NEW YORK ( TheStreet) -- Ulta Salon Cosmetics & Fragrances (Nasdaq: ULTA) hit a new 52-week high Tuesday as it is currently trading at $94.96, above its previous 52-week high of $94.73 with 119,132 shares traded as of 9:55 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 44.7% year to date as of the close of trading on Monday. 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 48.9, 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Ulta Salon Cosmetics & Fragrances Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.