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Ulta Beauty Looks Attractive Amid COVID-19 Recession

In response to the spreading COVID-19 epidemic, Ulta Beauty decided Tuesday to join many other businesses in closing its stores across the U.S. Even without that drastic measure, social distancing was going to hurt Ulta’s business anyway. Sensing where things were going, the market pushed Ulta stock down very quickly. ULTA was trading above $300…

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Ulta Beauty No Longer a Wall Street Darling

Ulta Beauty ‘s phenomenal uptrend started from $4.11 in March 2009 and did not stop until $368.83 in mid-July 2019. The company’s market value grew by almost 8900% in just ten years, easily earning Ulta a Wall Street darling status. Unfortunately, Wall Street likes fast-growers only as long as they keep growing. Ulta Beauty reduced…

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