What to Make of Ulta Beauty Stock after the Target Link Up

Ulta Beauty Inc. is the largest beauty retail chain in the US. The company has around 1156 stores in 50 states and sells all beauty products ranging from cosmetics, skincare products, fragrances, hair care products, and salon services.

As a result of the pandemic disruption, it was one of the major brick and mortar businesses to close down its store locations and also had borne losses earlier in 2020. In November the company has entered into a partnership with Target and is all set to make up for the losses incurred.

Till now, Ulta Beauty stock held onto its 10% year-to-date level. The shares have gone more than double of their five-year lows, owing to the pandemic with a floor emerging at the round $200 level. After bouncing back from this level, earlier in November after announcing a partnership with Target, Ulta’s ascending 10-day moving average has guided the stock higher.

The company is set to report its earnings on December 3, 2020, after the close. For the upcoming report, the company is expected to report on EPS of $1.44 on Ulta Beauty Stock.