ULTA Beauty's market share in the prestige category remained stable this quarter, marking an improvement from previous periods. Following the earnings announcement, ULTA's shares experienced a positive response in post-market trading. Despite this uptick, DA Davidson pointed out that the stock continues to trade at a discount both absolutely and relatively.
The revised price target of $510 is based on a 20-times multiple of DA Davidson's projected earnings per share for ULTA Beauty in 2026. The firm reiterated its Buy rating, signaling confidence in the company's performance and market position moving forward. InvestingPro reveals management has been actively buying back shares, demonstrating confidence in the company's future.
Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ULTA's investment potential. InvestingPro reveals management has been actively buying back shares, demonstrating confidence in the company's future. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ULTA's investment potential.
ULTA Beauty's market share in the prestige category remained stable this quarter, marking an improvement from previous periods. Following the earnings announcement, ULTA's shares experienced a positive response in post-market trading. Despite this uptick, DA Davidson pointed out that the stock continues to trade at a discount both absolutely and relatively.
The revised price target of $510 is based on a 20-times multiple of DA Davidson's projected earnings per share for ULTA Beauty in 2026. The firm reiterated its Buy rating, signaling confidence in the company's performance and market position moving forward.
InvestingPro reveals management has been actively buying back shares, demonstrating confidence in the company's future. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ULTA's investment potential.
ULTA Beauty's market share in the prestige category remained stable this quarter, marking an improvement from previous periods. Following the earnings announcement, ULTA's shares experienced a positive response in post-market trading. Despite this uptick, DA Davidson pointed out that the stock continues to trade at a discount both absolutely and relatively.
The revised price target of $510 is based on a 20-times multiple of DA Davidson's projected earnings per share for ULTA Beauty in 2026. The firm reiterated its Buy rating, signaling confidence in the company's performance and market position moving forward.
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