Sell-Side Brokerag Firms Have Given Ulta Beauty, Inc. (NASDAQ:ULTA) a Consensus Recommendation of 2.2

Covering sell-side analysts have recently weighed in on shares of Ulta Beauty, Inc. (NASDAQ:ULTA). At the time of writing, the consensus price target for the company is $288.68. The current consensus recommendation provided by covering analysts is 2.2. This recommendation lands on a scale between 1 and 5. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. A rating of 4 or 5 would represent a Sell recommendation. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Sell recommendations are extremely rare and when present, any potential investor should be very wary. 

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Since the beginning of the calendar year, the stock is -4.77%. For the quarter, shares have been noted at -30.82%. Share performance for the month is currently at -11.28%. Tightening the gaze, stock performance for the last 5 trading days is -2.42%.

Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock. The investor checklist may include studying the scope of a company’s competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly. Once the decision is made that the company is a good fit for the portfolio, it may be wise to assess whether or not current conditions and price levels indicate proper levels for share purchase. The timing of purchasing a researched stock obviously comes with some level of trepidation. Investors will only know in the future whether they got in at the right price. A stock that looks very attractive today may not be as attractive in the future. Sometimes the investor will just have to trust their research and instinct when purchasing shares.

Technicals At a Glance
Ulta Beauty, Inc. (NASDAQ:ULTA)’s RSI (Relative Strength Index) is 42.17. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

Technical analysts may be interested in how Ulta Beauty, Inc. (NASDAQ:ULTA) is trading in relation to some moving averages. Presently, the 200-day MA is resting at 312.51, and the 50-day is 249.99. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to help the trader calculate reliable support and resistance levels for the stock.

The 14-day ADX for Ulta Beauty, Inc. (NASDAQ:ULTA) is currently at 16.04. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend. Checking in on some other technical levels, the 14-day RSI is currently at 38.57, the 7-day stands at 30.41, and the 3-day is sitting at 12.13. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

At the time of writing, Ulta Beauty, Inc. (NASDAQ:ULTA) has a 14-day Commodity Channel Index (CCI) of -131.18. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Ulta Beauty, Inc. (NASDAQ:ULTA)’s Williams %R presently stands at -84.64. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

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