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Fly News Breaks for January 23, 2018
ULTA
Jan 23, 2018 | 11:57 EDT
Buckingham analyst Kelly Crago noted that Ulta Beauty has begun distributing a coupon for an additional 20% off, similar to one that ran in Q3. While this coupon is a sign that Q4 trends may have been somewhat softer than planned, Crago believes the gross margin impact could be less than the 110 bps decline that was seen in Q3, she tells investors. Ulta is well positioned as a market-share taker in beauty and still poised to grow comps at a high-single digit pace in 2018, said the analyst, who reiterates her Buy rating on the shares.
News For ULTA From the Last 2 Days
ULTA
Apr 24, 2024 | 06:44 EDT
Wells Fargo lowered the firm's price target on Ulta Beauty to $350 from $450 and keeps an Underweight rating on the shares. The category is slowing faster than anticipated as the competitive backdrop has become more challenging, the firm says. Margins will likely continue to erode as the need to invest accelerates, Wells adds.
