Ulta Beauty IncULTA
▼ NegativeCapitalrelevance
Stock down 35% from high, underperforming retail ETF; cautious forward guidance despite beat
Impact on stocks 2
Consumer Discretionary
Ulta Beauty Inc
Bath & Body Works Inc.BBWI
Mentioned
Ulta Beauty shares have declined 35.1% from their 52-week high of $714.97 reached on February 18, underperforming the broader retail sector. Over the past three months, the stock is down 10.3%, while the SPDR S&P Retail ETF gained 8.6%. On a year-to-date basis, ULTA has fallen 23.4% compared to the ETF's 2.1% rise. The company reported better-than-expected first-quarter results on June 2, with revenue up 11.1% to $3.2 billion and EPS of $7.74, but shares still dropped 4.8% in the following session amid cautious forward guidance. Analysts maintain a consensus Moderate Buy rating with a mean price target of $631.50, implying a 36.2% upside from current levels.
Ulta Beauty IncStock down 35% from high, underperforming retail ETF; cautious forward guidance despite beat
Bath & Body Works Inc.