Barclays lowered the firm’s price target on Ulta Beauty (ULTA) to $327 from $445 and keeps an Equal Weight rating on the shares. The company’s Q4 beat estimates but its fiscal 2025 guidance came in below consensus as the macro backdrop remains uncertain, the analyst tells investors in a research note. The firm says fiscal 2024 marked the first time that Ulta has lost market share within the beauty category, as competition continues to accelerate at both physical stores and within e-commerce.
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