Ulta Beauty (ULTA, Financial) has announced the appointment of Lauren Brindley as its new Chief Merchandising and Digital Officer, effective June 3. This follows the impending retirement of Monica Arnaudo, the current holder of the position, set for June.
In her new role, Brindley will oversee Ulta Beauty’s strategies in merchandising, e-commerce, wellness, and marketplace. Her responsibilities will also extend to leading the company's efforts in building its brand assortment strategy. Brindley brings over 20 years of experience in the global beauty and retail sectors to the table. Prior to joining Ulta Beauty, she served as CEO of Revolution Beauty, further solidifying her credentials in the industry.
Ulta Beauty looks forward to leveraging Brindley’s extensive background to enhance its market position and drive future growth in various consumer-facing domains.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Ulta Beauty Inc (ULTA, Financial) is $413.26 with a high estimate of $526.00 and a low estimate of $310.00. The average target implies an upside of 18.21% from the current price of $349.59. More detailed estimate data can be found on the Ulta Beauty Inc (ULTA) Forecast page.
Based on the consensus recommendation from 31 brokerage firms, Ulta Beauty Inc's (ULTA, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ulta Beauty Inc (ULTA, Financial) in one year is $558.71, suggesting a upside of 59.82% from the current price of $349.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ulta Beauty Inc (ULTA) Summary page.
