Ulta Beauty, Inc. (ULTA) News
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Latest ULTA News From Around the Web
Below are the latest news stories about Ulta Beauty Inc that investors may wish to consider to help them evaluate ULTA as an investment opportunity.
A look at the company's first quarter results Continue reading...
Ulta Beauty, Inc. (NASDAQ: ULTA) today announced that the Company will present at the William Blair 40th Annual Growth Stock Conference on Tuesday, June 9, 2020 at 3:40 p.m. Eastern Time / 2:40 p.m. Central Time. The presentation will be hosted by Dave Kimbell, President. The presentation will be webcast live at http://ir.ultabeauty.com.
Box, Ulta Beauty, Merck, Gilead and Johnson & Johnson highlighted as Zacks Bull and Bear of the Day
Ulta Beauty Inc (NYSE: ULTA) was forced to pivot to an e-commerce only business model in March and followed up a few weeks later with a curbside pickup option. Consumers responded "tremendously well" to the initiatives, but now the company is ready to proceed with store reopenings, CEO Mary Dillon said on "Mad Money."Pent-Up Demand Ulta was forced to close all of its stores due to the COVID-19 pandemic in March, but management reacted with tremendous speed in focusing on how the e-commerce business can satisfy consumer demand for beauty products. The first 180 stores with a curbside pickup option experienced "similar" total sales volume on a year-over-year basis that signals pent-up demand for beauty products.Today, 75% of stores are open for curbside pickup while around 50% of stores a...
The beauty retailer's charts have improved greatly from March but face overhead resistance ahead.
Bear of the Day: Ulta Beauty (ULTA)
Close personal contact and an interactive testing playground have been hallmarks of its stores, but public health concerns will require a new shopping approach.
Piper Sandler analyst Erinn Murphy upgraded both Estee Lauder and Ulta stock to Overweight from Neutral. Skin-care habits developed now will benefit Estee Lauder in the long run, while Ulta could see a meaningful sales boost from more online customers.
One analyst just got a bit more optimistic about the stock despite a tough earnings report in late May.
Ulta's beauty products aren't necessarily a consumer staple, but makeup and cosmetics tend to be more resilient to downturns than apparel or other forms of consumer discretionary purchases, because of the low price point and emotional connection consumers have for makeup. In addition, Ulta has a robust e-commerce and omnichannel business, which helped stem the bleeding of store closures last quarter. During the quarter, which was almost half "normal" and half "quarantine," Ulta reported some ugly numbers.