Ulta Beauty Inc (NASDAQ:ULTA) does about 835.63K shares in volume on a normal day but saw 581101 shares change hands in Friday trading. The company now has a market cap of 19.05B USD. Its current market price is $397.39, marking an increase of 0.02% compared to the previous close of $397.33. The 52 week high reached by this stock is $574.76 whilst the lowest price level in 52 weeks is $368.02.
Ulta Beauty Inc (ULTA) has a 20-day trading average at $422.16 and the current price is -30.86% off the 52-week high compared with 7.98% distance from its 52-week low. The 50-day simple moving average of the closing price is $486.83 and its 200-day simple moving average is $453.70. If we look at the stock’s price movements over the week, volatility stands at 1.89%, which increases to 2.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 22.74 to suggest the stock is oversold.
The consensus objective for the share price is $555.94, suggesting that the stock has a potential upside of 28.52% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 29, 2024 when Barclays downgraded the stock to “Equal Weight” and issued a price target of between $612 and $434. Jefferies also downgraded the stock to “Hold” from Buy on April 19, 2024 at a price target of $585-$438. Jefferies reiterated its price target at $610-$585.
Ulta Beauty Inc (ULTA) stock is down -2.21% over the week and -11.42% over the past month. Its price is -18.90% year-to-date and -24.04% over the past year.
To reach the target analysts have set, the stock logically needs to grow 28.52 percent from here.
The company has a return on investment of 33.05% and return on equity of 60.91%. The price to earnings ratio (P/E ratio) amounts to 15.26 while the forward price to earnings ratio is 13.63. The beta has a value of 1.38. Price to book ratio is 8.43 and price to sales ratio is 1.70.
