ULTA Beauty Poised for Growth with Loyal Customer Base, Strong Financials
• ULTA boasts robust growth fueled by store expansion, e-commerce focus, and a successful loyalty program with 40 million members
• Healthy balance sheet with no debt and $388.6 million in cash provides stability amidst economic uncertainty
• Attractive valuation with forward P/E of 15.9x, one of the lowest multiples ULTA has traded at recently
• Strong Q2 2022 results with 10.1% revenue growth and 9% increase in transaction volumes
• Wall Street analysts have a Moderate Buy rating on the stock with average price target implying nearly 25% upside