On 4/3/24, Ulta Beauty Inc (NASDAQ: ULTA) stock suffered a major decline of -15.3%, closing at $439.98. Moreover, this decline was accompanied by exceptionally high trading volume at 536% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -13.0% during the last week.
Current PriceTarget Research Rating
ULTA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ulta Beauty has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ulta Beauty has a neutral Appreciation Score of 44 but a good Power Rating of 81, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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