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Ulta Beauty (NASDAQ:ULTA) Inc. stock has reached a new 52-week high, touching $496.73. This milestone reflects the company’s robust performance over the past year, with its stock price appreciating by 21.52%. With a market capitalization of $21.9 billion and a P/E ratio of 18.5, InvestingPro data shows the company maintains a "GREAT" financial health score, supported by strong liquidity with a current ratio of 1.67. The beauty retailer has been gaining traction in the market, driven by strong sales reaching $11.4 billion in the last twelve months and strategic initiatives that have resonated well with consumers. This 52-week high underscores investor confidence in Ulta Beauty’s ability to navigate the competitive landscape and deliver consistent growth. As the company continues to expand its footprint and enhance its product offerings, its stock remains a notable performer in the retail sector. For deeper insights into ULTA’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, along with 10+ additional exclusive ProTips.
In other recent news, Ulta Beauty has seen several notable developments. DA Davidson raised its price target for Ulta Beauty to $550 from $485, maintaining a Buy rating, based on a study showing Ulta’s improved product differentiation compared to competitors. BofA Securities also increased its price target to $500 from $455, citing potential for Ulta to outperform in the second half of the fiscal year despite expected margin pressures. Meanwhile, Citi maintained a neutral rating with a $450 price target following the sudden departure of CFO Paula Oyibo, with Chris Lialios stepping in as interim CFO. The company is actively searching for a permanent CFO with international experience to aid its expansion plans. William Blair reiterated a Market Perform rating, noting limited upside potential due to the stock’s current valuation. Evercore ISI maintained its Outperform rating with a $490 price target, viewing the CFO search as a positive step. These developments come as Ulta Beauty continues to navigate a competitive beauty retail landscape and plans for future growth.
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