ULTA

Ulta Salon Cosmetics & Fragrance Inc.

Consumer


Presented:02/25/2014
Price:$87.44
Cap:$5.62B
Current Price:$369.49
Cap:$17.41B

Presented

Date02/25/2014
Price$87.44
Market Cap$5.62B
Ent Value$5.38B
P/E Ratio37.8x
Book Value$18.42
Div YieldN/A
Shares O/S64.23M
Ave Daily Vol1,420,000
Short Int3.80%

Current

Price$369.49
Market Cap$17.41B
Ulta Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores in the United States. Its stores offer cosmetics, fragrance, haircare, and skincare products, as well as related accessories and services. The company’s cosmetics include products for the face, eyes, cheeks, lips, and nails; haircare products comprise shampoos, conditioners, styling products, and hair accessories; salon styling tools, such as hair dryers, curling irons, and flat irons; skincare, and bath and body products consist of products for the face, hands, and body; and fragrances for men and women. It also provides private label products that comprise Ulta branded cosmetics, skincare, bath and body products, and haircare products; and other products, which include candles, home fragrance products, and other health and beauty products. As of May 4, 2013, the company operated 576 retail stores in 46 states. It also operates full services salons in its stores; and distributes its products through operating ulta.com. The company was founded in 1990 and is based in Bolingbrook, Illinois.

Highlights

The presenter is short shares of Ulta Salon (ULTA) and believes the current operating trends suggest it will be difficult for the company to meet EPS guidance and estimates over the next 12-18 months. Most recently, ULTA missed its 3Q numbers and cut guidance. He believes they may be “bumping up against a wall” now, which is most likely not reflected in a high $80s stock price.

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Idea Discussion

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