chart of investments after sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.View More →
- Ulta Beauty’s Outlook Is Getting Rosier, Says Analyst
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- Ulta Beauty (ULTA) Gains on Growth in Digital Sales & Skincare
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- Ulta Beauty to Participate in Upcoming Investor Conference
Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that the Company will present at the J.P. Morgan 7th Annual Retail Round-Up Virtual Conference on Wednesday, April 14, 2021 at 8:50 a.m. Eastern Time / 7:50 a.m. Central Time. The presentation will be hosted by Dave Kimbell, President, Scott Settersten, Chief Financial Officer, and Kecia Steelman, Chief Store Operations Officer. The presentation will be webcast live at http://ir.ultabeauty.com.View More →
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