Ulta Beauty sinks after posting a disappointing guidance (ULTA)

pulse

December 6, 2018 10:49 PM

The cosmetics retailer Ulta Beauty plunged as much as 5.55% to $276.5 a share after the company reported a worse-than-expected guidance.

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Shares fell more than 6% following the results.
The stock has been rallying since August 30 — up 18.8% — when Kylie Jenner announced she would sell her cosmetic brand in Ulta Beauty stores during the holiday shopping season.

The cosmetics retailer Ulta Beauty fell as much as 7.05% to $272.27 a share late Thursday after the company reported disappointing guidance.

Here are the key numbers compared to what analysts are expecting according to Bloomberg:

had a buy rating and price target of $335 — 15.5% above where shares were trading Thursday.

Ulta Beauty was up 26.34% this year through Thursday.

Kylie Jenner saved Ulta Beauty from a brutal earnings report — and catapulted shares to their best level in over a year

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