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NEW YORK ( TheStreet) -- Ulta Salon Cosmetics & Fragrances (Nasdaq: ULTA) hit a new 52-week high Wednesday as it is currently trading at $96.15, above its previous 52-week high of $95.85 with 384,300 shares traded as of 3 p.m. ET. Average volume has been 681,000 shares over the past 30 days. Ulta Salon Cosmetics & Fragrances has a market cap of $5.9 billion and is part of the services sector and diversified services industry. Shares are up 45.5% year to date as of the close of trading on Tuesday. Ulta Salon, Cosmetics & Fragrance, Inc. operates as a beauty retailer that provides prestige, mass, and salon products; and salon services in the United States. The company has a P/E ratio of 49, below the average diversified services industry P/E ratio of 49.7 and above the S&P 500 P/E ratio of 17.7.