Movement Alert｜ulta beauty Intraday Rise 5.1% in Regular Trading, BofA Raised Price Target to 700 Dollars

Market Focus10-30

On October 30, ulta beauty posted an Intraday Rise of 5.1% in Regular Trading, trading around $649.91 per share, with turnover of $211 million.

The clearest catalyst in publicly available information is a recent analyst action: BofA raised its price target on ulta beauty to $700 from $650 on October 20 while maintaining a Buy rating, following a separate target increase by Jefferies to $670 on October 1.

The upgrade backdrop was the company’s stronger fiscal Q2 report released in late August. Ulta Beauty reported adjusted EPS of $6.55 on revenue of $3.04 billion, ahead of consensus, with comparable sales up 3.8%. Management also raised full-year EPS guidance to $28.70 to $29.00 and increased its share repurchase plan to $1.8 billion, reinforcing the more constructive analyst stance reflected in recent target revisions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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