Should You Buy Ulta Beauty Inc (ULTA) Stock on Wednesday?

Ulta Beauty Inc (ULTA) stock has risen 17.70% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Ulta Beauty Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ULTA!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ULTA Stock Today?

Ulta Beauty Inc (ULTA) stock is higher by 2.69% while the S&P 500 is down -0.03% as of 2:32 PM on Wednesday, Dec 6. ULTA is higher by $12.95 from the previous closing price of $481.42 on volume of 589,021 shares. Over the past year the S&P 500 has risen 14.18% while ULTA is higher by 4.62%. ULTA earned $24.64 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.07.

More About Ulta Beauty Inc

Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (43% of 2021 sales), fragrances, skin care, and hair care products (20% of 2021 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois. Click Here to get the full Stock Report for Ulta Beauty Inc stock.