Why Ulta Beauty (ULTA) Dipped More Than Broader Market Today

Company Performance - Ulta Beauty (ULTA) closed at $412.15, reflecting a -1.52% change from the previous session, underperforming the S&P 500's daily loss of 0.51% [1] - Over the past month, Ulta Beauty shares have decreased by 2.48%, lagging behind the Retail-Wholesale sector's gain of 7.41% and the S&P 500's gain of 2.87% [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of$ 7.12, which represents an 11.88% decline compared to the same quarter last year [2] - Revenue is anticipated to be $3.46 billion, indicating a 2.6% decrease from the same quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at$ 23.99 per share, reflecting a -7.84% change from the prior year, while revenue is expected to be $11.27 billion, showing a +0.56% change [3] Analyst Forecasts - Recent revisions to analyst forecasts for Ulta Beauty are important, as upward revisions indicate analysts' positive outlook on the company's business operations and profit generation capabilities [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Ulta Beauty at 2 (Buy), with a historical average annual gain of +25% for 1 rated stocks since 1988 [6] - Ulta Beauty has a Forward P/E ratio of 17.44, which is a premium compared to its industry's Forward P/E of 15.21 [6] PEG Ratio and Industry Ranking - The company has a PEG ratio of 1, compared to the Retail - Miscellaneous industry's average PEG ratio of 1.42 [7] - The Retail - Miscellaneous industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 15, placing it in the top 6% of over 250 industries [7][8]