Ulta Beauty on the Street: Why Analysts See a Further Upside
As of March 10, 2017, 14 out of 23 analysts surveyed (61%) had issued a “buy” recommendation for Ulta stock. Nine analysts have given it a “hold” rating.
In fiscal 2016, Ulta Beauty added 69 new brands and implemented over 500 prestige brand expansions.
Ulta’s gross margin declined in fiscal 4Q16, though the company’s operating margin improved on a YoY basis.
Ulta saw its sales rise 24.6% to $1.58 billion in fiscal 4Q16, surpassing the consensus analysts’ sales estimate of $1.54 billion for fiscal 4Q16.
Ulta Beauty delivered adjusted EPS (earnings per share) of $2.24 ahead of the consensus Wall Street analysts’ estimate of $2.13.
Ulta Beauty (ULTA) stock rose 4.6% to $286.42 on March 10, 2017, in reaction to the company’s impressive results for fiscal 4Q16.
As of March 2, 72%, or 18 out of 25 analysts covering Best Buy’s stock, had a “hold” recommendation.
On March 1, Best Buy’s (BBY) 12-month forward PE fell 11.7% to 11.4x on March 1, the day the company announced its fiscal 4Q17 results.
Best Buy (BBY) exceeded analysts’ earnings estimate but missed the consensus revenue estimate in fiscal 4Q17.
Best Buy’s (BBY) cost reduction efforts helped in improving its gross as well as operating margins in fiscal 4Q17.
Best Buy’s adjusted EPS rose 27.5% on a year-over-year basis in fiscal 4Q17.
Best Buy (BBY) stock fell 4.5% to $42.14 on March 1 in reaction to the company’s fiscal 4Q17 results and lower-than-expected guidance for fiscal 1Q18.
Best Buy stock rose 13.7% on November 17 in reaction to the company’s impressive fiscal 3Q17 results. Fiscal 3Q17 ended on October 29, 2016.
Best Buy was trading at a 12-month forward PE multiple of 13.6x as of November 25. Its valuation multiple rose 8.8% on November 17 due to its 3Q17 results.
Best Buy (BBY) reported an increase in its gross margin and operating margin in fiscal 3Q17, which ended on October 29, 2016.
Best Buy’s (BBY) same-store sales increased in fiscal 3Q17, which ended on October 29, 2017. Its same-store sales rose 1.8% on a year-over-year basis.
Best Buy reported revenue growth of 1.4% in fiscal 3Q17. It’s an improvement compared to revenue growth of 0.1% in fiscal 2Q17 and -1.3% in fiscal 1Q17.
On August 23, 18 out of 25 analysts (72%) had a “hold” recommendation for Best Buy’s stock. Five analysts had a “buy” recommendation, and two analysts had a “sell” recommendation.
Consumer electronics retailer Best Buy (BBY) reported a 0.1% rise in its revenue for fiscal 2Q17, which ended on July 30, 2016.
Intense competition from online retailers and softness in the Consumer Electronics category has put pressure on Best Buy’s (BBY) margins. In fiscal 2Q17, which ended on July 30, 2016, the company’s gross margin declined by 40 basis points.