The stock market is in a correction, which is normally bad for stocks. Still, Ulta Beauty (ULTA) is up on the year, and is hovering around its 52-week high, which is a sign of strength.
Ulta Beauty (ULTA) has been a target of short sellers for years. And in that time the stock’s gone from $150 to $250. And ULTA’s financial results are still coming in strong.
After an eight-year run higher, Ulta Salon’s (ULTA) stock was a laggard in 2017. Now ULTA’s stock has turned back up, but growth might slow.
Although Ulta Salon (ULTA) stock is well off its highs of over $300 a share, the numbers still look great. ULTA has what it takes to get back on track.
Ulta Beauty (ULTA) has fallen from $300 to $200 in the last six months, yet the numbers still look good. Is this stock ready to bounce back or is there something we don’t know?