11:08 AM EDT, 03/12/2025 (MT Newswires) -- Ulta Beauty ( ULTA ) is poised to report "largely" in-line fiscal Q4 results but it may issue a lower-than-expected fiscal 2025 outlook, Oppenheimer said in a note Wednesday.

The company could introduce fiscal 2025 earnings guidance of $22 to $23 per share, while the Street is anticipating EPS of $23.52, analysts Rupesh Parikh and Erica Eiler wrote.

"Investor interest toward our more discretionary names, including ULTA, has been more muted lately," the analysts said, adding that the beauty retailer's stock continues to trade at a discounted valuation.

Oppenheimer lowered Ulta Beauty's ( ULTA ) price target to $435 from $515 and maintained an outperform rating on the stock.

Ulta Beauty ( ULTA ) shares were down 3.3% in recent Wednesday trading.

Price: 331.23, Change: -11.49, Percent Change: -3.35