Why Ulta Beauty Inc Shareholders Have Nothing to Worry About
Ulta Beauty (NASDAQ: ULTA) investors have recently had to deal with an unexpected turn of events -- underperformance. Since hitting all-time highs over $313 per share in early June, the stock is down over 20%.
Data by YCharts.
The weakness isn't due to any missteps from the company but recent moves by department stores like Lord & Taylor, Macy's, and J.C. Penney to offer large discounts on high-end cosmetics. The moves are somewhat unprecedented in the industry, as prestige makeup has long been an item department stores avoided discounting at all costs. However, in the wake of large declines in mall and department store traffic, drastic measures are now necessary.
Source: Fool.com
Ulta Salon Aktie
338,80 €
-1,97 %
Ulta Salon erfreut sich mäßiger Beliebtheit, mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 459 € für Ulta Salon weist auf eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 338.8 € hin.
