Ulta Beauty Stock Outlook: Is Wall Street Bullish or Bearish?

With a market cap of $23.6 billion, Ulta Beauty, Inc. (ULTA) is the largest specialty beauty retailer in the United States, offering over 25,000 products from around 500 established and emerging brands. The company operates stores with full-service salons and sells products through its website and mobile applications.

Shares of the beauty products retailer have outperformed the broader market over the past 52 weeks. ULTA stock has surged 39.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 14.7%. On a YTD basis, shares of ULTA are up 20.2%, compared to SPX’s 9.5% increase.