Stock Forecast: Has ULTA Stock Become Overvalued from Short-Term Meager Growth?
[Source: Downtown Summerlin, May 8th 2018]
“Looking ahead to 2018, we are deploying a portion of the tax reform benefits to invest in our people and accelerate investments to drive growth and innovation,”
---Mary Dillon, CEO of ULTA Beauty
Stock Forecast: ULTA Beauty's Aim to Surpass Competition in the E-Commerce Realm
Summary:
- Thus far, ULTA's shares have outperformed the market by 24%; however, shares are still trading almost 20% below their 52-week highs.
- ULTA is evolving their marketing strategy to compete in such a competitive saturated market of beauty care
- Comps are slowing, but underlying business still looks strong.
- ULTA seemingly is overvalued, although some analysts postulate the company is headed in an upward trajectory in the coming years.
- Tax reform will provide a boost.