Ulta Salon Cosmetics & Fragrances Reaches New 52-Week High (ULTA)

NEW YORK ( TheStreet) -- Ulta Salon Cosmetics & Fragrances (Nasdaq: ULTA) hit a new 52-week high Thursday as it is currently trading at $85.03, above its previous 52-week high of $84.48 with 328,287 shares traded as of 11:15 a.m. ET. Average volume has been 959,800 shares over the past 30 days.

Ulta Salon Cosmetics & Fragrances has a market cap of $4.79 billion and is part of the services sector and diversified services industry. Shares are up 28.2% year to date as of the close of trading on Wednesday.

Ulta Salon, Cosmetics & Fragrance, Inc., a beauty retailer, provides prestige, mass, and salon products; and salon services in the United States. The company has a P/E ratio of 50.5, below the average diversified services industry P/E ratio of 66.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ulta Salon Cosmetics & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Ulta Salon Cosmetics & Fragrances Ratings Report.

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