J.P. Morgan analyst Christopher Horvers has maintained their bullish stance on ULTA stock, giving a Buy rating yesterday.
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Christopher Horvers has given his Buy rating due to a combination of factors including Ulta Beauty’s strategic leadership changes and reaffirmed financial guidance. The recent appointment of Chris Lialios as Interim CFO, following the departure of Paula Oyibo, is seen as a natural progression in the company’s leadership evolution under CEO Kecia Steelman. This move is aligned with ULTA’s growth strategy, focusing on expanding market share domestically and internationally.
Furthermore, Ulta Beauty’s decision to reaffirm its 2025 financial guidance, including expected net sales and earnings per share, underscores confidence in the company’s performance trajectory. The guidance reiteration, alongside the strategic leadership adjustments, suggests that the company is on a solid path to achieving its growth objectives, making it an attractive investment opportunity.
In another report released yesterday, Evercore ISI also reiterated a Buy rating on the stock with a $490.00 price target.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ULTA in relation to earlier this year.