Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Ulta Beauty (NASDAQ:ULTA) Inc. stock reached a 52-week high, touching $498.99, marking a significant milestone for the beauty retailer. With a market capitalization of $22.4 billion and a P/E ratio of 19.36, the company maintains a GREAT financial health score according to InvestingPro analysis. Over the past year, Ulta Beauty’s stock has experienced a notable increase, with a 1-year change of 27.22%. This upward trajectory reflects investor confidence and the company’s strong market performance, supported by robust revenue of $11.4 billion and an impressive gross profit margin of 42.71%. The recent high underscores Ulta Beauty’s resilience and adaptability in a competitive industry, as it continues to expand its product offerings and enhance customer experiences, driving growth and shareholder value. Based on InvestingPro’s Fair Value analysis, the stock appears fairly valued, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Ulta Beauty has announced the acquisition of British beauty retailer Space NK from Manzanita Capital. This strategic move marks Ulta’s first direct entry into the UK market, aligning with its international expansion strategy, which includes plans for growth in Mexico and the Middle East. While the financial terms of the deal were not disclosed, reports suggest the acquisition could be valued at over £300 million ($380 million). DA Davidson has maintained a Buy rating on Ulta Beauty, raising its price target to $550.00, citing improved product differentiation compared to competitors. The acquisition is expected to have an immaterial impact on Ulta’s 2025 financial results and will not affect its $900 million share buyback program. Additionally, Citi has reiterated a neutral rating on Ulta Beauty following the departure of CFO Paula Oyibo, with Chris Lialios stepping in as interim CFO. The company continues to seek a permanent replacement with international experience to support its expansion plans. Despite the CFO transition, Ulta Beauty has reiterated its fiscal 2025 guidance, which Citi interprets as a conservative approach amid uncertain macroeconomic conditions.
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