From Financial Modeling Prep: 2024-11-29 10:46:00

Citi analysts raised ULTA Beauty’s price target to $390, maintaining a Neutral rating before the third-quarter earnings report. They expected EPS of $4.69, beating the consensus estimate of $4.49 due to better-than-expected sales and gross margin performance.

Challenges for ULTA included softer category trends and competition from Sephora and Amazon. Despite these pressures, third-quarter trends were stable, leading analysts to predict a narrowed fiscal 2024 EPS guidance range and fourth-quarter EPS in line with estimates.

ULTA’s fiscal 2025 guidance anticipated positive comparable sales below historical growth but with a stable EBIT margin. Stabilizing sales trends in the third quarter were seen as a positive sign for meeting fiscal 2025 targets.



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