Where Will Ulta Stock Be in 1 Year?
It's been an awful year for Ulta Beauty (NASDAQ: ULTA). The cosmetics and fragrances retailer is struggling through the inflationary environment, which is eroding its margins. It got a boost from Warren Buffett when Berkshire Hathaway bought shares in the 2024 second quarter, and then it lost that vote of confidence when Berkshire dumped most of its shares in the third quarter.Result: Ulta stock is down 29% over the past year at the same time that the S&P 500 is up 22%. Still, let's see where it could be in one year.Ulta is a major cosmetics, skincare, and haircare retailer that has changed the way customers shop for beauty products. It's differentiated from other beauty retailers in a number of ways.Continue reading
It's been an awful year for Ulta Beauty (NASDAQ: ULTA). The cosmetics and fragrances retailer is struggling through the inflationary environment, which is eroding its margins. It got a boost from Warren Buffett when Berkshire Hathaway bought shares in the 2024 second quarter, and then it lost that vote of confidence when Berkshire dumped most of its shares in the third quarter.
Result: Ulta stock is down 29% over the past year at the same time that the S&P 500 is up 22%. Still, let's see where it could be in one year.
Ulta is a major cosmetics, skincare, and haircare retailer that has changed the way customers shop for beauty products. It's differentiated from other beauty retailers in a number of ways.
