Ulta Beauty: Buy a Leading Beauty Platform Trading at a Rarely Cheap Multiple
Ulta Beauty reported solid Q1 results with double-digit revenue growth, margin expansion and raised guidance. The company combines scale in-store with a growing omnichannel footprint and is trading around 18x trailing EPS with EV/EBITDA near 11x. This trade targets continued share gains and margin tailwinds while keeping risk controlled with a tigh…