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Is Ulta Beauty, Inc. (ULTA) A Good Stock To Buy Now?

Is ULTA a good stock to buy? We came across a bullish thesis on Ulta Beauty, Inc. on r/ValueInvesting by raytoei. In this article, we will summarize the bulls’ thesis on ULTA. Ulta Beauty, Inc.'s share was trading at $456.13 as of June 18th. ULTA’s trailing and forward P/E were 17.10 and 16.26 respectively according to Yahoo Finance.

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Ulta Beauty operates as a leading US specialty beauty retailer positioned between mass and prestige cosmetics, competing with Walmart, Amazon,...