What's In Store For Ulta Beauty This Earnings Season? Analyst Predicts Lower Margins
Portfolio Pulse from Nabaparna Bhattacharya
JP Morgan analyst Christopher Horvers maintains an Overweight rating on Ulta Beauty (NASDAQ:ULTA) but lowers the price target to $450 from $544, citing lower margin expectations. Ulta is set to report earnings with a flat comp forecast for Q2 and reduced EPS estimates. Despite challenges, Ulta is gaining market share and benefits from its unique position in the beauty retail sector.
August 28, 2024 | 6:28 pm
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JP Morgan analyst Christopher Horvers maintains an Overweight rating on Ulta Beauty but lowers the price target to $450 from $544 due to lower margin expectations. Ulta's earnings report is anticipated with a flat comp forecast for Q2 and reduced EPS estimates. Despite challenges, Ulta is gaining market share and benefits from its unique position in the beauty retail sector.
The analyst's reduction in price target and EPS estimates suggests a negative short-term outlook for Ulta's stock. The flat comp forecast and margin concerns indicate potential challenges in meeting investor expectations. However, Ulta's market share gains and unique market position provide some positive long-term prospects.
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