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On August 29, Ulta Beauty will be reporting earnings from the last quarter. Wall Street analysts are expecting earnings per share of $5.47. Follow Ulta Beauty stock price in real-time here.
Full-year guidance for net sales and earnings per share was revised downward. Ulta Beauty saw modest net sales growth in its fiscal second quarter, but weakness on comparable sales and profit margins.
That doesn't make him an Ulta bear, however, as he thinks the retailer still has plenty of potential upside even at the reduced level -- it's 28% higher than the most recent closing share price ...