Fly News Breaks for February 3, 2020
Feb 3, 2020 | 16:33 EDT
BMO Capital analyst Simeon Siegel initiated coverage of Ulta Beauty with a Market Perform rating and $285 price target. The analyst notes the company's "changing sentiment" as slowing cosmetics sales "muted" its main revenue driver and comps also fell. Siegel adds that Ulta Beauty has less incremental market share to capture, and he prefers to await greater visibility on comp trajectory.
News For ULTA From the Last 2 Days
May 19, 2022 | 08:11 EDT
Ulta Beauty launched its retail media network, UB Media, to offer brands addressable advertising leveraging its Ultamate Rewards member community. At launch, the network offers advertising access via offsite display, videos, social and influencer as well as onsite sponsored products. This suite of ad inventory, experiences and services will be supplemented with additional formats in the future. Additionally, brand partners using UB Media will have access to closed-loop campaign level reporting including audience and creative insights.