Intel stock spikes after report of possible US government stake
Ulta Beauty Inc’s stock reached a significant milestone by hitting a 52-week high of $524.02. With a market capitalization of $23.49 billion and a P/E ratio of 20.15, the beauty retailer continues to command investor attention. InvestingPro analysis suggests the stock is slightly overvalued at current levels. This impressive achievement reflects a robust 59.03% increase in the stock’s value over the past year, underscoring the company’s strong performance and investor confidence. The beauty retailer’s stock has been on a steady rise, supported by annual revenue of $11.4 billion and a healthy gross profit margin of 42.71%. With a strong current ratio of 1.67 and an overall financial health rating of "GOOD" according to InvestingPro, which offers 8 additional exclusive insights about ULTA, the company continues to solidify its position in the competitive beauty industry.
In other recent news, Ulta Beauty has announced the acquisition of British beauty retailer Space NK from Manzanita Capital, marking a significant expansion into the UK and Ireland markets. The financial terms of the transaction were not disclosed, but reports suggest the deal is valued at over £300 million. Space NK will continue to operate as a standalone subsidiary under its current management. In addition to this strategic move, DA Davidson has raised its price target for Ulta Beauty to $585, maintaining a Buy rating. This decision follows an increase in the firm’s second-quarter 2025 comparable sales estimate for Ulta to 3.5%, well above the consensus estimate. Previously, DA Davidson had also raised its price target to $550, citing a refreshed beauty product overlap study. The acquisition of Space NK has been met with a reiterated Buy rating from DA Davidson, emphasizing confidence in Ulta’s strategic direction. These developments underscore Ulta Beauty’s ongoing growth and expansion efforts.
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