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Ulta Beauty, Inc. (ULTA), with a market cap of $17.5 billion, is a leading specialty beauty retailer in the United States. The Bolingbrook, Illinois-based company offers a diverse range of branded and private-label beauty products and services through its stores, online platforms, and mobile applications.
Shares of this beauty products retailer have significantly underperformed the broader market over the past 52 weeks. ULTA has declined 11.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 24.3%. In 2024, ULTA's shares are down nearly 25%, compared to SPX's 17.2% YTD gains.