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.
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. 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. See all 52-week high stocks or get investment ideas from our investment research center.