BofA Securities analyst Lorraine Hutchinson reiterated the Neutral rating on Ulta Beauty, Inc. (NASDAQ:ULTA) with a price objective of $380.
The analyst reduced the FY25 EPS estimate by 8% to $22.41, reflecting a 3% decline due to more store openings offset by lower margins.
The company projects annual sales growth of 4-6%, comparable sales growth of 3-4%, and low-double-digit EPS growth.
Per Hutchinson, FY25 may be a transitional year, with results falling short of long-term targets as the company navigates softer sales while investing in initiatives to strengthen its market position and reignite growth.
Additionally, the company announced a new $3 billion share buyback program, which is projected to contribute 500 basis points to annual EPS growth, Hutchinson notes.
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The analyst emphasizes that the company will concentrate on enhancing its product assortment through new offerings and brand partnerships, which drive 20%-30% of annual revenue; management has indicated a strong pipeline.
Additionally, the focus will be on improving the in-store and online guest experience, boosting the loyalty program, expanding social media presence, and refining the promotional strategy.
The analyst notes that investment will be directed toward marketing, loyalty initiatives, sampling, digital exposure, major events, employee training, and in-store activities.
The analyst lowered the FY26 EPS estimate to $22.41 from $24.44.
Price Action: ULTA shares are trading lower by 0.10% to $372.82 at last check Thursday.
Photo via Shutterstock
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美銀證券分析師洛林·哈欽森重申了對Ulta Beauty, Inc.(納斯達克股票代碼:ULTA)的中性評級,目標股價爲380美元。
該分析師將25財年的每股收益預期下調了8%,至22.41美元,這反映了3%的下降,這是由於更多的門店開業被較低的利潤率所抵消。
該公司預計年銷售額增長4-6%,可比銷售增長3-4%,每股收益將實現低兩位數的增長。
根據哈欽森的說法,25財年可能是過渡性的一年,其業績未達到長期目標,原因是該公司在銷售疲軟的同時投資於鞏固其市場地位和重啓增長的舉措。
此外,哈欽森指出,該公司宣佈了一項新的30億美元股票回購計劃,預計該計劃將爲每股收益增長貢獻500個點子。
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該分析師強調,該公司將集中精力通過新產品和品牌合作伙伴關係來增強其產品種類,這將推動年收入的20%-30%;管理層表示有強大的產品線。
此外,重點將放在改善店內和在線顧客體驗、加強忠誠度計劃、擴大社交媒體影響力以及完善促銷策略上。
分析師指出,投資將用於營銷、忠誠度計劃、抽樣、數字曝光、重大活動、員工培訓和店內活動。
該分析師將26財年的每股收益預期從24.44美元下調至22.41美元。
價格走勢:週四最後一次檢查時,ULTA股價下跌0.10%,至372.82美元。
照片來自 Shutterstock
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