Barclays raises price target on Ulta Beauty at $445

Published 01/09/2025, 12:32 PM
© Reuters.
ULTA
-

Investing.com -- Barclays raised its price target on Ulta Beauty Inc (NASDAQ:ULTA) to $445 from $410 on stronger-than-expected preliminary fourth-quarter results and the appointment of Kecia Steelman as the company's new CEO.

Ulta announced on Jan. 6 that Steelman, a 10-year veteran of the company, would take over as President and CEO, succeeding Dave Kimbell.

Preliminary Q4 results also showed stronger holiday performance, prompting the company to raise its guidance, with comp sales now expected to grow modestly instead of a previously anticipated low single-digit decline.

Barclays (LON:BARC) revised its earnings estimates for fiscal 2024, 2025, and 2026 upward, driven by improved sales and margin forecasts.

The brokerage also increased its valuation multiple, noting progress toward stabilizing operating profit levels despite competitive challenges in the beauty industry.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.