Ulta Beauty tops Piper Sandler teen spending survey

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Ulta Beauty tops Piper Sandler teen spending survey

seekingalpha2023-04-04

In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beauty (NASDAQ:ULTA) stood out as a top performer. According to equity analyst Korinne Wolfmeyer, beauty ...

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Pohmoi
·2023-04-17
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According to equity analyst Korinne Wolfmeyer, beauty ...</p>\n\n<a href=\"https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ulta Beauty tops Piper Sandler teen spending survey</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUlta Beauty tops Piper Sandler teen spending survey\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-04 23:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beauty (NASDAQ:ULTA) stood out as a top performer. According to equity analyst Korinne Wolfmeyer, beauty ...</p>\n\n<a href=\"https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z6F94.USD","symbol_name":"Legg Mason Royce - US Smaller Companies A Acc USD","start_time":0,"source_url":"https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey","article_id":"2325386579","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1170040939/image_1170040939.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2325386579","pubTimestamp":1680623559,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beaut","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","BK4588":"碎股","OLPX":"Olaplex Holdings, Inc.","IPAR":"依特香水","BK4200":"专卖店","LU0823411888.USD":"法巴消费创新基金 Cap","BK4183":"个人用品","BK4202":"服装、服饰与奢侈品","LVMHF":"LVMH-Moet Hennessy Louis Vuitton","SBH":"莎莉美容控股公司","ULTA":"Ulta美容","BK4585":"ETF&股票定投概念"},"translate_title":"Ulta Beauty荣登Piper Sandler青少年消费调查榜首","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPAR":1,"LVMHF":1,"OLPX":1,"SBH":1,"ULTA":1},"content_text":"In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beauty (NASDAQ:ULTA) stood out as a top performer. According to equity analyst Korinne Wolfmeyer, beauty spending among teens remains on the rise, with specialty retailers like Ulta Beauty (ULTA) and Sally Beauty Holdings (SBH) raking in the bulk of spending. Per the survey, Ulta also remained the top preferred beauty destination for female teens with 41% mindshare. While LVMH’s (OTCPK:LVMHF) Sephora brand gained 800 basis points as compared to the prior year survey, it was unable to unseat Ulta. “Ulta continues to hold the top beauty loyalty program membership at 63% of surveyed female teens with a loyalty membership, while Sephora ranked below Amazon for the second survey in a row at No. 3,” Wolfmeyer added. Sally Beauty (SBH) was also highlighted as a prominent destination for teens. Wolfmeyer said that a “consistent shift toward specialty retail for beauty purchases, which should play out nicely for SBH. She assigned an Overweight rating to both Sally Beauty and Ulta with $19 and $615, respectively.. Rounding out Buy-rated names in the beauty space, Inter Parfums (IPAR) was highlighted as a key beneficiary of increased fragrance spend in younger cohorts. In particular, males have increased spending levels significantly, from $53 in the prior year survey to $70. Wolfmeyer assigned the stock a $170 price target.  Less encouragingly, haircare spending intention was cited as particularly weak, boding poorly for the likes of Olaplex (OLPX). Spending interest rose just 1% from the prior spring and declined from the fall. “We saw Olaplex move back to No. 1 in this survey after dropping to No. 2 in the Fall, but at 10% mindshare, it still sits below last year’s 11%,” Wolfmeyer wrote. “With no brand having >10% mindshare, we view this as a testament to how young and innovative this category still is, and consumers are still finding which brands they’re most loyal to.” Wolfmeyer maintained a Neutral rating on Olaplex. 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Saas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944329045","repostId":2325386579,"repostType":2,"repost":{"id":"2325386579","pubTimestamp":1680623559,"share":"https://ttm.financial/m/news/2325386579?lang=&edition=fundamental","pubTime":"2023-04-04 23:52","market":"us","language":"en","title":"Ulta Beauty tops Piper Sandler teen spending survey","url":"https://stock-news.laohu8.com/highlight/detail?id=2325386579","media":"seekingalpha","summary":"In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beaut","content":"<html><body><p>In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beauty (<span>NASDAQ:ULTA</span>) stood out as a top performer.</p> <p>According to equity analyst Korinne Wolfmeyer, beauty spending among teens remains on the rise, with specialty retailers like<span> Ulta Beauty (</span>ULTA<span>) and Sally Beauty Holdings (</span>SBH<span>) raking in the bulk of spending. Per the survey, Ulta also remained the top preferred beauty destination for female teens with 41% mindshare. While LVMH’s (</span>OTCPK:LVMHF<span>) Sephora brand gained 800 basis points as compared to the prior year survey, it was unable to unseat Ulta.</span></p> <p>“Ulta continues to hold the top beauty loyalty program membership at 63% of surveyed female teens with a loyalty membership, while Sephora ranked below Amazon for the second survey in a row at No. 3,” Wolfmeyer added.</p> <p>Sally Beauty (SBH) was also highlighted as a prominent destination for teens. Wolfmeyer said that a “consistent shift toward specialty retail for beauty purchases, which should play out nicely for SBH. She assigned an Overweight rating to both Sally Beauty and Ulta with $19 and $615, respectively..</p> <p>Rounding out Buy-rated names in the beauty space, Inter Parfums (IPAR) was highlighted as a key beneficiary of increased fragrance spend in younger cohorts. In particular, males have increased spending levels significantly, from $53 in the prior year survey to $70. Wolfmeyer assigned the stock a $170 price target. </p> <p>Less encouragingly, haircare spending intention was cited as particularly weak, boding poorly for the likes of Olaplex (OLPX). Spending interest rose just 1% from the prior spring and declined from the fall.</p> <p>“We saw Olaplex move back to No. 1 in this survey after dropping to No. 2 in the Fall, but at 10% mindshare, it still sits below last year’s 11%,” Wolfmeyer wrote. “With no brand having &gt;10% mindshare, we view this as a testament to how young and innovative this category still is, and consumers are still finding which brands they’re most loyal to.”</p> <p>Wolfmeyer maintained a Neutral rating on Olaplex.</p> <p>Read more on Canaccord Genuity’s recent Buy initiation of Ulta Beauty.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ulta Beauty tops Piper Sandler teen spending survey</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUlta Beauty tops Piper Sandler teen spending survey\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-04 23:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beauty (NASDAQ:ULTA) stood out as a top performer. According to equity analyst Korinne Wolfmeyer, beauty ...</p>\n\n<a href=\"https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1170040939/image_1170040939.jpg","relate_stocks":{"BK4585":"ETF&股票定投概念","ULTA":"Ulta美容","LU0823411888.USD":"法巴消费创新基金 Cap","LVMHF":"LVMH-Moet Hennessy Louis Vuitton","SBH":"莎莉美容控股公司","BK4588":"碎股","OLPX":"Olaplex Holdings, Inc.","IPAR":"依特香水","BK4200":"专卖店","BK4183":"个人用品","IE00B19Z6F94.USD":"Legg Mason Royce - US Smaller Companies A Acc USD","BK4202":"服装、服饰与奢侈品"},"source_url":"https://seekingalpha.com/news/3954375-ulta-beauty-tops-piper-sandler-teen-spending-survey","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2325386579","content_text":"In a survey of teen spending and interest in specific sectors performed by Piper Sandler, Ulta Beauty (NASDAQ:ULTA) stood out as a top performer. According to equity analyst Korinne Wolfmeyer, beauty spending among teens remains on the rise, with specialty retailers like Ulta Beauty (ULTA) and Sally Beauty Holdings (SBH) raking in the bulk of spending. Per the survey, Ulta also remained the top preferred beauty destination for female teens with 41% mindshare. While LVMH’s (OTCPK:LVMHF) Sephora brand gained 800 basis points as compared to the prior year survey, it was unable to unseat Ulta. “Ulta continues to hold the top beauty loyalty program membership at 63% of surveyed female teens with a loyalty membership, while Sephora ranked below Amazon for the second survey in a row at No. 3,” Wolfmeyer added. Sally Beauty (SBH) was also highlighted as a prominent destination for teens. Wolfmeyer said that a “consistent shift toward specialty retail for beauty purchases, which should play out nicely for SBH. She assigned an Overweight rating to both Sally Beauty and Ulta with $19 and $615, respectively.. Rounding out Buy-rated names in the beauty space, Inter Parfums (IPAR) was highlighted as a key beneficiary of increased fragrance spend in younger cohorts. In particular, males have increased spending levels significantly, from $53 in the prior year survey to $70. Wolfmeyer assigned the stock a $170 price target.  Less encouragingly, haircare spending intention was cited as particularly weak, boding poorly for the likes of Olaplex (OLPX). Spending interest rose just 1% from the prior spring and declined from the fall. “We saw Olaplex move back to No. 1 in this survey after dropping to No. 2 in the Fall, but at 10% mindshare, it still sits below last year’s 11%,” Wolfmeyer wrote. “With no brand having >10% mindshare, we view this as a testament to how young and innovative this category still is, and consumers are still finding which brands they’re most loyal to.” Wolfmeyer maintained a Neutral rating on Olaplex. Read more on Canaccord Genuity’s recent Buy initiation of Ulta Beauty.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}