Ulta Beauty: A Debt-Free, Growing Business With Upside Potential

Ulta Beauty Inc. (ULTA, Financial) has been a disappointment for shareholders over the past three months. Its share price dropped from $567 in the middle of March to $376 in the middle of May, then rebounded to $395 at the time of writing. The three-month return was -27.70%. Steady growth in a challenging business environment CEO Dave Kimbell attributed the forecast adjustment to the dynamics in the first quarter and cited several strategic initiatives designed to solidify Ulta Beauty's market position. He ...